cyber-attacks

FSB Say Businesses Must Invest In Cyber Security

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... »

38% Of All Cyber Attacks Completely “Avoidable”, As Business Owners Blamed For Failing To Warn Staff

38% Of All Cyber Attacks Completely “Avoidable”, As Business Owners Blamed For Failing To Warn Staff

38% of all cyberattacks on businesses in 2016 were completely “avoidable” and would have been prevented if staff has been trained properly, according to a report by CFC Underwriting. The survey of 254 UK small firms revealed that a significant number of attacks made by cyber-criminals were “phishing scams” – where hackers send emails to businesses purporting to be from a reputable company in order to extract sensitive data like credit card numbers. A relatively mundane attempt at fraud, fingers are being pointing at business owners for failing to educate and warn staff about such risks. Indeed, 27% of respondents admitted to never training their staff on issues of cyber security because they “didn’t know where to start” – suggesting business owners themselves are in need of more education ... »

43% of All Cyber Attacks Targeted at Small Businesses

43% of All Cyber Attacks Targeted at Small Businesses

43% of all cyber-attacks last year were targeted at small businesses with less than 250 staff, according to a report by Symantec. The survey found that, as larger corporations have increased their online security, smaller firms have now become a more attractive target for hackers with many viewing them as a ‘back door’ to larger corporations. 500 million digital identities were stolen in 2015, while ransomware attacks were up 35% and technical support scams have increased by 200% year-on-year. The vast majority of cyber-attacks were carried out by gangs posing as software companies in an attempt to trick unsuspecting businesses into sharing sensitive data, with some criminals even setting up call centres specifically to fraud business people. Earlier this year, it was revealed that 44% of ... »

Small Businesses “Don’t Believe” They’re at Risk of Cyber Crime

Small Businesses “Don’t Believe” They’re at Risk of Cyber Crime

Two in five UK businesses (44%) don’t believe they are at risk of cyber-crime while more than a third would not know what to do if they became victims, according to a new report by Aviva. Despite the perceived lack of risk, the study found that more than one-third of businesses have suffered a cyber-attack with almost a quarter of business owners (23%) admitting to being unaware of how to protect themselves from a security breach. For those small firms which haves suffered a cyber-crime, 75% said it cost up to £1,000 to put things right. Between May and August of last year, there were a reported two and a half million incidents of cyber-crime. This report comes only a week after it was revealed more than a half of small businesses are at “high risk” of a security breach. Angus Eaton, manag... »