Cybercrime in numbers

Digital Criminals How Cybercrime A ffects Businesses Over the last 10 years, cybercrime has been a constant growing thre at – 308 BILLION POUNDS Cybercrim e's annu alI estimated cost to the global economy' The average cost of a serious security bre ach is between_ £ 6 5 ,0 0 0 & £115,000 Some of the largest data breaches since 2016 (by # of records stolen by hacking)" 145,000,000 Ebay 37,000,000 Ashley Madison 2,700,000 Carphone Warehouse 2,400,000 AOL 750,000 Japan Airlines 275,000 Apple 157,000 TalkTalk Most of us associate cybercrimes with large corporations; however, 62% businesses of all sizes and sectors face a serious threat 45% 2014 2015 % of law firms that suffered a security incident 75% 60% % of small businesses that reported a security bre ach (UK) Most Com mon ty pes of economic crime in the financial services industry _ Money Laundering 3 Cybercrime Asset Misappropriation Amount of revenue SMBS are unwittingly putting at risk– 32% Percentage of small businesses who... are covered by 10 cybercrime insurance (4 % )" have fallen victim to cybercrime (42 %)° which costs them around 785 MILLION POUNDS (per year)" 8. All small businesses 92% of the incidents we've seen over the last decade can be identified by the same 9 patterns" miscellane ous insider & crimeware errors privilege misuse payment card skimmers point-of-sale cyber- espionage intrusion denial of physical web app service att acks theft & loss attacks 7 practical tips In order to protect yourself against cyber threats – Keep your software up to date Disable Java in your browser - Java browser plugins have a history of being vulnerable 3 Use a two step verification system [e.g entering a password as well as a security question] 4 Encrypt devices - in the case of stolen or lost equipment, the stored data will be safer Teach your staff about proper disposal of sensitive information [this will reduce the chances of an accidental leak] 6. Log system, network and app activity this will prove incredibly useful should you experience a breach Regularly back up all devices to prevent loss of information To ensure you're properly protected, meet with an IT professional to implement security me asures, and make sure your insurance will cover you should anything happen– Sources 1. www.mcafee.com/es/resources/misc/infographic-cybercrime-loss-gdp.pdf 2. www.x-rates.com/calculator/?from=USD&to=GBP&amount=445 3. https://www.gov.uk/government/news/cyber-security-myths-putting-a-third-of-sme-revenue-at-risk 4. www.informationisbeautiful.net/visualizations/worlds-biggest-data-breaches-hacks/ 5. http://www.legalcompliancetoday.co.uk/2016-set-to-be-year-of-cyber-crime-for-majority-of-legal-firms-say-security-experts-cms-318 6. http://www.pwc.co.uk/assets/pdf/2015-isbs-executive-summary-digital.pdf 7. https://www.gov.uk/government/news/cyber-security-myths-putting-a-third-of-sme-revenue-at-risk 8. http://www.telegraph.co.uk/sponsored/business/volvo-business/11423652/business-spotlight-cybercrime.html 9. https://www.aat.org.uk/news/article/cyber-crime-are-smaller-businesses-prepared 10. http://insurance.aon.co.uk/business/knowledge-centre/news-and-views/sme-sector-exposed-to-cybercrime 11. http://www.verizonenterprise.com/DBIR/2014/reports/rp_dbir-2014-executive-summary_en_xg.pdf AON Risk. Reinsurance. Human Resources. Empower Results® Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com/ Published by Aon UK Limited. Registered office The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN Registered in London No. 210725. Aon UK Limited is authorised and regulated by the Financial Conduct Authority Whilst care has been taken in the production of this article and the information contained within it has been obtained from sources that Aon UK Limited believes to be reliable, Aon UK Limited does not warrant, represent or guarantee the accuracy, adequacy, completeness of fitness for any purpose of the article or any part of it and can accept no liability for any loss incurred in any way whatsoever by any person who may rely on it. In any case any recipient shall be entirely responsible for the use to which it puts this article.This article has been compile using information available to us up to 01/02/2016 2.