Cyber-attacks: is your business protected?

Published on 13th March 2019

A poll by insurance firm Aon suggests that UK small and medium-sized enterprises (SMEs) are ‘unmindful of the risks’ that cyberattacks and data breaches pose. Eight out of ten small firms don’t appear to recognise cyber-attacks or data breaches as significant risks to their business.

In 2017, almost half of UK firms experienced  a cyber-attack or data breach and 66% of SME’s a loss of data, National Cyber Security Centre (NCSC) survey finds. Furthermore, 31% of SMEs aren’t insured against cyber and data risks and 68% are unaware that breaches must be reported to the Information Commissioner’s Office (ICO), Aon report.

Chris Mallett, Broking Manager at Aon, commented: ‘What’s more, it revealed one in three don’t see personal information stolen as a result of a cyber-attack or fraud as a data breach.’

‘There is a lot of misunderstanding of risks and still a worry among SMEs that it must be complicated,’ said Dr Emma Philpott, Founder of the UK Cyber Security Forum. ‘It is not always about high end security. It’s about having the basics in place to protect you from indiscriminate attacks. Educating staff takes time, but doesn’t cost anything at all.’

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