How much could your business save?Find out now!
Or, you can call us on:0800 411 8830

Cyber-crime: smaller businesses not prepared


UK small businesses are still not prepared for cybercrime: research shows the changing nature of attacks and where companies are weakest.

Research from the Association of Accounting Technicians (AAT) has revealed that 42% of small and micro businesses in the UK have been the victims of cybercrime. But 14% of those surveyed reported that they still have no formal protection of their business in place.

“This research shows that although many business owners are aware of cybersecurity risks and are taking action to guard against them, there are still some who need to do more to protect their businesses,” said vice president of security research at security software company Trend Micro Rik Ferguson.

Of the businesses to suffer cybercrime:

  • 23% had suffered virus infection to their business computers
  • 22% had been victims of phishing (where sensitive information such as passwords are stolen by someone pretending to be from the bank, for example)
  • 12% had been victims of card fraud

Business cyber exposure

Despite the high number of business victims of cybercrime, many are still not protecting themselves.

  • 62% do not change their business passwords regularly, which is essential for keeping passwords secure
  • 31% are not making using regular updates of anti-virus software leaving them open to computer viruses and malware
  • 34% of businesses do not use firewall protection
  • 70% do not regularly install security patches, which are needed to keep security software up to date for the latest threats
  • 14% are not using any methods at all to protect their business from cybercrime.

Protect business from cyber crime

As Mark Farrar, AAT Chief Executive, pointed out, keeping online information secure is vital for UK SMEs. “A security breach could put you out of action and cost you money, which can be fatal for smaller businesses that have very little time and money to spare. Businesses should always protect every aspect of their online profile.”

To get some free advice on how to protect your business from cybercrime, see our guide. Please sign up to our newsletter for more valuable advice.

Related Articles

the week's energy news

The Week’s Top Energy News – 02/12/2016

The Christmas season has well and truly begun and, in true business style, you’ll either be incredibly b...

Read More
how to motivate your team

21 easy ways to motivate your team

Being a manager is tough, and understanding how to motivate staff isn’t necessarily straight forward. It...

Read More
small business santa

Could you win our small business Santa competition?

We don’t know about you but we are feeling very Christmassy right now. Carols on the stereo, mince pies for ...

Read More
Excellent, 9.5 / 10

Fixed up in no time!

"I was contacted by Jonathan Burgess after making an inquiry on line, who was very informative in finding me the best deal for my business. There was no pressure selling,only information given to assist me in making an informed decision. There was ample opportunity during the process to question or pull out if need be. Everything was made clear,and would definitely recommend others using the service."

This review was posted by john kril on the 05th of September 2016

Brilliant Service

"I was contacted by Aaron Gallagher after visiting SwitchMyBusiness.com. He was very helpful and knew a lot about the different contracts available but did not push me into an instant decision. Once our Directors had decided on the contract they wanted I called Aaron on his direct line and arranged our new contract. Aaron was at all times friendly and professional, completely different to other companies who contacted me about our renewal who were arrogant and pushy. Would recommend SwitchMyBusiness to anybody who is looking to switch their energy."

This review was posted by Debbie on the 08th of September 2016

First Class Service

"I spoke with Mark Weeks today to get quotes for my business energy and he was extremely helpful. He talked me through the process clearly and also got me better prices than I could have done myself. Comparison sites are just so complicated and he did all the "leg work" for me. Very pleased with his assistance and would recommend SwitchmyBusiness to any of my friends and business acquaintances."

This review was posted by Debbie Andrew on the 08th of September 2016

Excellent

"Jonathan Burgess rang me back straight away and took me through my business switch. Polite thorough and easy to understand. Highly recommend to anyone looking to save money and switch business energy accounts. Thank you."

This review was posted by Suzanne Richmond on the 09th of September 2016

Happy

"Jonathan Burgess did a great job of helping me through switching my business with both gas and electric. He was very thorough ,clear spoken and a pleasure to speak to today. I would recommend anyone to use this service"

This review was posted by Louise holman on the 09th of September 2016