Friend Or Foe: How Reliant On IT Is Your Business In Today's Digital World

IT has revolutionised the way people do business and there are no signs of it slowing down. However, the constantly evolving digital market brings with it the need for SMEs to invest heavily to compete against the competition and keep customers sensitive data safe.

Computer equipment has recently been identified as one of the most valuable assets for small businesses and one that many businesses say they will continue to invest in to grow their business. The perceived benefits of increased productivity, ability to gain marketplace advantage and operational efficiency are deemed essential for business success.

Nevertheless, businesses need to be aware of the risks of relying heavily on IT as insecure systems pose very attractively to cyber criminals and can ruin businesses. The average cost of cyber crime and data breaches on small businesses are estimated to be average of £65K to £115K, and are becoming increasingly popular. This adds additional pressures on those businesses who are choosing to manage their IT systems and cyber security defences inhouse.

So as computer equipment and IT are named as one of the most valuable assets to small businesses, cyber security needs to be in close second. For more information on keeping your business secure, contact Cyberguru today. We can simplify any uncertainties about cyber insurance and what your business needs, plus provide a tailored solution to meet your individual business needs.