Cyber Crime Hitting UK Small Business

Small businesses thinking of making the move toof small businesses have access to dedicated IT
accept payments from customers via the internetsupport, either internally or via an outsourced provider.
need to seek advice before doing so, according toInstead, many business owners have to take it upon
Tony Neate, managing director of Get Safe Online.themselves to keep up with the latest online security
Research taken by the organisation reveals that 44issues. Of those who had experienced online crime or
per cent of small businesses in the UK have been aother IT-related problems, almost a fifth (19 per cent)
victim of cybercrime, including internet scams, identitysaid they lost revenue as a result of downtime - the
fraud, phishing and data theft. Of those businessesaverage figure cited as £1,540 - or an estimated
affected, more than a third (36 per cent) had suffered£750 million in losses across the UK small
a computer virus and almost one in five (18 per cent)business population as a whole.
had been a victim of internet scams such as phishing,Furthermore 60 per cent of small businesses said they
spyware or hacking in the last two years.would grind to a halt altogether if their PCs were taken
In such an environment, Mr Neate said that as soon asdown by cybercrime or IT related issues.
your company is responsible for handling other people'sWhile businesses must look at access control, data
confidential information, then new rules and regulationsencryption and secure password practices, as well as
come in to play.looking at other measures such as staff training, it's
He reveals that there are now regulations that havealso important to remember that by taking a few
been brought in by the credit card companies, andsimple precautions should mean that online risks
small business outfits probably need to have a look atneedn't overshadow the huge benefits that the internet
those because they will likely be imposed on them asbrings to UK businesses.
a result of taking credit card details.Disclaimer:
The message is that if you are not an expert inThis article has been written for information and
relation to computers and computer security and youinterest purposes only. The information contained within
have your own e-commerce site or server, then youthis article is the opinion of the author only, and should
need to get advice. Furthermore, if you are takingnot be construed as advice or used to make financial
people's credit card details and transacting online, makedecisions. Expert financial advice should always be
sure you have listened to the correct advice.sought and any links contained within this article are
However, Get Safe Online reveals only five per centincluded for information purposes only.