Well actually, if you’re a small business owner, the chances of being a victim of cyber crime is now higher than ever …
- In 2016, 66% of small firms surveyed were victims of cyber crime
- SMEs fell victim to seven million cyber crimes over 2014 and 2015
- The total annual cost of cyber crime to SMEs over 2014 and 2015 was £5.26 billion
- On average, SMEs will fall victim to four cyber crimes every two-year cycle
Federation of Small Businesses, Cyber Resilience Report 2016
Literally thousands of businesses suffer cyber-attacks daily and, whilst there have been some high-profile crimes, like the NHS’ WannaCry attack, you’d be wrong to think no-one’s interested in a small business like your’s.
Indeed, criminals are actively targeting SMEs because fewer processes make them vulnerable to human error, such as loss of confidential data and sensitive banking information. And attackers are using more and more sophisticated methods, from hacking into bank accounts, to duping businesses into transferring funds to them via fraudulent emails. (more…)