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52% of small businesses do nothing to stop cybercrime

Says a study looking at small business around the UK, even with awareness of cybercrime on the rise, a sizeable proportion of the UK's small businesses are doing nothing whatsoever to avoid falling victim to a data breach.

A new study from CSID, published on July 8th, which showed that more than half (52 per cent) of the UK's small business "are not taking any preventative measures to protect themselves against cybercrime".

Furthermore, the company found that 85 per cent of small businesses have no plans to increase their spending on data security in the future, leaving their risk of data loss unmitigated.

To illustrate the severity of the threat, CISD set up an online presence for a fictitious business called Jomoco and had two fabricated employees accidentally leak sensitive data.

It took hackers just one hour to exploit this information and lock the employees out of their email and social media accounts, as well as deface the Jomoco website.

"Understanding and educating employees about the security threats associated with establishing and running a business should be the first step in mitigating (cyber) risk," said Andy Thomas, managing director of the company's European division, in response to the findings.

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