The best way to streamline a small business is to have reliable resources to ensure information is protected adequately and is easily accessible to the right people.
[continue reading…]cyber security
Businesses have enough to worry about; one of the major things being competition from outside sources, so fraud that takes place within a business can be viewed as an avoidable problem. Not only do employers have to be extremely vigilant to defend against external threats from their competitors, but they also must be constantly looking for indications that their employees may be stealing from the company from within for personal gain.
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Cybersecurity should be a top concern for small companies whether you do business primarily in the UK or in other countries as well. Even though news headlines usually focus on data breaches that happen to large companies and government organisations, it’s the small business that’s even more at risk. Why? Hackers are counting on small businesses to spend less on their cybersecurity budget and have weaker security than larger companies.
Has your business, or a business you know, suffered from a cybercrime? As 43% of cyber-attacks are targeted at small businesses, you need to take action to protect your business now and on an on-going basis.
GDPR has now been in place for a year and, while the ICO has previously claimed it doesn’t intend to come down too hard on businesses still getting their privacy plans straight, the heavy fines are about to hit.
These days the move to digital documentation has gone a long way towards reducing the level of physical space businesses need to devote to documentation and storage, however, it has not necessarily reduced any of the other challenges involved in creating an effective document storage system.
According to the latest research from the Federation of Small Businesses (FSB), it was found that small businesses are unprepared for some of the biggest disruptions a business could face. The issues that could arise from cyber crime to staff losses or severe weather, can have a huge impact on small businesses. Therefore, small businesses need to get prepared and have a contingency plan in place.
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.
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Fraud is a real problem for businesses of all capacities and SMEs can suffer greatly if they’re struck with fraudulent activity, which is why spotting the signs early can save a catastrophic effect on the organisation.
Information technology is a vital part of any business and it should be treated as a high priority when it comes to protecting it. Issues such as cyber-attacks, viruses and server damage can be a serious issue for any business that has IT infrastructure on site.
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.
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.
If you are the owner of an SME or are responsible for the cyber security of one, you might never have heard of Managed Detection and Response services (MDR). However, that is something that needs to change quickly. MDR services can be extremely valuable to SMEs and overlooking them will likely not only cost you money but will also make you more vulnerable to cyber-attacks.
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