Cyber Loss Prevention Forum Launched to Tackle Rising Costs to Business of Cyber Attacks and Fraud

Riskworks have teamed with security software and fraud prevention experts VaultConnect to help business leaders better understand their exposure and how to reduce the total cost of fraud and cyber attack.

According to the Cyber Security Breaches Survey 2018, almost half of UK businesses suffered a cyber-attack or security breach in the last financial year.

According to a survey by the Federation of Small Businesses, the UK’s 5.4 million small businesses are collectively attacked more than seven million times a year – this costs the UK economy a staggering £5.26bn.

Calling upon the network of professionals they work with to help their clients as well as their own expertise, Riskworks and VaultConnect will host a series of webinars and publish guides and advice.

The Forum’s aim is to deliver actionable insights and pragmatic, non-technical information to help businesses to reduce the total cost of cybersecurity and fraud prevention.

Jonathan Davies – Cyber Risk Specialist at Riskworks says ‘ There is a growing awareness of cyber threat, but a lot of businesses don’t realise just how much an incident can cost.  The impact of which can stretch far further than a cash loss or a system outage. This can lead to firms being overexposed and under protected’.

Richard Higginbotham – Product and Professional Services Director at VaultConnect, agrees there is a lack of understanding ‘ For many business owners and directors, cybersecurity is something dealt with by things like firewalls and anti-virus scans managed by their IT department or external provider.  The reality is that cybercriminals target weaknesses in process and procedure, meaning that staff and their day to day activities create the risk’.


All events are online and free to attend.  The next event will be Thursday 28th March 2019 at 2pm ‘Your biggest threat wears shoes’.  Our keynote speaker will be Nick Holden from Nexus Media. Notifications and registration will be open shortly and shared online.

You can view and listen to recent webinars on the cyber liability website here

For more information please contact Jonathan Davies on 01625 547754 or email