{"id":6071,"date":"2021-02-03T15:44:17","date_gmt":"2021-02-03T15:44:17","guid":{"rendered":"https:\/\/www.conferencecall.co.uk\/blog\/?p=6071"},"modified":"2021-06-15T10:49:17","modified_gmt":"2021-06-15T09:49:17","slug":"what-will-be-the-biggest-cyber-security-threats-of-2021","status":"publish","type":"post","link":"https:\/\/www.conferencecall.co.uk\/blog\/what-will-be-the-biggest-cyber-security-threats-of-2021\/","title":{"rendered":"What will be the biggest cyber security threats of 2021"},"content":{"rendered":"

Becoming the victim of online fraud or a cyber attack<\/a> is the last thing any business owner needs, not least in the middle of a global crisis that has taken its toll both personally and professionally.<\/p>\n

But that’s exactly what’s happened, as a new study has found that nearly half (41%) of UK business owners say the level of cyber threats their business faces has increased since the pandemic.<\/p>\n

The findings also give us an insight into the common types of cyber attack that you should look out for as we move through 2021.<\/p>\n

<\/p>\n

What’s the problem?<\/h2>\n

A new report from Mactavish<\/a>, the specialist outsourced insurance buyer and claims resolution expert, has revealed that 21% of businesses say they have suffered a cyber related loss in the last three years, and just over two thirds (69%) say this happened in the past 12 months.<\/span><\/p>\n

The study of conducted at the end of 2019 identified eight key weaknesses in many cyber insurance policies, including cover being limited to events triggered by attacks or unauthorised activity \u2013 excluding cover for losses caused by accidental errors or omissions.\u00a0 <\/span><\/p>\n

Another flaw is that several policies provide limited cover for data breach costs e.g., covering costs that the business is legally required to incur as opposed to the much greater costs incurred in practice.<\/span><\/p>\n

Mactavish\u2019s research found that 41% of businesses interviewed claim that since the Coronavirus crisis started, the level of potential cyber-attacks they are facing has increased.\u00a0 Of those businesses interviewed who have suffered a cyber-attack in the past three years, 69% said its impact was significant or very significant.\u00a0\u00a0<\/span><\/p>\n

Some 67% of managers and senior executives interviewed are now more worried about cyber attacks than they were three years ago.<\/span><\/p>\n

What are the most common types of cyber attack?<\/h2>\n

The study also identified the most common types of cyber attack suffered by business, and found the following:<\/p>\n