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How should your small business report a data security breach?

According to government estimates, 43% of UK businesses suffered a cyber attack in the 12 months to December 2017, as revealed by the Cyber Security Breaches Survey 2018. The most common attacks were fraudulent emails, followed by cyber criminals “impersonating an organisation online” and malware and virus attacks.

The statistics for large businesses were even more alarming, with 72% of large firms having identified a breach or attack. The average cost for large firms was £9,260, however some attacks cost significantly more.

The Federation of Small Businesses estimates that cyber criminals targeted 2.9m UK businesses in 2016, resulting in losses worth £29bn. The FSB believes that as many as two thirds of UK small businesses were affected by cyber crime between 2014 and 2016. And experts agree – cyber crime is a growing problem, one that businesses can’t afford to ignore.

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