Businesses in the UK are increasingly worried about cyber-attacks, a new survey reveals.
The latest research highlights that concerns among small and medium-sized enterprises (SMEs) about cybersecurity threats have grown significantly over the past year.
Rising Concerns Among SMEs
According to the latest Close Brothers Business Barometer research, two-thirds of SMEs (67%) reported that they are more worried about cyber security threats now than they were a year ago. Notably, 31% of these SMEs stated that their concern has significantly escalated.
Impact of High-Profile Data Breaches
The surge in concern can be linked to a series of high-profile data breaches in 2018. Incidents involving large enterprises such as British Airways, Ticketmaster, and Facebook have amplified apprehensions among smaller businesses.
Regional Variations in Concern
Conversely, in the South East, just over half of the businesses expressed greater concerns compared to the previous year.
Proactive Measures by SMEs
Only 25% of businesses have maintained their cybersecurity spending levels.
Regional Investment in Cybersecurity
Following closely are businesses in Yorkshire (72%), the North East (67%), and the North West (65%) dedicating additional funds to cybersecurity.
Expert Opinions
He highlighted that SMEs can invest in cybersecurity prevention methods like anti-virus software, secure networks, and staff training.
The Importance of Vigilance
“Even with these precautions in place, it is vital that businesses remain vigilant because online criminals are continually developing more sophisticated techniques and technology,” he said.
Overall, it is clear that the rising concern among SMEs about cyber-attacks is prompting significant investment in cybersecurity measures.
Maintaining vigilance and continuous improvement in security protocols are essential for businesses to protect themselves against evolving cyber threats.