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SMEs failing to guard against cyber attacks

Technology

The Government's Cyber Streetwise campaign has issued a warning that SMEs are putting a third of their revenue at risk because of common misconceptions about cyber security, including the mistaken assumption that only companies taking payments online are at risk of cybercrime and that small companies aren't a target for hackers. A quarter of 1,000 small businesses quizzed said they think cyber security is too expensive to implement and a fifth admitted they 'don't know where to start'. Officials offered some basic advice as an important measure to deter criminals, including the use of strong passwords, keeping software up to date and deleting suspicious emails. A third of small businesses suffered a cyber-attack from someone outside their business last year. The average cost of a major security breach is between £65,000 and £115,000 and can result in a business being put out of action for up to 10 days, Government figures estimate.

 

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