SME Cyber Security a Growing Concern for Consumers

21 Mar 2016

SME Cyber Security a Growing Concern for Consumers

According to a survey conducted by KPMG, consumers are becoming increasingly concerned about SME cyber security.

The Small Business Reputation & the Cyber Risk survey shows that in the North West of the UK, 69% of consumers believe that SMEs are less secure than big corporations. This figure is 9% above the national average. These concerns are backed up by other surveys that show that SMEs are continuing to not take the threat posed by a cyber security breach as seriously as they should be. The mentality that they are too small to be a target continues to dominate the mindset of many small business owners. In reality, any business regardless of size is a potential target and SMEs are often preferred by hackers due to their less secure defences.

The survey also shows that consumers in London are the most concerned about having their data stolen. 48% said that they are ‘extremely concerned’. Perhaps the most important finding of the survey is that just 9% of consumers think that an SME is properly prepared to deal with a cyber-attack.

You can read the report  here

Other key findings from the survey were:

•    Only 23% of SMEs were shown to cite cybersecurity as one of their top concerns.

•    83% of consumers are concerned about which businesses have access to their data.

•    58% of consumers said that a cybersecurity breach would put them off from using a business in the future.

Cyber Essentials

 By implementing the measures in the  Cyber Essentials  scheme a business can greatly reduce its vulnerability to cyber threats. The scheme educates staff in the basics of cyber security and is aimed to help protect against the most common threats. A business can also apply for the Cyber Essentials Plus scheme which offers a more in-depth course.

Signing up to Cyber Essentials also makes sense from a business perspective. With the cyber threat growing, most major companies based in the UK and increasingly overseas expect their suppliers to have cyber security measures in place. The British government, for example, demands that any contractors are accredited by Cyber Essentials. By showing that they are serious about cyber security SMEs can also gain an edge over their competitors. After all, if two businesses are competing for a contract, the one that proves that it takes cyber security seriously is more likely to win.

PGI can assist you with your Cyber Essentials requirements. Our Cyber Essentials  Portal  is an online self-assessment portal that guides users through 5 different sections; explaining the questions needed to be answered in order to attain the Cyber Essentials accreditation in an easy to understand manner. The portal also gives advice for each of the questions and provides the option to refer a question to an IT expert if necessary.

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