The Federation of Small Businesses recently published a report on cybercrime and how small businesses can protect themselves in the digital economy. This report mentions that smaller businesses are attacked 7 million times per year, costing the UK economy an estimated £5.26 billion. The report can be found here.
The UK government has acknowledged that businesses are vulnerable and that more needs to be done to prepare businesses in the fight against cybercrime. For that purpose, the Queen is opening the National Cyber Security Centre in London today. The remit of the Centre will be to protect the UK economy and the wider society (including government and businesses) against attacks.
As a small business owner do you know how to prepare for a data breach?
If the answer is no, then have a look at my blog on how to create a data management plan here. This is a topic that is likely to get even more media attention as the UK prepares for the introduction of the new rules on data protection in 2018, called the General Data Protection Rules.
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Law for the online generation starts here.
While 65 percent of large companies reported a cyber breach or attack in the past year, nine out of 10 businesses don’t even have an incident management plan to deal with such an incident, Hammond will say as he attends the official opening of a new National Cyber Security Centre in London. The NCSC has already helped counter 188 attacks in the first three months of its existence.