More than half of UK businesses have increased their cybersecurity spending since the country’s vote to exit the EU in 2016, according to a study.
A survey completed by over 1,000 senior IT decision-makers shows that 53% of UK businesses boosted their expenditure, this survey was made by security firm Clearswift.
The biggest changed were shown to be made by professional services and manufacturing organisations.
The data also revealed that the most common attacks were those involving malware (cited by 49% of respondents), followed by publishing and ransomware (both 40%).
Clearswift belives that the confusion with Brexit will provide opportunities to cybercriminals looking to obtain critical data and breach companies security.
Many of the threats centre on malicious players accessing sensitive information, with respondents identifying data loss prevention and regulatory compliance solutions (49%) as priority areas for investment post-Brexit, followed by endpoint security (43 %).
Clearswift CTO Guy Bunker said: “It is critical for organisations to keep up with how cyber threats are evolving. For example, images are now a high risk to organisations – sensitive data can be hidden inside everyday image files and then readily exfiltrated through email.”
The research showed that there is a likely increase in phishing and attacks that compromise business email systems and Bunker called for the UK to review its security practices and address any weaknesses.
“A key focus for organisations to migrate cyber risks is to start inside the organisation,” he said.
It has been suggested by Bunker that businesses should include threat awareness programmes and security training for its staff, as well as adapting their processes to aid secure handling of critical and sensitive information. He also suggests that a safety net could be provided for accidents or malicious behavior by using suitable technology.