Cyber Essentials positive impact
The evidence is now clear and unequivocal – Businesses that adopt Cyber Essentials experience a huge reduction in cyber incidents.
IASME (Information Assurance for Small and Medium Enterprises), who oversee the CE scheme, has been gathering data from insurance companies. The results are eye-opening.
Insurance data indicates that certified organisations are 92% less likely to make a cyber insurance claim than those without the certification. Additionally, implementing the scheme’s core controls can prevent around 80% of common cyber attacks, according to IT Governance Ltd. Here’s a more detailed breakdown:
Reduced Cyber Insurance Claims
The Cyber Essentials certification is associated with a substantial decrease in the likelihood of needing to file a cyber insurance claim.
Prevention of Common Attacks
The scheme’s technical controls are designed to stop the vast majority of basic, “commodity” cyber attacks.
Third-Party Risk Management
Cyber Essentials is also used as a tool to manage risks within supply chains, leading to fewer cyber incidents overall.
Specific Case Study
The financial services company, St. James’s Place, saw an 80% reduction in cyber incidents after requiring its partners to become Cyber Essentials Plus certified, according to IASME.
So, the data and evidence are compelling. If you would like to get started on your Cyber Essentials journey, contact Fresh Mango today.
