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... »

Tax-rebate Phishing on the Rise, Warns HMRC

Phishing emails offering tax rebates and claiming to be from HM Revenue & Customs (HMRC) have tripled on this time last year, the tax body has warned. More than 24,000 scam emails claiming to be from the HMRC were reported in August 2011 alone — a 300 per cent increase on the same month last year. The phishing emails, which often look legitimate, provide a link to a cloned replica of the HMRC website. The recipient is then asked to provide credit or debit card details, which are used to empty the victim’s bank account. HMRC warned that anyone receiving an email claiming they are due a tax repayment should not follow the email’s instructions. The organisation said that it never offers refunds by email, only conducts such business by post and never asks for credit card ... »

Protect your Business from Security Threats

Small firms Unaware of IT Security Threats

Small businesses are leaving themselves vulnerable to IT security risks because they are not aware of new cyber threats, IT firm Symantec has warned. A Symantec survey of more than 800 small firms revealed that while most SMEs are aware of common everyday threats such as IT viruses and spam, 67% were unfamiliar with ‘minnowing’ and 65% had not heard of ‘whaling’. Both threats are forms of ‘phishing’ that target either the bottom end of the organisation (‘minnowing’), or senior management (‘whaling’), for sensitive information that can then be re–sold. “Small businesses are aware of some of the threats posed in the modern computer era, but they rarely deploy the correct infrastructure to help them cope with new threats,... »

Equifax PDF

Email Tax Scam Targets Small Firms

Small businesses have been warned not to be taken in by a fake email purporting to be from HM Revenue & Customs (HMRC) promising a tax refund in exchange for bank details. The Institute of Chartered Accountants in England and Wales (ICAEW) has issued the caution after a number of businesses were taken in by the ‘phishing’ attack and gave out credit card or bank details. The head of the ICAEW’s tax faculty, Frank Haskew said: “Alarm bells should ring when you are asked to submit your credit card details – this is information you should not give out to anybody. HMRC never asks for this information but fraudsters are becoming increasingly savvy and the ‘tax refund’ document looks very convincing at first glance. “As people are getting ready ... »