Cyber-attacks against SMEs have surged in recent years.
The average cost of a cyber-attack for a small business was £3,398 over the past year.
According to research by Vodafone, the figure rising to £5,001 for those with 50 or more employees, while UK small and medium sized enterprises (SMEs) are incurring annual losses of £3.4 Billion due to inadequate cybersecurity measures.
The research found that cyber-attacks against SMEs have surged in recent years, with more than a third (35 percent) experiencing a cyber incident in 2024 alone, whilst 32 percent have no cybersecurity protections in place at all - 38 percent have invested less than £100 a year in cyber defences.
Also, 52 percent of UK SME employees have received no cybersecurity training.
Written by
Dan Raywood is a B2B journalist with 25 years of experience, including covering cybersecurity for the past 17 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Forum, BSides Scotland, Steelcon and the National Cyber Security Show, and served as editor of SC Media UK, Infosecurity Magazine and IT Security Guru. He was also an analyst with 451 Research and a product marketing lead at Tenable.
