Last year, half of UK SMEs were hit by a cyberattack and 10% experienced more than four attacks, according to a survey by Barclaycard. It’s no wonder most UK CEOs named cybercrime as one of the top three threats to their business this year.
SMEs might be lulled into a false sense of security when it comes to cyberattacks. They think they’re less at risk because they don’t have a high profile or much data to steal. But every business that holds sensitive information such as customer contact details, bank or credit card information, in a digital format, could be targeted. The worst security breaches cost SMEs between £65,000 and £311,000 last year, a price few will want to pay.