cybercrime

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 ... »