Feeds

Businesses failing to recognise cybercrime dangers

IT security not a high enough priority

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Small businesses are still failing to recognise the dangers of cybercrime, according to new research.

A report, by Bibby Financial Services, reveals that small business owners are leaving themselves exposed to computer viruses and hackers, and risking major disruption to their daily operations.

Despite the fact that small businesses are willing to embrace new technologies (78 per cent now have Internet access), 12 per cent of respondents still have no anti-virus software in place to protect valuable data.

This is in spite of the fact that 43 per cent of the country's small firms have been affected by a computer virus at some time.

Increasing cases of cybercrime costs European business £14.7bn to clean up and recover, while virus outbreaks can cost businesses an average of 5000 to resolve.

David Robertson, chief executive at Bibby, said: "It is disappointing that while small firms are willing to invest in new technology, a significant minority are still unaware of how vulnerable access to the internet can leave them.

"This year has seen more viruses than ever before and they are becoming increasingly severe. Purchasing the latest state-of-the-art laptop or connecting to broadband is not enough, business owners and managers need to put IT security at the top of their business agenda."

Copyright © 2004, Startups.co.uk logo

Related stories

Tektrol's worst case scenario
Online extortion works
Gimme clean bandwidth

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.