Think Cyber Risk is only a big business issue?

Think again, here is one way a smaller businesses was impacted Small business hits by cyber fraud fined for non compliance with PCI DSS

In the early 2000’s a husband and wife had the idea to set up a specialist Ironmongery business to meet the needs of the trade and homeowners.    
Over the next few years, the business grew outstripping the first warehouse and by 2010 they had moved into larger premises and had built a professional website that added reach and customers.   

Cyber Street Wise campaign targets Cyber Security

Cyber Street Wise is open for Business According to a government report released last year, 87 per cent of small firms surveyed suffered an online security breach in the previous 12 months, including data corruption and loss as well as hacking and fraud.

The financial losses associated with cyber crime are just as significant for small businesses as they are for larger ones and small businesses need to do more to protect themselves and their customers online.  

Government boosts support to SME's to address rising Cyber threats

Innovation Vouchers TSB - Cyber Risk

The Information Security Breaches Survey, commissioned by the Department for Business, Innovation and Skills (BIS), reveals that the number of cyber attacks hitting businesses has increased over the last year. It showed 87% of small firms experienced a security breach last year - up 10% - and 93% of large organisations had also been targeted and found some attacks caused more than £1 million of damage.