Feeds

Small.biz has crap security

When is a door not a door? When it's ajar

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Small firms are at risk of disclosing their financial statements to unauthorised parties due to a lack of IT security, KPMG says.

A global study carried out by KPMG found 87 per cent of those firms surveyed had suffered security breaches in the past year.

According to KPMG, small businesses could be at risk of disclosing financial information such as balance sheets and profit and loss accounts to parties outside their company.

“Many businesses are failing to determine the level of risk they are exposed to, and are unsuccessful in identifying the security weaknesses within their IT systems and management practices,” KPMG says.

The study discovered that many small firms had implemented a single layer of protection such as a firewall. But multiple security mechanisms and appropriate management practices are needed, it points out.

KMPG notes the difficulty in finding specialist security skills across many areas and many small businesses tend to employ general IT staff or one IT manager who lacks a broad range of security skills.

Instead, KPMG recommends small firms should consider increasing their range of security skills available within their IT departments or alternatively outsource their IT security to ensure the right skills are on tap.

“Most organisations are over confident in the measures they use to protect themselves – the most successful adopt a layered security approach using a series of overlapping controls.

“Each control might only be 50 per cent effective but three or four of them working together can produce a greater level of security than one control can, even one that is 80 per cent effective,” KPMG said.

© Startups.co.uk is the biggest independent small business site in the UK. It has more than 2500 articles covering everything from taking on staff to dealing with VAT.

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.