Reducing cyber risk: A quick guide for businesses

Cyber risk is one of the biggest risks any firm faces in terms of impact. While technology and software offer a certain amount of protection, the people aspect makes us all vulnerable. Training, awareness and vigilance of staff at all levels within the organisation is a necessity.

What do we mean by cyber risk?

Cyber risk refers to any risk of financial loss, disruption or damage to the reputation of an organisation resulting from breaches or attacks on information systems.

Cyber risk could materialise in a number of ways such as:

  • Deliberate and unauthorised breaches of security to gain access to systems
  • Accidental breaches of security
  • Operational IT risks due to factors such as poor system integrity
The threat landscape

According to the UK Government's Cyber Security Breaches Survey 2019 (carried out by the Department for Digital, Culture, Media & Sport), around a third (32%) of businesses reported having a cyber security breach or attack in the last 12 months. This is much higher among medium businesses (60%) and large businesses (61%).

The threat is constant, and severe.

What can your business do?

MacRoberts' short guide to reducing cyber risk contains some top tips on cyber security and good practice, and an outline of what you should do in the event of a cyber incident.

Please click here to download our guide.

GDPR & Cyber Security

Cyber security and key changes under the GDPR and UK Data Protection Act 2018 affect almost all businesses. Our online hub contains a wealth of information and insights on what your businesses should be doing to ensure full compliance with the law.

Latest updates from @MacRoberts

  • MacRoberts is recruiting! We currently have a vacancy for a Senior solicitor/associate to join our Private Client… 9 hours ago
  • This week on our new IGTV mini-series, giving an insight into what it’s like to begin a legal career during the pan… 23/06/2021
  • Would you like to work at one of Scotland’s leading law firms? We currently have a number of opportunities availabl… 21/06/2021
  • We currently have a vacancy for a Customer Due Diligence Administrator based in Glasgow or Edinburgh. Please shar… 18/06/2021
  • Maya Forstater received a lot of media attention around her tweets relating to her beliefs about sex, resulting in… 18/06/2021
  • Applications for our traineeships starting in 2023 are now open! Get your legal career off to the best possible sta… 18/06/2021
  • RT @DundeeAndAngus: Leading Scottish commercial law firm, @MacRoberts has advised BAM on the ‘game-changing’ Atlantic Square development in… 16/06/2021
  • This week on our new IGTV mini-series, giving an insight into what it’s like to begin a legal career during the pan… 16/06/2021
  • Self-employed status: What does the Uber case really mean? 🚖 Kenny Scott explains what the recent ruling means for… 16/06/2021
  • What is the Scottish #gin industry doing to improve #sustainability? Following #WorldGinDay celebrations over the w… 15/06/2021
  • The European Commission has adopted & published versions of two new sets of Standard Contractual Clauses. What ch… 15/06/2021
  • What impact could Ireland High Court's decision to reject an action by Facebook to block an inquiry by the Irish… 14/06/2021
  • Wishing all of our followers a happy #WorldGinDay! ICYMI: Earlier this week, we were delighted to catch up with… 12/06/2021
  • We're #hiring! We have a #vacancy for a Senior #Solicitor or Associate to join our IP, Technology & Commercial team… 10/06/2021
  • Dealing with an employee's misconduct when that employee contends it is linked to a disability can be tricky - read… 09/06/2021