The Channel logo


By | John Leyden 14th June 2016 13:34

Half of Brit small biz hit by cyber crime. 10% spend zilch on infosec

See no evil, hear no evil, suffer evil

Almost half (48 per cent) of Britain's small businesses were hit by cyber-crime in the last year, with 10 per cent targeted many times.

Despite this only one in five see cybersecurity as a business priority, and just 15 per cent are confident that they have adequate measures in place to prevent cybercrime, according to a Barclaycard-sponsored study.

Ten per cent of the 250 small businesses surveyed have never invested in improving website security.

The consequences of cyber-attack include business disruption, lost sales, recovery of assets, fines and compensation.

Andy Herrington, head of cyber professional services at Fujitsu UK and Ireland, said that SMEs need to realise that they’re a target of DDoS, hacking and malware attacks just like bigger firms.

“Small business are often part of larger organisations’ supply chains and are therefore a target entry point. Successful small businesses should recognise that good basic security practice is a ‘differentiator’ for them as a supplier and will be key in building the trust of their clients,” he added.

Geoff White, an underwriter at Lloyd’s, said: “The Barclaycard survey findings that SMEs are still not prioritising cyber security is disappointing. Although many UK businesses are not aware of how exposed they are, technology is so fundamental to how businesses run that cyber-attack is a risk regardless of size or industry.

“There’s no such thing as perfect cyber security, and, with the introduction of the new EU regulations, small businesses will be financially impacted." ®

comment icon Read 8 comments on this article or post a comment alert Send corrections


Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


Suit-and-tie-wearing man tries to meditate, take deep breaths in faux yoga pose. Photo by Shutterstock
Emotional intelligence, not tech skills, is the way to woo suits
League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe