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Cyber-attacks are surging and small and medium sized enterprises are easy prey for hackers. Joe Collinwood, CEO at CySure outlines why being cyber aware is a business necessity for all organisations

Small businesses in the UK are the target of an estimated 65,000 attempted cyber-attacks every day, according to new figures(i) from specialist global insurer Hiscox. According to the insurer, cyber security incidents cost the average small business £25,700 in direct costs such as ransoms paid and hardware replaced. However, indirect costs such as damage to reputation, the impact of losing customers and difficulty attracting future customers can be devastating. Complacency can cost SMEs dearly; the US National Cyber Security Alliance (ii) found that 60 percent of small firms go out of business within six months of a data breach.

In a rapidly evolving landscape of cyber threats it is vital that SMEs understand the risks and act fast or risk business failure...

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