50% of SMEs spend less than £1000 on cyber defences

BY Olivia Franklin ON 22nd September 2017.


As many as 875,000 small and medium-sized enterprises (SMEs) in the UK have been hit by a cyber-attack in the past 12 months. Businesses that had been affected said in some cases it cost more than £50,000 to resolve.

Almost 50% of UK small to medium enterprises plan to spend £1,000 or less on cyber security in the next year despite the impending attacks. Many organisations are taking a risk and not committing to investing in cyber security due to a ‘it won’t affect me’ attitude.

The lack of planned investment in cyber defences is also surprising when many business leaders state strong cyber security is giving them an opportunity to stand out from competitors – with as many as one in 20 claiming to have gained leverage over a competitor because of stronger cyber security credentials.

ISO 27001 is an information and data security standard aiming to protect your valuable data from security attacks. ISO 27001 helps organisations to take data security seriously, putting in systems and processes in place to guard against the risk of security breaches or misuse of data.  ISO 27001 will earn your organisation high respect with low risk information security.

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