FSB Say Businesses Must Invest In Cyber Security

Seven million cyber crimes are committed against UK small firms every year, with victims paying an average of £3,000 to repair the damage

FSB Say Businesses Must Invest In Cyber Security

UK small businesses have been strongly urged to invest in cyber security, as many of their larger counterparts are still suffering in the wake of last week’s global ransomware attack.

The Federation of Small Businesses (fsb), which was briefed by the National Cyber Security Centre on specific small firm concerns, has said businesses should also take out necessary insurance and avail of its expert cyber advice line for more information.

Seven million cyber crimes are committed against UK small firms every year, with victims paying an average of £3,000 and 2.2 working days to repair the damage.

With these stats equating to 19,000 attacks everyday, the threat is a very real one.

Top 10 Essential IT Security Questions You Need To Ask Yourself

Dave Stallon, commercial director at fsb, commented:

“We are raising the alarm with the UK’s 5.5 million-strong small business community. It is vital that small businesses and the self-employed prioritise this, and that they do it today.

“These businesses have limited resources, time and expertise to deal with the current and growing cybercrime threat but there is specific assistance available. They should follow our guidance, and do it right now.”

Mike Cherry, fsb national chairman, said:

“The National Cyber Security Centre has warned us that a new working week may bring more cyber ransomware outbreaks. We are urging all small businesses to take steps to reduce the risk of an attack. Businesses should immediately check for updates to their operating systems and anti-malware software and download them where needed.

“We advise small firms to make sure their data is backed up – if the worst happens, data cannot then be held to ransom. Small firms should also keep an eye on the NCSC website and Twitter feed to stay up to date with the latest advice. FSB members have access to specific cyber advice and insurance protection as part of their membership.”

For our guide on how to arm your small business against cyber attacks, click here.

 

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