Finance industry revealed as second least cyber-secure in the UK … – IFA Magazine

Finance industry revealed as second least cyber-secure in the UK … – IFA Magazine

by Brandon Russell | Jan 21, 2023
And, with photo-sharing apps such as BeReal and Snapchat on the rise, the potential for severe data breaches when these apps are used at work is creating panic across many UK industries.
Interested in identifying the sectors most at risk, the experts at used data from the 2022 Cyber Security Breaches Survey to identify the UK industries with the most cybersecurity breaches.
Key findings:
We really hope you find this release useful. If you do end up using it, we would very much appreciate a link to A linked credit allows us to keep supplying you with future content that you may find useful.
The UK industry with the most cybersecurity breaches in 2022
According to Scams.infothe information and communication (IT) industry is the least cyber-secure in the UK, with 320,060 data breaches in the past year. Equating to 66.17 average breaches per employee, IT employees are over 3 times as likely to suffer a cyber security breach than those in the finance and insurance industry (18.45 average breaches). This adds up to IT employees potentially suffering cyber breaches at least once per week each, on average.
With 305,785 data breaches, almost double that of the retail sector (183,500 breaches), the finance and insurance industry had the second most security breaches in the UK in 2022. Equating to 18.45 average annual breaches per employee, finance and insurance employees could be at risk of suffering a cyber attack 1.5 times per month on average.
Food and hospitality industry is the most cyber-secure also found that the food and hospitality industry is the most cyber-secure of all sectors observed, with only 5,176 data breaches in the past year, equating to a miniscule 0.04 breaches per employee. This is a 314,884 drop in data breaches when compared to the IT sector, and 498 fewer annual breaches than the administration and real estate sector in eleventh place.
Web development and cyber security expert Ledi Sallilari from the SEO consulting firm Reboot offered the following tips on the best ways businesses and employees can protect themselves from data breaches at work:
Written by Laith Khalaf, head of investment analysis at AJ Bell There was a big sell off in riskier areas of the market in 2022, but that hasn’t knocked risk-hungry strategies off their perch when looking at performance over the last decade. Meanwhile low-risk safe…
Research by London lettings and estate agent, Benham and Reeves, has highlighted how many sellers may find themselves unable to secure a buyer in 2023, should their home have a balcony that has been constructed with combustible materials such as…
During a challenging year for investors in 2022 Hargreaves Lansdown fund analysts take a look at how active UK and US fund managers performed against their passive peers. ·    Performance: the proportion of active managers that outperformed was…
Autus Data Services has produced its latest Landscape report looking at the key numbers and trends in the regulated UK Financial Services ma…
Mortgage and Property
Capricorn Financial Consultancy has released its market expectations for the coming year and beyond, predicting that the UK mortgage market…
Mortgage and Property
Following Paul Lewis of BBC Money Box saying “the way to get the best possible deal is to go to one of the big, national, independent mortga…
Following the ONS Labour Market data published this morning, Newspage have collated the thoughts of industry experts who have given their re…
Whether or not you’re a committed sustainable investor, the hard facts remain that with so much money needing to be committed to prevent cli…
Tax Efficiency
Estate planning is something too many families put off. But recent events have made inheritance tax and providing for loved ones a priority…
Mortgage and Property
Earlier this week, IFA Magazine reported on the reactions of many mortgage brokers to comments made by the well-known financial journalist…
Working in financial services can be a rewarding experience that allows flexibility and control over work/life balance. However, this is onl…
Multi Asset Funds
Written by Julian Howard, Lead Director, Multi Asset Solutions, GAM Investments Global equities, as measured by the MSCI AC World Index, fel…
This morning, the Office for National Statistics (ONS) has reported the latest UK CPI data for the month of December which showed a year-on-…
IFA Talk is our flagship podcast, designed to fit perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.
© IFA Magazine 2023. All rights reserved.
We are using cookies to give you the best experience on our website.
You can find out more about which cookies we are using or switch them off in settings.
This policy explains how IFA Magazine collects, stores, uses and shares personal information (including but not limited to information from which you can be personally identified such as your name, address, job title, company, email address, or telephone number) and information about your visits to the network, including the pages you view, the links you click and other actions taken in connection with, ,,
IFA Magazine Publications Limited may update this Policy at any time. It is your responsibility to check for updates to this Policy, as your continued use of the website denotes an acceptance of this Policy. Unless stated otherwise, IFA Magazine Publications Limited’s current Policy applies to all information that IFA Magazine Publications Limited has about you and your account.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
More information about our Cookie Policy


Apk Bazar

Leave a Reply

Your email address will not be published. Required fields are marked *