Procurement Letitia Booty · 1 March 2018
Small businesses need to address the perception gap? between how they view cyber crime and the real-world threat
Small businesses have a perception gap when it comes to cyber attacks.[/caption]There is a growing perception gap between how the UK’s SMEs view cybercrime and the reality of the threat, with the average cost of a single breach reaching 1, 570. This is according to a new report from the government’s Cyber Aware campaign, which calls for the small business community to speak with one voice when it comes to educating the public on cyber security and tacking this perception gap. The report found that there is the widespread belief that cyber crime isnt real crime, and many people believe there is nothing anyone can do to stop it. According to Cyber Aware, this leads to the threat being underestimated, when in reality the threat is very real. There were 1.6m victims of bank and credit account fraud last year, and one in eight of these victims were not fully reimbursed for their losses. In addition, between October 2016 and September 2017, the Crime Survey for England and Wales recorded 1.5m computer misuse offences, such as malware attacks and hacking so suffice to say, it is a very real problem, with real-world consequences. Despite this, only 31 per cent of businesses say that cyber security is a very high priority for senior management, and only seven per cent of micro businesses have incident management processes in place to tackle a breach if one were to happen. Cyber Aware is hoping to raise cyber awareness by encouraging businesses to educate staff and customers about the risks of using the internet, and the easy measures to protect against them. The campaign is working with the National Cyber Security Centre (NCSC) to ensure the most effective advice is shared. The Minister for Security and Economic Crime, Ben Wallace, said: “Cyber crime has been identified as one of the biggest criminal threats to British business and I am determined to help our businesses disrupt this illegal activity and protect the public. the government is already taking world-leading action to tackle the threat of cyber crime and is investing 1.9bn to bolster our cyber security.
ABOUT THE EXPERTLetitia Booty
Letitia Booty is a special projects journalist for Business Advice. She has a BA in English Literature from the University of East Anglia, and since graduating she has written for a variety of trade titles. Most recently, she was a reporter at SME magazine.