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Report uncovers serious lack of employee cyber training

Tue 16, 01 2018

A new survey from Accenture has revealed that 55% of workers in the UK could not remember ever having received training on cybersecurity.

The consultancy’s Cyber Threatscape Report also highlights that 19% of workers are not sure that they would be able to identify a phishing email if they received it.

The consultancy’s Cyber Threatscape Report also highlights that 19% of workers are not sure that they would be able to identify a phishing email if they received it - Cyber Threatscape Report Click To Tweet

This renders the organisations they work for highly vulnerable to fraud, information theft and other cyber-enabled crime, however sophisticated their technical security solutions may be.

Advising that structured training could be key to reducing the threat, Accenture points out that the average cost of cybercrime to businesses in the UK has increased by 19% over the last year to £6.4 million. Improved staff training would also reduce the amount of money spent on dealing with breaches after they occur – often damaging revenues, reputation and the integrity of customer and employee data.

The survey also finds that 70% of employees who did receive training reported an improvement in their ability to respond to cyber threats. One in four thought that training was more effective against phishing scams than the authorities tracking down the perpetrators.

The survey also finds that 70% of employees who did receive training reported an improvement in their ability to respond to cyber threats - Cyber Threatscape Report Click To Tweet

Rick Hemsley, Managing Director of Accenture Security, said: “Large businesses in the UK can expect to face more than 80 cyberattacks each year, with one in three breaching security.

Large businesses in the UK can expect to face more than 80 cyberattacks each year, with one in three breaching security - Rick Hemsley, Managing Director of Accenture Security Click To Tweet

“It’s therefore no surprise that companies are investing more than ever in security solutions. However, this research shows that no matter how much they spend, businesses that fail to educate staff about cybersecurity put themselves at greater risk of being hacked. 

“Effective investment will not only enable practical solutions like stronger spam filters, cloud-based email analytics, virus scanners and firewalls. It will ensure employees have the tools they need to recognise threats, including phishing scams, through prevention training and awareness programmes. Ultimately, an organisation’s security is only as strong as its weakest link, which in many cases could be its own workforce.” 

2018 VAT rate changes

Below is a summary of the principle VAT rate changes in the European Union and the rest of the world on 1 January 2018. Find details of 2018 EU VAT rates for the 28 member states or International VAT and GST rates 2018.

A reported VAT rise in South Sudan is to be confirmed.

 

Country VAT change
Cyprus Imposition of 19% standard VAT rate on land transactions for business use
Latvia Introduction of Super Reduced 5% VAT rate
Liechtenstein VAT rate cut to 7.7%
Lebanon Increases VAT to 11%
Montenegro Raises VAT to 21%
Norway Reduced VAT rate increased to 12%
Saudi Arabia Introduction of 5% VAT 1 Jan
Switzerland VAT rate cut to 7.7%
Tunisia Raises VAT to 19%
United Arab Emirates Introduction of 5% VAT 1 Jan
Vanuatu Raises VAT to 15%

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