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Cyber Attacks Increasing and Hitting Small Firms

The gov.uk government website writes:

Research commissioned by the Department for Business, Innovation and Skills (BIS), revealed that the number of cyber attacks hitting businesses has increased over the last year.

The Information Security Breaches Survey found some attacks caused more than £1 million of damage.

It showed 87% of small firms experienced a security breach last year, up 10%. 93% of large organisations had also been targeted.

To help guard against these attacks, which can cost a small business 6% of its turnover, government is offering further funding and guidance.

The Technology Strategy Board has extended a scheme to allow small and medium-sized enterprises (SMEs) to bid for up to £5,000 to improve their cyber security.

BIS is also publishing a guide to help small businesses improve their cyber security and make it part of their business risk management process.

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