Half of small firms in the UK victim of cyber crime

Half of small firms in the UK victim of cyber crime

Close to half (48%) of small firms in the UK were affected by a cyber attack within the past 12 months, with 10% hit on multiple occasions.

In spite of this, however, just 20% view cyber security as a priority. Only 15% believe that they have necessary precautions in place for the prevention of an attack, says a recent study sponsored by Barclaycard.

Further, 10% of the small firms surveyed (250) have never parted with funds to improve the security on their website.

The effects of cyber crime on a business include fines, compensation, having to recover assets, lost sales, and business disruption.

Fujitsu UK and Ireland chief of cyber professional services, Andy Herrington, said that small businesses need to wake up to the fact that they are being targetted by malware, hacking, and DDos attacks, and that it isn’t just larger firms who need to show caution.

He said:

“Small business are often part of larger organisations’ supply chains and are therefore a target entry point. Successful small businesses should recognise that good basic security practice is a ‘differentiator’ for them as a supplier and will be key in building the trust of their clients.”

Small businesses may not have as many customer records to lose as a larger firm, but any data they do lose could have a detrimental effect. One of the first moves that a business should make is to post cyber security jobs to ensure that they have someone on board to make their company more secure against a potential attack. It may just be one of the best investments a business can make.

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