small business cyber attacks

74% of UK Businesses Have Inadequate Cyber Security Measures

74% of UK Businesses Have Inadequate Cyber Security Measures

74% of UK businesses are not doing enough to protect against cyber-attacks and data breaches, according to a survey of 500 IT managers by business solutions provider Office Depot. Skills shortages and poor allocation of resources seem to be major factors, with 81% of managers of the view that their businesses would benefit from having more time and resources to address cyber security problems. IT managers have claimed that over 33% of their time is spent dealing with low level issues such as fixing printers and document recovery, leaving little time for more complex tasks such as data security. See also: How to arm your business against cyber security attacks The allocation of these low level tasks to senior IT professionals is estimated to cost companies more than £4.2bn every year – mone... »

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... »