Cybercrime is a growing threat for all businesses, but it’s especially concerning for SMEs, micro-businesses, and not-for-profit organisations.

While you might think you’re too small to be a target, the statistics tell a different story:

Data Breaches:

  • A bakery in Bristol had its customer database hacked, exposing names, addresses, and credit card information. The attackers then used this information to make fraudulent purchases.

  • A small law firm in Manchester suffered a ransomware attack that encrypted all of its files. The attackers demanded a ransom payment of £10,000 in Bitcoin to decrypt the files.

Phishing Attacks:

  • A construction company in London received an email that appeared to be from a supplier, requesting an urgent payment for an outstanding invoice. The email contained a malicious link that, when clicked, installed malware on the company’s computers. This malware allowed the attackers to steal sensitive financial information.

  • A hair salon in Edinburgh received an email from a fake customer, asking to reschedule an appointment online. The link in the email led to a phishing website that captured the customer’s credit card information when they tried to reschedule.

Social Engineering:

  • An employee at a marketing agency in Birmingham was tricked into giving up their login credentials to a cybercriminal who posed as a technical support representative. The attacker then used these credentials to gain access to the company’s network and steal confidential client data.

  • The owner of a small restaurant in Leeds was contacted by a scammer who claimed to be from a health and safety inspector. The scammer threatened to shut down the restaurant unless the owner paid a “fine.” The owner paid the fine, but it turned out to be a scam.

"The average cost of a cyber attack to a UK business is £31,000"

"60% of UK businesses have experienced a cyber attack in the past year"

"Small businesses are twice as likely to be targeted by cyber criminals as large businesses"

"Cyber crime costs the UK economy £29 billion per year"

"The number of reported cyber crimes in the UK has increased by 60% in the past five years"

These statistics paint a clear picture: no business is too small to be a target for cybercrime. The good news is that there are steps you can take to protect yourself. Here are a few tips:

  • Invest in cybersecurity training for your employees. This will help them to spot and avoid common cyber threats.
  • Implement strong passwords and security protocols. Make sure your systems are difficult to hack into.
  • Back up your data regularly. This will help you to recover if you are attacked.
  • Have a plan for what to do in case of a cyber attack. This will help you to minimise the damage.

By taking these steps, you can help to protect your business from cybercrime.

Remember, it’s not a matter of if you will be targeted, but when. Be prepared and don’t let cybercriminals take advantage of you.