Procurement · 25 September 2018

Business owners send cyber security message to negligent suppliers

One in four business owners would avoid using a company that had been publicly associated with a cyber security breach
Small UK business owners have placed suppliers on alert over the cyber security threat.

New research from telecoms group Beaming found that 31% of firms would terminate their supplier contracts in the event of a breach.

One in five of firms said they would take legal action to recover any financial losses incurred as a result of a supplier’s negligence with a similar number using the incident to negotiate a further discount on rates. Only 3% of businesses said they would take no action.

weve seen for some time that hackers will seek to infiltrate one organisation as a stepping stone to then attack others, said Sonia Blizzard, managing director of Beaming.

“This research clearly shows that business leaders see cyber security as a shared responsibility.”

“Businesses that neglect to take the steps necessary to protect themselves and their partners could find that a single breach could irreparably damage their hard-earned reputations and relationships.”

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