First we must understand the monumental problem SMEs are facing. Cybercrime and fraud represented 43% of all crime in the UK in 2019. Crime statistics show that there are two and a half times more frauds and cybercrimes than any other type of crime in the UK.
Cybercriminals are not just targeting big business or the vulnerable elderly either. SMEs are a lucrative target for them due to easily exploitable processes and controls, or the lack of, which tend to be in place.
Investing in cyber security does not need to break the bank and can pay dividends in the long-term. The latest Home Office research shows SMEs experienced substantial costs in dealing with the impact of cybercrime. Much of which could have been reduced through cost-effective protection.
In one case an SME incurred over £80,000 in costs dealing with the consequences of the incident. Another lost £40,000 and 70% of their customers as a result of a hacking attack. Unfortunately, cautionary stories like this are not one-offs and are on the rise.
Partial protection against cybercrime is no protection.
That is why we deliver an all-round solution at a price
which you can’t afford not to take up.
— Rt. Hon. Priti Patel MP, Home Secretary
— Europol (The European law enforcement agency)