UK SMEs and cybercrime: Paying the price

Evolution in malicious cyber behaviour has placed cybercrime firmly on the agenda for the C-suite.
By Steve Nice
As IT professionals, the idea of a client’s or our own business being hacked and subsequently exploited is nothing short of a catastrophic failure. A severe enough incident of cybercrime can cost a company hundreds of millions of pounds and leave a business in a state of inaction.
Indeed, according to a recent report by The Centre for Economics and Business Research, it is estimated that cybercrime costs British businesses alone a staggering £34 billion per year.
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