small business 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... »

61% Of Businesses Believe They’ll Be Victims Of Cybercrime In 2017

61% Of Businesses Believe They’ll Be Victims Of Cybercrime In 2017

61% of UK small businesses believe they’ll be the victim of an attack by cybercriminals in 2017, according to research by Mimecast. The survey of 800 IT decision makers has revealed that business owners’ worst fears are soon being realised, as 57% of UK enterprises have reported a rise in phishing emails in the past three months – with 47% targeted specifically at their organisation or an individual. When it comes to anticipating an attack, 73% believe a malicious attachment in an email will be the most likely way they’ll be infected by ransomware. This news comes just days after the Queen officially launched the National Cyber Security Centre (NCSC) in London. Helping to back a £2bn government effort to fight cybercrime, the centre is part of intelligence agency Government Com... »

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... »