Intelligent CXO Issue 22 | Page 9

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Cyberattacks : the most dangerous month for businesses revealed

Small business cloud hosting provider , Cloudways , a DigitalOcean company , has analysed cybersecurity data to reveal which time of year businesses experience the most cyberattacks , making that period the most dangerous month for businesses ’ cybersecurity .

Security is paramount for creating a successful business and building customer trust . One study showed that 45 % of customers would not use a company if their data was compromised in a cyberattack . Online retailers and businesses need to ensure their cybersecurity is watertight to protect their customers ’ valuable data – especially when they ’ re looking to drive sales and conversions . But e-commerce businesses be warned : the most dangerous months for cybersecurity may be during your peak sales season . The study names February , March , October and December as the most dangerous season for cyberattacks .
October , November and December also rank highly as dangerous months for cyberattacks .
Extra caution needs to be taken by small businesses as their websites are the most vulnerable on the Internet . Sixty percent of SMBs fall victim to a cyberattack within the first six months of operations .
The research by Cloudways identified February as one of the most high-risk months , with an average of 83 companies breached every year , leading to an average of 767,475,033 breached records .
To make matters worse for businesses , February and the new year is preceded by three other high-risk cyberattack months .

Number of newly incorporated UK businesses sees uptick in 2022 , despite challenging economy

Analysis of data from Companies

House reveals 774,420 new businesses were registered in the UK last year , up 3.5 % from 2021 . The number of new UK businesses incorporated in the full year of 2022 was also 19 % higher than five years previously , according to analysis of Companies House data by B2B PR agency , Definition .
However , the data also suggests a significant slowdown in this growth rate over the last two years , most likely as a result of the impact of the COVID-19 pandemic and an uncertain economic environment .
In 2020 , there were 13 % more businesses registered than the previous year , compared to just a 3.5 % increase between
2021 and 2022 . In fact , 2021 was the only time during the five-year period in which the number of newly incorporated businesses was lower than in the previous year .
Online retail remained the most commonly registered type of business last year , with the annual number being 225 % higher than in 2018 .
The data further reveals that online retail leapt from ninth most popular category in 2019 to reach the top spot in 2020 , replacing management consultancy .
The top five most popular types of business incorporated in 2022 were : retail sale via mail order houses or via Internet ; buying and selling of own real estate ; other letting and operating of own or leased real estate ; management consultancy activities other than financial management and freight transport by road .
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