Almost daily another company falls victim to a cyber attack. In the busy run up to Christmas, this is expected to increase as small businesses, including many in the retail sector, focus their efforts elsewhere.
In this short video, Asam Malik, highlights what business owners should be considering to help protect themselves.
Two thirds of small businesses have fallen victim to cybercrime in the past two years, costing the UK economy £5.26bn, according to research from the Federation of Small Businesses. The majority of attacks are phishing and spear phishing, where cybercriminals target individuals, rather than computer systems. As cybersecurity software has become more sophisticated, small businesses’s employees have become easier targets. A common method among hackers, for example, is to pose as a company boss in an email and persuade an employee to urgently wire company money to an account. Meanwhile, the more traditional form of cybercrime, infecting company equipment with malware, is still a problem. It accounts for 29% of cyber-attacks experienced by small businesses.