Sleepless over cybercrime?

Created 14/02/2018 12:00am
Why are some SMEs still snoozing in the face of cybersecurity shortcomings?

Surveys suggest that data integrity and protection are becoming an increasingly important concern for the owners and managers of SMEs. A Barclaycard poll of small and medium businesses in summer 2016, for example, found that just 20% cited cybercrime as a top priority. A year later, in June 2017, another Barclaycard poll found that 44% of small business owners were concerned about falling victim to cybercrime or a data breach - even making it a bigger worry than Brexit.

Still, that leaves over half of SME leaders without cybercrime on their agendas. Do these businesses think they’re invulnerable to the threat? Do they think they can slip under the radar of cybercriminals? Or are they simply burying their heads in the sand because the prospect of responding to the threat seems overwhelming?

All sizes of businesses are at risk

Once upon a time, the majority of malware, social engineering, and other cyber attacks were targeted at huge organisations, with massive volumes of data available to harvest. Now cybercriminals have awoken to the fact that small businesses may also contain a wealth of tempting information; from email databases that can be targeted with mass spam campaigns, to valuable financial and sensitive data – all of which may be less guarded than in bigger organisations. The conclusion is simple: small and medium size business owners who think that they aren’t going to be targeted by cybercrime are burying their heads in the sand.

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