Cybersecurity Tips for Small Businesses

Online cyber attacks on UK businesses are increasing year on year, and it's becoming a high priority for companies to prevent such attacks from happening. According to the Federation for Small Businesses (FSB), small businesses in the UK suffer from 10,000 cyberattacks per day. 

The report also highlighted that one in five (20%) small businesses had suffered from a cyber-attack or data breach. These attacks cost businesses money. In fact, the annual cost to businesses is estimated at £4.5 billion, with the cost of a single attack averaging £1,300. Not only this, but it can also cost businesses their reputation.

Leveraging open banking solutions and exploring revenue-based loans can provide businesses with the resources needed to enhance cybersecurity measures and proactively combat cybercrime. It's not all doom and gloom. Companies can do their bit to help combat cybercrime. 

There are simple ways for businesses to help prevent attacks, such as installing good anti-virus software on all PCs and mobile gadgets, changing passwords consistently (weekly or monthly), and training staff to spot and report such threats. This infographic shows ten cybersecurity tips that your business should implement with little cost.
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