- New Vodafone -Research outlines serious concerns for SMEs in the UK
- Many companies receive no cyber security education
- Cultivating organizations are most exposed to
Smaller companies are facing a serious threat from cyber criminals, new research from Vodafone has revealed, with an estimated £ 3.4 billion in revenue lost a year to cyberattacks.
Growing organizations have a special risk, with 80% of those with over 50 employees experiencing an attack – four times more than those with fewer than 50 workers.
Courtingly, more than half (52%) of SMEs have not received cybersecurity training, and Vodafone claims that “more targeted attention campaigns are needed” to ensure cybersecurity is ingrained in SME business plans and to “support proactive cyber -risk steering.”
AI -acceleration
These attacks are also expensive, with 28% of the SMEs surveyed, warning that the average incident costs (£ 6,940) would be enough to put them out of operation, which corresponds to approx. 530,000 companies in danger.
Most SMEs are concerned about the effects of AI on cyberattacks, and rightly.
AI allows attackers with fewer skills to send more attacks and these are more sophisticated than ever before. The barrier to cyber criminals entry is significantly reduced thanks to AI technologies, which proves to be a challenge for SMEs and global organizations.
In fact, AI-driven cyber threats become the main concern of all-size companies, with qualifying deficiencies seriously affecting the average company’s ability to defend against a growing attack on attacks.
“Tackling the cyber security gap requires crucial government action to minimize loss of income and incentive investments in digital security,” said Nick Gliddon, business director at Vodafone UK.
“This report encourages politicians to take immediate and decisive actions to protect SMEs online by offering financial support in the form of tax incentives, grants and subsidies for cyber security and certification.”
“To ensure that the security of these companies is not just about preventing financial losses – it is about promoting their long -term resilience and maintaining their important contribution to the broader economy.”
