product director at Barclaycard

Cyber Crime is a ‘Growing Threat’ for Small Businesses

Cyber Crime is a ‘Growing Threat’ for Small Businesses

Small businesses in the UK are becoming increasingly vulnerable to the ‘growing threat’ of cyber crime as many fail to implement adequate security measures, new research from Barclaycard has revealed. The survey of 250 small businesses found that just 20% see cyber security as a priority while an incredible 10% have never invested in any protective measures – 20% of business owners admitted they had only reviewed their cyber security after falling victim to an attack. Almost 50% of the businesses surveyed said they had been hit by at least one cyber-attack in the past year, with 10% experiencing more than four attacks. According to the study, businesses who fail to tighten up their security could be on the receiving end of some large financial losses with cyber attacks said to cost U... »