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30-05-2011

SMEs feel more at risk from crime

Over a third of smaller businesses believe they are more likely to be the victim of burglary since the start of the financial downturn, according to recent research. This also revealed that there is considerable concern in the sector over e-risks and cyber crime.

The research, carried out by Hiscox, showed that 38 per cent of respondents believe they are at a higher risk of burglary than previously because of the economic climate. This therefore makes it all the more important to put robust security measures in place.

Carried out in the wake of the Government’s report which stated that cyber crime was costing the UK economy £27bn a year, the research also revealed that nearly a quarter of SMEs are concerned about cyber crime such as hacker attacks or electronic ID theft, while only eight per cent are worried about having cash stolen from their premises.

Hiscox gives a useful list of security tips to help protect SMEs against online and offline risks, which can be found here.

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