In today’s digital world, cyber security is not just a technical issue—it’s a business priority. As part of Cyber Security Awareness Month 2024, VividBlock is raising awareness about how organisations can protect themselves from the growing threats in the digital landscape. With cybercrime costs expected to hit £8.4 trillion annually by 2025, the time to act is now.

Why Cyber Security Matters

According to studies, a cyber attack occurs every 39 seconds, and 95% of breaches are caused by human error. As cybercrime continues to rise, every organisation – big or small – is at risk. Whether it’s sensitive customer data or your organisation’s proprietary information, no data is safe without effective measures in place.

The Most Common Cyber Threats:

1. Malware: This includes viruses, worms, trojans, and ransomware, all designed to damage systems or steal data. Ransomware, for example, locks you out of your files until a ransom is paid – crippling businesses that rely on their data to function.
2. Phishing: Fraudulent emails or websites that trick users into revealing sensitive information. • Spear phishing and whaling target specific individuals, often posing as trusted sources like executives or vendors.
3. Social Engineering: Attackers manipulate individuals into divulging confidential information by pretending to be trusted figures.
4. Denial-of-Service (DoS) Attacks: These attacks overwhelm your network with traffic, causing major disruptions in service.

The Cost of a Cyber Attack

The financial impact of a data breach is staggering. In 2024, the average cost of a breach is £3.6 million, covering everything from system recovery to regulatory fines. Beyond finances, the damage to your reputation can be long-lasting. A survey by PwC found that 85% of people hesitate to do business with a company after a breach.

Simple Steps to Strengthen Your Cyber Security

Cyber security doesn’t have to be complicated. By following these basic practices, you can significantly reduce the risk to your organisation:

1. Use Strong Passwords: Ensure passwords are complex and unique, with a mix of letters, numbers, and special characters. Avoid common phrases and personal information.
2. Enable Multi-Factor Authentication (MFA): MFA requires multiple steps to verify identity, making it harder for attackers to access your systems.
3. Recognise and Report Phishing Attempts: Be cautious of unsolicited emails, especially those requesting sensitive information or containing suspicious links. Report any unusual activity to your IT team immediately.
4. Keep Software Updated: Regular updates protect against known vulnerabilities. Set your systems to update automatically to stay one step ahead.
5. Secure Your Internet Browsing: Only use secure connections, such as websites with HTTPS, and avoid conducting sensitive transactions on public Wi-Fi.
6. Backup Your Data: Regular backups are essential. Store them securely, separate from your primary system, so you can recover quickly after an attack.

Responding to a Cyber Attack

If a cyber incident occurs, quick action is essential:

• Isolate Affected Systems: Disconnect compromised systems to prevent further damage.
• Document the Incident: Record the date, time, and nature of the attack, preserving evidence for investigation.
• Follow Up: Participate in cyber security training to stay informed about the latest threats and best practices.

Protect Your Business with VividBlock

The reality is that every business is a potential target for cybercrime, but with the right strategies, you can safeguard your assets. At VividBlock, we specialise in providing tailored IT and cyber security solutions to help businesses defend against evolving threats. Whether you need a comprehensive security strategy or specific advice on digital risks, we’re here to help.