Internet crime threatens small business continuity

Government research suggests that nearly 50% of small firms have fallen victim to cyber criminals.

Some 60% of small firms worry that the business would be forced into temporary closure if their computer systems were affected by a serious failure or cyber attack. Worryingly, 95% of small firms feel they do not have the skills required to adequately protect themselves from computer problems that, on average, cost £1,500 in lost revenues.

Mike Bowman, MORE TH>N BUSINESS, said: "Computer systems bring huge benefits for small firms, but also extra business risk. Business interruption caused by the failure of computer systems can bring a business to its knees almost overnight, so it's important to be sure that these kinds of eventualities are covered by adequate business insurance, including business interruption cover."