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30% of small businesses don't have a cyber security strategy

Written by Millgate 25/03/2019

Almost a third of small businesses do not have any cyber security strategies in place, a report by Business in the Community (BIC) has found.

The report, which promotes businesses improving their online security, found that 30% of small businesses had no cyber security strategy, compared to 4% of medium-sized businesses.

The report also found 40% of small businesses have not undertaken any cyber security action in the last 12 months, and only 35% of small and medium-sized businesses have a basic data protection policy.

The report, titled ‘Would you be ready for a cyber attack?’¬†was commissioned by business leaders “wanting to understand current cyber security practices of small and medium-sized businesses.”

It found that the industries with the fewest cyber security measures in place are: retail (43% with no measures implemented in the last 12 months), construction (39%), and real estate (36%).

Business in the Community advised that everyone needs to take action against cyber breaches.

They said: “Small and medium-sized businesses should have measures in place to reduce the impact should a breach occur.”

The report noted that small businesses are not taking as much action towards their own cyber security as medium-sized businesses.

Read the report here.

 

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