Research undertaken by Crowe UK, KYND and University of Portsmouth’s Centre for Counter Fraud Studies found that the vast majority of the top 200 AIM businesses have significant unaddressed cyber risks. Unfortunately, the risks identified are not just limited to the top 200 AIM businesses and are also likely to exist in similar companies.
The cyber landscape is becoming increasingly complex, particularly now we're seeing increased strain from fraud and cybercrime pressures related to the current COVID-19 pandemic. Fraud and cybercrime is expected to surge over 60% in the coming months. Keeping pace with the evolution of cyber threats is becoming ever more challenging and important. This was evidenced in the report's key findings.
- 91.5% exposed to email spoofing
- 47.5% have at least one external internet service exposed, placing them at higher risk of ransomware attack
- 85% using services with well-known vulnerability to cyber attack
- 41.5% using vulnerable out of date software
- 31.5% operating with at least one expired, revoked, or distrusted security certificate
- 64% companies with at least on domain registered to personal email address.