Sigma’s 2023 Cyber Security Scoop reveals UK’s top trends.

December 17, 2023
1 min read

Sigma Cyber Security, a leading IT and cyber security firm, recently released a comprehensive set of UK-specific cyber security statistics for 2023. The report details critical trends and areas for improvement within the industry. Its findings indicate a broadening awareness of cyber security measures, though implementation varies across business size.

  • 49% of businesses and 44% of charities sought external cyber security advice in the past year
  • Only 14% of businesses and 15% of charities are aware of the Cyber Essentials Scheme, with higher awareness in medium (50%) and large businesses (59%)
  • 9% of businesses and 5% of charities report compliance with ISO 27001, rising to 27% among large businesses
  • Only 21% of businesses and 16% of charities have formal Incident Response Plans, with an increase to 47% in medium-sized and 64% in large businesses
  • 11% of businesses and 8% of charities faced cyber crime in the last year, with the average annual cost of £15,300 per victim

The industry itself shows promising growth with annual revenue reported at £10.5 billion, a 3% increase from last year, and a workforce of 58,005 people, a 10% increase from the previous year.

A further finding suggests 59% of UK organizations predict increased cyber security budgets in 2023, aligning with the top concerns of cloud-related threats, business email compromise, and ransomware attacks. Moreover, 77% of UK organizations have adopted cyber insurance. Interestingly, the UK contributed 1.66% of the world’s spam.

The nature of data breaches was revealed to be 52% caused by malicious attacks, with an average of 181 days to identify and 75 days to contain a breach.

Coinciding with the release of these statistics, Sigma Cyber Security reaffirms its commitment to aid businesses and charities in bolstering their cyber security by offering tailored solutions, informed by these latest trends and challenges.

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