In a recent survey undertaken in partnership with specialist insurer Markel, Third Sector Insight asked over 200 senior charity employees how prepared their charity is against cyber and data risks.
The results were surprising with only 14 per cent believing their charity was very well protected against cyber and data breaches. Whilst it may be difficult for charities to prioritise spending time and money on information security the results of a cyber or data breach could have a significant impact on a charity's finances.
According to the Information Commissioner’s Office, data breach instances rose 35 per cent between Q2 and Q3 last year.
Charities can no longer treat data and cyber security as an afterthought – it must be at the forefront of policy.
The results from the survey have been put into report which is available on the Third Sector Insights website. This report offers insight into the risks and responsibilities charities face when confronted with cyber attacks or data security breaches, as well as what they need to do to ensure they are best equipped to manage such a crisis.