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In a startling revelation, a recent survey by the Digital Security Authority has found that one in two people in Cyprus fell victim to a cyber attack in 2024. Nearly 47% of businesses were also attacked or breached in the past 12 months, underscoring a significant and growing threat to the island's digital security.
The surveys, conducted between September and October 2024, sampled 1,001 citizens and 450 businesses across various sectors. The findings were unveiled during a meeting of stakeholders and authorities on November 19, painting a grim picture of Cyprus’s vulnerability to cyber threats.
The survey targeting citizens revealed that 49% experienced an average of 28.5 cyber attacks or breaches over the past year. Among them, 13% faced financial losses, averaging €62 per victim. Although the number of attacks has risen from 25.9 to 28.5 compared to previous years, the financial cost has decreased slightly. This reduction is attributed to improved awareness and the ability to identify fraudulent activities.
The most common type of attack targeting individuals was phishing, affecting 39% of those surveyed. Interestingly, even among those who avoided an attack, 87% believe they could still become victims in the future.
The survey found that 47% of businesses were attacked or breached in the last 12 months, with an alarming frequency of one attack every 10 days on average. Phishing was again the most prevalent form of attack, accounting for 40% of incidents, and 71% of the most recent attacks reported by businesses.
Financially, these attacks took a significant toll. Over half (56%) of businesses that suffered a breach reported an average loss of €12,000.
To address this escalating issue, the Digital Security Authority announced plans to launch training seminars aimed at improving cybersecurity knowledge for both citizens and businesses. Awareness campaigns are also in the pipeline to equip people with skills to combat phishing and other cyber threats.
The surveys highlight the urgent need for vigilance, education, and proactive measures to safeguard against cybercriminals. With 50% of the population and almost half the business sector affected, cybersecurity in Cyprus has become a critical concern for 2024 and beyond.
With information from CNA
