Procurement · 12 June 2018

Why micro business owners are putting sensitive company data at risk

data breach GDPR
Almost 4m UK businesses are vulnerable to data loss

Britain’s sole traders and micro business owners are the least likely to back-up company data safely, putting sensitive information at risk of loss or theft.

According to research undertaken by Opinium and broadband provider Beaming, almost 1m small business owners do not back-up company data whatsoever, relying on a single master copy.

Meanwhile, a further 2.8m were storing electronic copies in the same location as original data.

While 83% of all businesses backed-up their data to some extent, half of those were only saving it to servers or storage devices in the same premises. Failing to generate copies outside of an organisation leaves firms vulnerable to data loss through theft, fire or malware attack.

The study found that sole traders and micro business owners were least likely to back-up data safely. Just over one in ten used cloud storage services, from companies such as Google, Microsoft and Amazon, to store company information off-site.

Commenting on the findings, Sonia Blizzard, Beaming managing director, urged micro business owners to safeguard sensitive information.

“Our research shows that almost 4m UK businesses are vulnerable to data loss from single events and could potentially become unable to operate. Most businesses, particularly at the smaller end, don’t do enough to safeguard their information,” she said.

Beaming collected the findings into a table

Blizzard added: “The introduction of GDPR has highlighted the need for secure and resilient data storage in order to mitigate the risk of significant data loss.”

“We’d encourage businesses to think seriously about private cloud or co-location services when it comes to storing highly sensitive data or mission critical applications. These should only be accessed through the most secure forms of connectivity.”

__________________________________________________________________________________
GDPR

 

GDPR watchdog tells small businesses: “We are not looking for perfection”

The UK’s information commissioner has spoken to small business owners on the day of GDPR’s introduction to hint that the watchdog will focus on bigger players.

__________________________________________________________________________________

Sign up to our newsletter to get the latest from Business Advice.


 
TAGS:

ABOUT THE EXPERT

Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.

Business development