It’s rare for even a few weeks to pass without a major corporate IT security disaster hitting the news. Understandably, it’s the big names which make the headlines, either due to the impact on their customers who’ve had their data stolen, or because it’s a high-tech company which ‘ought to have known better’.
But behind the scandalous headlines there’s a less visible, but arguably more serious, problem – the effect of cyber crime on small businesses.
The painful truth
A recent study by the Federation of Small Businesses offers some truly worrying statistics. A massive 66 per cent of small businesses have fallen victim to cyber crime, with an average of one attack every 6 months. The annual cost to small businesses totalled £5.26 billion (2014-2015). For the full article click here
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