The UK energy industry spends around £265m a year to protect itself against data breaches and system outages.

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The UK energy industry spends around £265m a year to protect itself against data breaches and system outages.

The UK energy industry spends around £265m a year to protect itself against data breaches and system outages.

Yet 94 per cent of the sector has seen an increase in the number of breaches over the last five years, with 30 per cent having battled an online security breach in the past 12 months,

These are the key findings of research from cybersecurity company AVORD, which this week has launched a new security testing platform.

Brian Harrison, founder and chief executive of AVORD, said the findings “put the spotlight firmly on the security testing market, which is dominated by consultancies who provide services to businesses, sometimes at twice the daily rate of an independent tester – often referred to as ethical hackers. With 74 per cent of UK businesses claiming the cost of testing is too expensive, there is a clear demand for change.”

https://www.locke-mccloud.com/news/2019/01/the-uk-energy-industry-spends-around-265m-a-year-to-protect-itself-against-data-breaches-and-system-outages/37