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May 24, 2013
The Federation of Small Businesses (FSB) has released new data on the impact of cyber crime on the UK’s small enterprises. As reported on Techradar.com, the FSB estimates that online crime and fraud costs individual businesses an average of £4,000 a year, with cyber crime costing the UK economy as a whole £27 billion a year. Approximately a third of FSB members have fallen victim to cyber attack in the past 12 months but despite growing awareness of the risks, small firms are not always taking enough preventative action. Although more than half of small businesses regularly update their anti-virus software, only 36 per cent have backup and data recovery routines and less than ten per cent have a formal information security plan in place. The FSB is encouraging businesses to invest more time in measures such as training staff in security practices, regular testing security on the company website and checking the credentials of cloud service providers.RSS