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Growth in cyber-attacks on SMEs

Paul Weeden

Written by Paul Weeden

Founder & Managing Director at Foration. IT and technology fixer.

[fa icon="clock-o"] 6 August 2014 [fa icon="user"] Paul Weeden [fa icon="folder-open'] security

A recent survey by Kaspersky and B2B International revealed that 94% of companies experienced a cyber-attack in the last 12 months; 3% higher than in 2013.

Despite these statistics, SMEs are failing to prioritise their IT strategy. Only 19% of businesses with less than 25 employees considered their IT strategy a top concern. A common misconception amongst smaller businesses is that cybercriminals are not concerned with companies of their size. In reality, a lack of security controls makes them an attractive target.

The estimated average cost of a data security breach to a UK SME is £48,000 in damages and reactive spend. So how can small businesses protect themselves?

  • Use up-to-date antivirus software and run regular scans
  • Ensure your data is regularly backed up and stored off-line
  • If you are using Windows XP, upgrade your operating system as soon as possible
  • Install patch updates immediately
  • Secure your Cloud and virtual environments
  • Create a security policy and communicate this with employees
  • Protect your mobile devices by backing up data and enabling remote wiping in the case of theft

SMEs are the backbone of the UK economy, accounting for 99% of all private sector businesses. Their data is extremely valuable and any form of security breach could cause significant damage to their business and reputation.

 

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Paul Weeden

Written by Paul Weeden

Founder & Managing Director at Foration. IT and technology fixer.

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