A large number of companies aren’t not implementing adequate protection against cyber attacks.
In fact, the Cyber Security Breaches Survey for the year 2024 revealed worrying statistics about the state of cybersecurity preparedness among UK businesses.
It found that around 78% of businesses don’t have a formal incident plan in place. This is despite the fact approximately 50% of businesses and 32% of charities said they experienced some form of cybersecurity breach or attack in the last year.
Businesses of all sizes in London can benefit from cybersecurity support.
The survey also found that medium and large businesses, along with high-income charities, were identified as particularly vulnerable. When smaller businesses are targeted it’s obviously much harder for them to recover.
Silver Cloud Technologies provide cost-effective services and bespoke solutions to SMB, mid-market and corporate businesses throughout London.
How can a cyber attack impact your company?
First off, it can lead to financial losses due to theft of funds, disruption of business operations, or the cost of repairing and restoring systems. For example, ransomware attacks can result in direct financial demands from attackers, while downtime caused by a cyber attack can result in lost revenue.
Not only that, it can permanently harm your reputation and make you lose trust and loyalty with your customers.
If sensitive information such as customer data, intellectual property, or financial records is compromised in a cyber attack, you may face significant costs associated with investigating the breach, notifying affected parties, and providing credit monitoring services.
There can also be legal consequences, including fines and lawsuits. Regulatory bodies may impose penalties for non-compliance with data protection laws, such as the General Data Protection Regulation (GDPR) in Europe or the Health Insurance Portability and Accountability Act (HIPAA) in the United States.
Cyber attacks can disrupt business operations by causing system outages, rendering critical systems unusable or disrupting supply chains. This can lead to delays in product delivery, reduced productivity, and increased operational costs.
Cyber criminals often target intellectual property, resulting in the theft of valuable trade secrets, patents, or proprietary information. This can undermine a company's competitive advantage and lead to lost revenue.
If a cyber attack results in the theft of proprietary information or trade secrets, competitors may gain an unfair advantage in the marketplace. This can erode market share and diminish the company's competitive position.
Why use Silver Cloud Technologies to improve your cybersecurity?
Firstly, you’ll be benefiting from exceptional knowledge and expertise. Our team possesses specialised knowledge and skills in identifying and mitigating cyber threats. We also always stay up to date with the latest cybersecurity trends, technologies, and threats, providing invaluable expertise to their clients.
If you run a small or medium sized business, (SMBs), we can save you money hiring an in-house cybersecurity team.
The UK economy is currently unpredictable and many companies are holding back on hiring. By outsourcing cybersecurity support to our specialised firm, you will gain access to a team of professionals without the need to invest in hiring and training their own staff.
Outsourcing cybersecurity support can be more cost-effective than maintaining an in-house team. Instead of bearing the costs of salaries, benefits, training, and infrastructure, companies can opt for a subscription-based model or pay for services as needed, reducing overhead expenses.
Focus on other areas of your organisation in London.
Nobody wants to be wasting time worrying about cybersecurity; you want to be focusing on what you do best, whether it’s marketing, advertising or charity work.
By entrusting our team with your cybersecurity responsibilities, you staff can focus on their core competencies and business objectives without being distracted by the complexities of cybersecurity management.
We appreciate that many industries, especially those handling sensitive information such as finance, healthcare and government sectors, are subject to strict regulatory compliance requirements for data protection and cybersecurity. We regularly support firms that need help remaining compliant with relevant regulations and standards.
Benefit from exceptional monitoring and support:
We will improve the security of your network and devices, drastically reducing the chances of high-profile data breaches and cyber-attacks.
Silver Cloud Technologies can also help you deal with risk management. We help businesses identify, assess, and mitigate cybersecurity risks effectively. Our experts can conduct thorough risk assessments, implement appropriate security measures, and develop incident response plans to minimise the likelihood and impact of security breaches.
Maintain your reputation for reliability with your customers.
By leveraging the expertise and resources of a cybersecurity support firm like Silver Cloud, you can significantly enhance their overall standing, reducing the risk of data breaches, financial losses, reputational damage, and other adverse consequences associated with cyber threats.
In short, Silver Cloud Technologies has expertise, resources and support to address their cybersecurity challenges effectively and protect their digital assets from evolving threats.