Most Small UK Businesses Have No Security Oversight

Report says the average cost of a data breach for a small UK company can be up to £115,000

By Tara Seals

Smaller UK businesses typically don’t assign an employee to be responsible for information security education and implementation—and are becoming fraud victims as a result.
As detailed in its State of the Industry report, appropriately-named information destruction expert Shred-it has found that nearly half (46%) of small business owners have no employee responsible for managing data security issues internally. Even more concerning, more than a quarter (27%) of small businesses do not have information security policies and procedures in place at all.
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Source: http://www.infosecurity-magazine.com/