A third of SMEs lack cyber security strategy

A third of small of the UK’s small business are without any cyber security strategy, according to a new report that warns lacks of preparedness for a cyber attack could cost firms and their users thousands of pounds.

A study from corporate responsibility body Business in the Community found that 42 per cent of small business reported at least one attack or data breach incident over the course of 2018. In 17 per cent of cyber security incidents it took the business and its systems at least a day to recover from the breach.

Figures from the City of London Police showed that 2,000 cyber crimes were reported last year.

Paolo Sartori, managing director of TransWorldCom, said: “Not spending money on solid data protection and cyber security strategies could cost a company vast sums - one day of productivity lost could cost you thousands, but a GDPR breach could cost you millions.

    Share Story:

Recent Stories


Bringing Teams to the table – Adding value by integrating Microsoft Teams with business applications
A decade ago, the idea of digital collaboration started and ended with sending documents over email. Some organisations would have portals for sharing content or simplistic IM apps, but the ways that we communicated online were still largely primitive.

Automating CX: How are businesses using AI to meet customer expectations?
Virtual agents are set to supplant the traditional chatbot and their use cases are evolving at pace, with many organisations deploying new AI technologies to meet rising customer demand for self-service and real-time interactions.