GDPR has stirred a frenzy of preparation in the business community on a scale unseen since the millennium bug. With the spotlight thrust so firmly on GDPR, another cyber security legislation from the EU has slipped quietly under the radar. It’s called the NIS Directive, and it came into effect on May 9, 2018.
Any business, small or big, is never completely safe and carries series of risks with it, such as personal safety, consumer market transitions, theft, potential legal issues and so much more. Most small businesses do not have enough budget to support the outcome of any of these risks mentioned. That’s why they constantly need to work in preventing such risks in order to continue with their success when new opportunities and obstacles present. As a business owner, you need to take steps to minimise these kinds of risks by obtaining insurance for your business and assets and implementing security measures as well as disaster planning.
In the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, it was found that nearly three quarters of the 4,103 organisations surveyed, lack strategy when it comes to cyber security. 73% of organisations are deemed cyber novices, with the three categories being ‘cyber novice’, ‘cyber intermediate’ and ‘cyber expert’, and only 11% of organisations that participated in the study were deemed cyber experts.
Small business owners struggle with insurance policies that are in place, claiming that they use too much jargon and can be difficult to understand. With the rising threats of cyber-attacks, terrorism and severe weather conditions, small businesses need to have a good insurance policy in place more than ever.
New research has shown that 46% of UK businesses identified at least one cyber security breach or attack in the last 12 months. May is fast approaching and with it the implementation date for the new General Data Protection Regulation (GDPR), so it’s time to start thinking about whether you are up to date with your data management.
Unless you’re an expert or very good at using computers, you might have heard the term ‘web hosting’ but not quite understood what it means. However, if you run a website, it’s important that you do. In essence, you can imagine it a bit like this: your website is a book, and in order for anyone to come across it and read it, you’ll need it to be hosted on a shelf. That’s what you can think of your host as – a very high-tech shelf.