SMEs urged to be “cyber streetwise”

The campaign today revealed new figures which show most (82 per cent) of consumers would buy more online from SMEs if they could better demonstrate how well-protected they are.

Security minister James Brokenshire said:u2028 ?The internet has created huge opportunities for SMEs, but more businesses need to ensure they are protecting themselves from cyber criminals.u2028

?u2028Companies who have effective cyber security in place can gain an advantage over their competitors because they are trusted by their customers. If people are aware their data and details are safe they are more likely to do business with you.?

The research found that half of SMEs are already cyber streetwise, but that the other half could do more protect themselves by using measures such as regularly updated security software, more complex passwords and regularly monitoring their systems for breaches. 

It also found that the majority (59 per cent) of consumers prefer to shop with big companies for security reasons, and 75 per cent of procurement managers at big firms require small suppliers to verify their security credentials. 

Science minister David Willetts said:u2028 ?Small firms are vital to help keep the UK ahead in the global race, so it is important they know how to stay safe online.u2028

u2028?With the cyber threat facing UK companies growing I am encouraging businesses to do more to protect themselves online. Putting cyber security measures in place is good for business and good for growth, but as these figures show more work still needs to be done.?

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