Cyber Attacks In The Media: Are SME’s Less Of A Target Or Simply Less Publicised?

Cyber Attacks In The Media: Are SME’s Less Of A Target Or Simply Less Publicised?
With the media reporting on cyber-attacks what may feel like every week, large organisations such as the NHS have nowhere to hide in the event of an attack. Many members of the general public will be aware of the attack on the NHS of 2017, and some will even be aware of ‘WannaCry’, however is this due to the scale of the attack or simply media publicity?

All businesses that store, save or digitally transfer data are at risk of being hacked if the correct security measures are not in place. Once the walls have been broken down by a fraudster, they then have access to exploit all of the data and systems, and will often only restore them to their original state in return for a large fee. So no matter the size or nature of the business, all businesses are vulnerable.

Are SME’s less of a target?

There is a common belief that SME’s are less of a target for hackers as there is less to be earned from an attack, as they will typically have fewer data records, fewer systems and a lower turnover. However, they are also less likely to have a large IT department or civilised security measures in place, making it easier for a hack to take place. A cyber hacker may think of it as a mass market approach, rather than one large scheme with more chances to get caught. Therefore, small business owners need to be aware of this and just because cyber attacks are not being so widely broadcasted, doesn’t mean they are not taking place.

If you are a business owner of any size and worried that you may need cyber insurance , contact Cyberguru today for a free quote. We pride ourselves on being able to tailor our packages around your individual business needs so that you only pay for the cover you need. For more cyber security topics, take a look at our blog.

Related Articles

9 Albany Park, Cabot Lane, Poole, Dorset, BH17 7BX
t. +44 (0)330 1240730
e. This email address is being protected from spambots. You need JavaScript enabled to view it.

© Insync Insurance Solutions Ltd 2016 All rights reserved. Cyberguru is a trading style of Insync Insurance Solutions Ltd which is authorised & regulated by the Financial Conduct Authority. Our registered office is Midland House, 2 Poole Road, Bournemouth, Dorset BH2 5QY and we are registered in England under company number 08810662. Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR | Tel: 0800 023 4567 or 0300 123 9 123 | www.financial-ombudsman.org.uk | Terms of Business