The consequences of cybercrime attacks on SMEs are wide reaching, from obvious financial repercussions to severe damage to reputation: so how you protect yourself without breaking the bank?
By Stewart James, partner, Ashfords LLP.
The PWC “Global State of Information Security Survey 2015” indicates that the number of reported cyber-related security incidents has grown from 3.4 million events a year to 42.8 million over the last five years.
The most recent annual Poneman Institute report indicates that this costs UK business £4.12m a year, representing a 14% increase in mean value. However, the report also identifies that small organisations bare a significantly higher per capita cost than large companies (£1,014 compared to £232).
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Source: http://www.growthbusiness.co.uk/
