Why are you not Cyber Essentials certified yet?
“Only 30% of the enterprises mentioned implementing changes to cyber security because of GDPR.” - Cyber Security Breaches Survey 2019
Per the Cyber Security Breaches Survey 2019, the average cost of all breaches identified in the last 12 months for small enterprises was £1,210 while for medium enterprises, it was £3,770. Also, around 32% of enterprises reported having cyber security breaches in the last 12 months.
To meet these cyber security challenges, the UK government has implemented a range of schemes and initiatives. Of all the initiatives, Cyber Essentials is possibly the most useful for SMEs. According to a report by NIG, almost 80% of data breaches can be prevented by implementing Cyber Essentials. This initiative brings many benefits to enterprises looking to get certified; here are the five most important benefits:
- Helps build clients’ trust: Around 60% of UK clients would stop doing business with a breached enterprise per a report by KPMG. Cyber Essentials certified SMEs would have a competitive advantage. Cyber Essentials certification becomes even more important for SMEs using and storing personal data like medical records, financial information, and other sensitive data.
- Improves operational efficiency: Without a clear and consistent plan, a great extent of time, money and resources are spent on patching security systems as and when they arise. There is an inevitable loss in employee time during the restoration of services, particularly for IT staff. Cyber Essentials certification will allow both technical and non-technical staff to remain productive and efficient by focusing on the core business needs rather than continually stopping to patch things up.
- Creates an opportunity to audit the internal security system: The effects of a severe data breach on an enterprise could be devastating. Not only financially, but also in terms of brand image and reputation. Cyber Essentials requires an enterprise to assess their systems against the 5 key pillars, document evidence of compliance, then have this approved by an independent Certification Body and subsequently an Accreditation Body who have been approved by the National Cyber Security Centre (NCSC). This level of scrutiny on an enterprise’s security policies will detect security vulnerabilities and elevate the enterprise’s security substantially.
- Better chance of winning government contracts: The UK Government since October 2014, requires all enterprises bidding for contracts which require handling of sensitive and personal data or the provision of technical products and services to be Cyber Essentials certified.
- Improves cyber defence: Cybercriminals are trying to steal data, money, or cause severe business disruption to SMEs almost every day. Implementing Cyber Essentials is a great way for SMEs to approach cyber threats and is a very important first step in addressing cyber security threats. The Cyber Essentials initiative includes highly effective precautions such as using strong and secure passwords, limiting access to sensitive information, software updates, malware protection, firewall management, user account control and good security policies which help bind this all together for a security strategy which lasts well beyond the day of certification.
m3 Networks is a Cyber Essentials Plus certified company with several Accredited Cyber Essentials (ACE) Practitioners on staff. We can provide advice and services to your enterprise in order to help you get Cyber Essentials certified and take you well beyond certification to elevate your businesses security to where it needs to be. Speak to our expert to find out more information about Cyber Essentials.