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News - 5 August 2014

One in three small firms 'would not know how to respond to an IT breach'

 According to new research by an on-line security company, a third of small business owners admit that they would not know what to do if they faced an IT security breach.

 
Stuart Coleman, Data Protection Officer at ABDS comments:
“The study, which included owners of small businesses such as hairdressers, builders and legal firms, found that 82% believed they would not be targeted by cyber criminals as they were too small or did not have anything worth stealing, despite separate figures indicating that 41% of small firms were victims of cybercrime in 2013. Four in ten business owners admitted that if they did face a security breach, they would struggle to recover all of the data that was lost, and a quarter said they would be unable to recover any.”
 
Alex Grant, Barclays, Managing Director of Fraud Prevention said: “Cyber-fraud affects one in eight small businesses every year with fraud losses to SMEs estimated at nearly £20bn. Criminals try to steal goods and the business identity through letters, a phone call, or via email. Increasingly, cybercrime is a principal priority risk for businesses.”
 
A check list has been produced and by spending just a few minutes every day it will help reduce the risks.
 
  • Passwords – Check that all internet-enabled devices and computers that carry your business data are protected by strong passwords, regardless of whether the equipment is company or employee-owned.
  • Attachment Awareness – Understand the dangers that can lurk in emails, web-links USB sticks, CDs etc. and consider Educate all employees – Make sure everyone knows on how to stay safe online; including how to use strong passwords, spot suspect emails or sites, and protect company information.
  • Back-up – Every day make sure the information you store on computers is backed-up and secure. Imagine how your business would cope if you had to get through the day without it.
  • Security systems – Take full advantage of any user-friendly internet security software that that has been specially created for small firms such as your own to secure devices such as smartphones, laptops, tablets, computers, WiFi and networks. Don’t forget about physical security as well – keep things out of sight and the site locked up.
 
For those who are looking for a more personal approach on a range of individual and business related issues, contact us at ABDS.
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
Helping Your Business is Our Business 

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