The Institute of Chartered Secretaries & Administrators (ICSA) recently published the results of its Information Security Breaches Survey (2013). Of the respondents, 93% of large organisations and 87% of small businesses reported experiencing security breaches in the last 12 months. It's estimated that the cost to businesses of cyber crime has tripled in the past year.
As registered office address to more than 200 companies, every week we receive correspondence from disreputable organisations addressed to our clients. For example, we find some who claim that they can register your web domain or renew your trademark. These particular letters are cleverly designed to look like an invoice which is payable immediately. Needless to say, these make their way to our confidential waste bins.
We're confident that our personal handling of correspondence received here on behalf of our clients ensures that we don't put their security at risk. What started as a mail forwarding service in the dim and distant past now has the added value of acting as another line of protection from the scammers out there. Cyber-fraud can result in monetary loss or loss of clients, and can adversely affect share price, mergers, pricing, reputation, culture, brand, staff, technology….the list goes on.
It's a risk of which the board of even the smallest company should be aware, and should tackle robustly. The ICSA provides a guide to recognising and controlling cyber risk, and points out that this is not simply an IT issue. We'd be happy to help with your risk management on this front, either by acting as your registered office or by putting you in touch with appropriate IT professionals.