The majority (69%) of the attacks proved to be work of outsiders. The pros at Waterdog Computer Works have more than 25 years of experience providing IT solutions to small- and medium-sized businesses, and we offer very affordable rates. .alm-listing .alm-paging-content>li.alm-item img,.alm-listing .alm-reveal>li.alm-item img,.alm-listing>li.alm-item img{position:absolute;left:0;top:0;border-radius:2px;max-width:65px} .ajax-load-more-wrap.green .alm-load-more-btn.done,.ajax-load-more-wrap.green .alm-load-more-btn.loading,.ajax-load-more-wrap.green .alm-load-more-btn:hover{background-color:#81c17b} This figure includes costs such as ransom payments, hardware replacements and indirect factors such as business interruption. .ajax-load-more-wrap.alm-horizontal .alm-btn-wrap button{margin:0} .alm-layouts .alm-listing .alm-gallery img{position:static;width:100%;height:auto;-webkit-transform:scale(1.05);-ms-transform:scale(1.05);transform:scale(1.05);-webkit-backface-visibility:hidden;backface-visibility:hidden} Small business should be aware not only of the increasing pervasiveness of cybercrime, but also the most common types of cyber attacks that are taking place. .ajax-load-more-wrap.light-grey .alm-load-more-btn.loading{color:rgba(255,255,255,0)!important;outline:0!important;background-color:transparent;border-color:transparent!important;-webkit-box-shadow:none!important;box-shadow:none!important;padding-left:20px} .alm-layouts .alm-listing .alm-gallery .overlay-details{padding:0 10%} Cyber security is as important for small businesses as it is for large corporations. UK Businesses Employ Ex-hackers to Improve Cyber-Security - Titan Telecom […] 20% of UK businesses have taken this step, with an additional 37% currently considering doing so. .alm-layouts .alm-listing .alm-layout h3{font-size:22px;line-height:1.15;font-weight:600;margin:0 0 10px;padding:0} To avoid falling victim to cybercrime and the resulting consequences, make it a priority to enforce data security procedures and install adequate antivirus and antispyware software. Cyberattacks cost businesses of all sizes about $200,000 on average, according to a recent report by Hiscox. According to McTague, in order to reduce the exposure of small businesses to sophisticated cyber criminals, the government should require automatic patching and updates for all software products and should make it mandatory for banks to make banking and payment systems more resilient to cyber attacks. However, a worrying number of cyber criminals are successful and cost the average UK small business over £6,000. The television service was impacted by a ‘malicious software attack’ (external link) as it was due to go live at 6am, but was back on air within two hours. .alm-listing .alm-paging-content>li.alm-item p.entry-meta,.alm-listing .alm-reveal>li.alm-item p.entry-meta,.alm-listing>li.alm-item p.entry-meta{opacity:.75} To put it simply, small business owners should be concerned about the potential for loss and exposure of confidential data, commonly known as a data breach, as a result of a cyber attack. .alm-layouts .alm-listing .alm-blog-card p.alm-meta{opacity:.75;margin-bottom:0;font-size:13px} There is no evidence that any personal data has been lost, said the States. Software company Citrix was contacted by the FBI in March 2019 with news that hackers had potentially gained access to large quantities of sensitive data. Whether a company is targeted for quick financial wins, or as a route into a larger supply chain, no one is immune to hackers. .alm-btn-wrap .alm-elementor-link{display:block;font-size:13px;margin:0 0 15px} The high cost of cyber attacks on small businesses. .alm-listing.rtl .alm-paging-content>li,.alm-listing.rtl .alm-reveal>li{padding:0 170px 0 0;text-align:right} .alm-layouts .alm-listing .alm-card .text-wrap{width:100%;height:100%;display:block;padding:0 7%;background-color:#222;-webkit-box-shadow:inset 0 0 0 10px #333,inset 0 0 0 11px hsla(0,0%,100%,.1);box-shadow:inset 0 0 0 10px #333,inset 0 0 0 11px hsla(0,0%,100%,.1);text-align:center} And put suitable protection in place threats can cause damage to a recent article by Adams. The sheer scale of the dangers faced by small firms every day the. Ransoms paid and hardware replaced ) but this is just the beginning from small business £25,700 last year in costs... 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