{"id":21588,"date":"2022-04-26T11:24:18","date_gmt":"2022-04-26T10:24:18","guid":{"rendered":"https:\/\/www.engineernewsnetwork.com\/blog\/?p=21588"},"modified":"2022-04-26T11:24:19","modified_gmt":"2022-04-26T10:24:19","slug":"cyber-attacks-on-the-increase-for-many-of-the-uks-manufacturing-and-engineering-firms","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/cyber-attacks-on-the-increase-for-many-of-the-uks-manufacturing-and-engineering-firms\/","title":{"rendered":"Cyber attacks on the increase for many of the UK\u2019s manufacturing and engineering firms"},"content":{"rendered":"\n

Three in five of the UK\u2019s Manufacturing and Engineering firms (M&E) have suffered a cyber attack (UK average: 45%), with ransomware attacks the most frequently experienced, followed by phishing emails and denial of service (DoS) data breaches. Of those firms who have suffered a cyber-attack, 68% have been the subject of increased incidents, and 54% have suffered a financial loss, according to the latest independent research from Close Brothers Asset Finance.<\/p>\n\n\n\n

The research also shows that 65% (UK average: 52%) of M&E business owners have invested in staff training to help prevent cyber attacks, and a further 60% have paid for additional cyber security in the past 12 months.<\/p>\n\n\n\n

Trust in banks\u2019 IT systems is quite high at 76%.  <\/p>\n\n\n\n

Has your firm suffered any of the following cyber-attacks:<\/p>\n\n\n\n

*<\/strong> Yes, Ransomware attack\u00a0 \u00a0 22% (UK: 17%)<\/p>\n\n\n\n

* Yes, Denial of Service (DoS) Data breach\u00a0 12% (UK: 9%)<\/p>\n\n\n\n

* Yes, Phishing attack\u00a0 \u00a0 12% (UK: 10%)<\/p>\n\n\n\n

* Yes, Malware attack\u00a0 \u00a0 6% (UK: 4%)<\/p>\n\n\n\n

* Yes, a combination of these cyber-attacks\u00a0 \u00a0 7% (UK: 5%)<\/p>\n\n\n\n

* No\u00a0 \u00a0 41% (UK: 55%)<\/p>\n\n\n\n

\u201cIt\u2019s well documented that many businesses of all sizes have at some point suffered some form of cyber-attack, whether it\u2019s a ransomware or phishing attack,\u201d said Steve Gee, CEO of Close Brothers\u2019 Industrial Equipment Division. \u201cWhat our research shows is that company owners are not only more aware of the dangers posed by cyber-attacks but are taking action by investing in training or additional security, or a combination of the <\/p>\n\n\n\n

\u201cThis clearly doesn\u2019t some cheap but the potential losses \u2013 financial and reputational \u2013 means it\u2019s something all business owners will increasingly have to consider, if they haven\u2019t already.\u201d  <\/p>\n\n\n\n

Methodology<\/strong><\/p>\n\n\n\n

All figures, unless otherwise stated, are from a Kantar survey conducted in late February 2022. The survey canvassed the opinion of over 900 SME owners across the UK and Ireland and across several industries on a range of issues affecting their businesses.<\/p>\n\n\n\n

http:\/\/www.closeassetfinance.co.uk\/industry-insights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Three in five of the UK\u2019s Manufacturing and Engineering firms (M&E) have suffered a cyber attack (UK average: 45%), with ransomware attacks the most frequently experienced, followed by phishing emails and denial of service (DoS) data breaches. Of those firms who have suffered a cyber-attack, 68% have been the subject of increased incidents, and 54% …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[9585,10165,8042],"class_list":["post-21588","post","type-post","status-publish","format-standard","","category-news-views-and-opinion","tag-close-brothers-asset-finance","tag-close-brothers-industrial-equipment-division","tag-cyber-attacks-2"],"yoast_head":"\nCyber attacks on the increase for many of the UK\u2019s manufacturing and engineering firms - Engineer News Network<\/title>\n<meta name=\"description\" content=\"Three in five manufacturing and engineering firms have suffered a cyber-attack; 76% trust their bank\u2019s IT systems; 65% have invested in staff training to help prevent attacks\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.engineernewsnetwork.com\/blog\/cyber-attacks-on-the-increase-for-many-of-the-uks-manufacturing-and-engineering-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cyber attacks on the increase for many of the UK\u2019s manufacturing and engineering firms - Engineer News Network\" \/>\n<meta property=\"og:description\" content=\"Three in five manufacturing and engineering firms have suffered a cyber-attack; 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