Hacking Attacks and Small Businesses

The Indepentdent recently reported that small and medium-sized businesses are not earmarking significant amounts of cash to bolster their cyber-security defences, despite almost one-sixth of all companies suffering an attack within the last year.

According to data compiled by insurance company Zurich, 875,000 SMEs across the UK have been affected by a cyber-attack over the last 12 months, with firms in London worst affected but also the South West has been hit.

Of the companies hit, just over a fifth reported that it cost them more than £10,000 and one in 10 said that it had cost them more than £50,000.