Less than a quarter of third sector organisations have introduced proportionate risk management software, security monitoring tools and cyber insurance, despite 57 per cent reporting a concern about the rising threat of cyber crime to their organisation.

This is amongst the findings of research commissioned by Endsleigh Insurance, which suggests that 27% of charities have been a target of cyber crime in the last 12 months. The Rewarding Industries 2023 report found that just a third of charities reported being insured.

“Third sector organisations hold extremely sensitive data, which can be devastating if they fall victim to data breaches, potentially putting vulnerable people at risk,” said Alison Meckiffe, CEO Endsleigh Insurance. “Cyber fraud is also a huge cause for concern for the sector as many move towards digital fundraising models.”

The most popular uses of technology within the third sector include the adoption of technology to support new fundraising efforts (40 per cent), increasing the amount of fundraising happening online (33 per cent), investment in digital payments systems (32 per cent) and the use of online games to encourage donations (27 per cent).

Endsleigh commissioned Censuswide to survey over 300 financial decision makers across charities, social enterprises and not-for-profit organisations. The survey and interviews took place between 20th April and 3rd May 2023.

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