Cyber breaches infographic: you don’t have to be big to be at risk
It’s a common misconception that small businesses don’t hold commercially sensitive data.
A survey* showed that the vast majority of SMEs dramatically underestimate the value of their information, yet 95 per cent hold data in their systems, with 45 per cent holding intellectual property data.
From customer and supplier email addresses and financial records, to intellectual property, data has a value and therefore makes you a potential target. New General Data Protection Regulations (GDPR) come into effect in 2018, and there will be an increase in maximum fines for breaching data protection requirements.
Research** in 2016 showed that 74 per cent of small UK businesses suffered a security breach in 2015 – up 14 per cent from 2014. The average cost of the worst breach a small business will experience is £75k – £311k.
Our new infographic features the risks of a cyber breach - download our cyber risk infographic.
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For more information about how we can help you assess and manage the cyber risks your business is exposed to, please get in touch. Speak to your usual Lucas Fettes contact, call us on 0330 660 0401 or email us at firstname.lastname@example.org
*Cyber Security Breaches Survey 2016 - Report
** 2015 Information Security Breaches Survey, HM Government
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