Fact – Cyber attacks are increasingly becoming part of everyday life
Fiction – Cyber criminals only target large companies
It is becoming increasingly apparent that the small to medium sized companies are more and more likely to be attacked by the cyber criminals than the larger ones. According to data compiled by insurance company Zurich in July of last year, 875,000 small to medium sized businesses across the UK have been affected by a cyber-attack over the last 12 months. Just over a fifth of these reported it cost them £10,000 and one in 10 said that it had cost them more than £50,000.
Meanwhile 1,000 UK SMEs were surveyed about how much they were planning to spend on cyber security, almost half of them (49%) admitted that they were looking to spend £1,000 or less on their cyber defences in the next 12 months, while 22% said that they didn’t know what they would spend. Both responses are worrying, and the latter is a concern since 25% of SME’s reported they had been directly asked by a current or prospective customers about what cyber security measures they had in place.
Paul Tombs, Head of SME proposition at Zurich suggested that “SMEs are not yet heeding the warnings provided by large attacks on global businesses.” It seems many are still thinking ‘it won’t happen to me’ – this simply isn’t the case. It is often the smaller businesses that are easier to attack since many have no antivirus or use a free one that isn’t specifically designed for businesses, no backup or monitoring and no disaster recovery plan in place. It doesn’t have to cost a lot but speaking to a professional IT Support company like e-mpower.IT can definitely help.
Additional figures from a recent Government survey* also showed:
- Nearly half of all UK businesses suffered a cyber breach or attack in the past 12 months
- Businesses holding electronic personal data on customers were much more likely to suffer cyber breaches than those that do not (51 per cent compared to 37 per cent)
- Of the businesses which identified a breach or attack, almost:
- a quarter had a temporary loss of files
- a fifth had software or systems corrupted
- one in ten lost access to third party systems they rely on
- one in ten had their website taken down or slowed.
*Based on a Government National Cyber Security Report, April 2017
The news isn’t good but burying your head in the sand won’t help or prevent your business from being attacked. The threats are real, isn’t it time you spoke to the experts and protected your business?
What we do is a given, HOW we do it is the difference!
e-mpower.IT are based in Burgess Hill, West Sussex and offer IT support and guidance for small to medium sized businesses in the South East of England.
We are the specialists in handling your IT needs including: antivirus, software, hardware, backup, Cloud services and more.