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Tag / small business

Ransomware attacks caused a fifth of infected SMEs to cease business operations immediately

Ransomware attacks caused a fifth of infected SMEs to cease business operations immediately

News   •   Aug 10, 2017 09:00 BST

More than one-third of businesses have experienced a ransomware attack in the last year, and more than one in five (22%) of these impacted businesses had to cease operations immediately, according to a study by Malwarebytes.

Nearly three-quarters of SMEs are not prepared for cyber security risks

Nearly three-quarters of SMEs are not prepared for cyber security risks

News   •   Aug 09, 2017 09:00 BST

Nearly all (96%) of small to medium-sized enterprises (100 to 499 employees) in the US, UK, and Australia believe their organizations will be susceptible to external cyber security threats in 2017, according to a study by Webroot. Yet, although businesses recognise the growing threats, 71% still admit not being ready to address them.

Nearly a million UK SMEs suffered a cyber security breach in the last year

Nearly a million UK SMEs suffered a cyber security breach in the last year

News   •   Aug 07, 2017 14:00 BST

Almost one in six (16%) SMEs have fallen victim to a cyber attack in the last 12 months, equating to more than 875,000 nationwide, according to the findings of a study conducted by Zurich. Businesses in London are the worst affected with almost a quarter (23%) reporting that they have suffered a breach within this period.

UK small businesses face uncertain funding future

UK small businesses face uncertain funding future

News   •   Aug 02, 2017 09:00 BST

More than a third (35%) of SMEs in the UK are increasingly concerned about their ability to gain funding in the run up to Brexit, a study by Hiscox has revealed. Recent economic and political uncertainty has adversely affected business confidence, and caused concern for the future as the UK’s withdrawal from the EU becomes nearer.

UK SMEs under prepared to respond to rising security threats

UK SMEs under prepared to respond to rising security threats

News   •   Jul 31, 2017 15:00 BST

​UK SMEs are under prepared to respond to a crisis scenario, despite their awareness that security threats are rising and 44% expecting to face some form of attack in the near future. This is the key finding of research commissioned by ​Arthur J. Gallagher that focused on evaluating business resilience.

TNT cyber attack still hitting small firms

TNT cyber attack still hitting small firms

News   •   Jul 28, 2017 14:00 BST

The NotPetya ransomware attack which struck a month ago, on the very day the Business Continuity Institute launched its Cyber Resilience Report, is still affecting many organizations, with the Federation of Small Businesses (FSB) reporting that it has serious concerns over the continuing impact on TNT's small business customers.

SMEs more afraid of cyber crime than Brexit

SMEs more afraid of cyber crime than Brexit

News   •   Jul 03, 2017 09:07 BST

UK SMEs now invest £2.9bn annually on cyber security experts to help them stay ahead of the latest threats. This equates to an average figure of £1,600 per business, with many larger SMEs spending ten times more. This is an increase of 43% over the last five years, and is expected to increase again over the next year by 32%.

Small businesses compromising on cyber security

Small businesses compromising on cyber security

News   •   May 11, 2017 19:46 BST

More than two-thirds (70%) of IT managers at small and medium sized enterprises say budget considerations have forced them to compromise on security features when purchasing endpoint security, according to a survey by ​VIPRE.

SMEs underfunding cyber security

SMEs underfunding cyber security

News   •   Apr 13, 2017 10:46 BST

The vast majority of small to medium sized enterprises (86%) have less than a tenth of their total IT budget allocated to cyber security, while 75% have between zero and two IT security staff members, according to the results of a survey by EiQ Networks.

Disruptions proving costly to small businesses

Disruptions proving costly to small businesses

News   •   Oct 21, 2016 14:54 BST

​More than half a million small businesses in the UK have been forced to halt trading due to a disruption in the last two years, according to new research by small business insurer ​Direct Line for Business.

Majority of SMBs report that IT downtime could result in catastrophic loss

Majority of SMBs report that IT downtime could result in catastrophic loss

News   •   Mar 24, 2016 16:09 GMT

Small and medium sized businesses are increasingly focused on disaster recovery readiness, with as many as 84% noting that several days of IT downtime would result in moderate to catastrophic costs and loss. To make sure they are covered in the event of a disaster, more than half (53%) rely on more than one DR method to 'hedge their bets' to ensure recoverability.

The relevance of business continuity guidance for small and medium sized businesses

The relevance of business continuity guidance for small and medium sized businesses

Blog posts   •   Apr 27, 2015 11:38 BST

SME are susceptible to the same set of threats that are faced by the rest of the industry. The likelihood of such threats is different in an SME environment than for the general corporate world – for instance while an SME may face adverse weather and unplanned utility outage with perhaps the same probability or frequency, the risk of cyber-attack or data breach may be less likely.

46% of SMBs haven’t considered a business continuity plan

46% of SMBs haven’t considered a business continuity plan

News   •   Jan 15, 2015 09:54 GMT

Less than twelve months ago the UK suffered severe flooding in many parts of the country and this can often prove costly. This situation could be further exacerbated within smaller organizations as a new study has shown that 46% of small to medium sized businesses (SMBs) haven’t considered a business continuity plan to carry on trading or mitigate losses.

Small businesses not prepared for severe weather

Small businesses not prepared for severe weather

News   •   Dec 24, 2014 10:11 GMT

Given the severe weather the United Kingdom has endured over the last few years, it might be expected that businesses have developed plans to make them better prepared, however this does not appear to be the case as research by the ​Federation of Small Businesses (FSB) found that three-fifths (59%) of small businesses they questioned did not have a plan in place to deal with such events.

Small businesses failing to plan ahead

Small businesses failing to plan ahead

News   •   Sep 25, 2014 09:43 BST

Only half of UK organisations have a business continuity plan and this figure is significantly lower when it comes to small businesses with only 30% having a plan in place compared to 54% of medium sized businesses and 73% of large businesses. These are the findings highlighted in a new study by Databarracks and published in the fifth edition of their annual Data Health Check.