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Many UK SMEs Lack Cyber Training Despite Rising Threats
- A study by BT and Be the Business reveals that 39% of UK SMEs have not provided cybersecurity training to their employees, despite heightened cyber attack risks.
- 42% of small businesses and 67% of medium-sized companies have experienced cyber attacks in the last year.
- On average, micro and small businesses spend around £7,960 to recover from disruptive breaches.
- Phishing affects 85% of UK businesses, while ransomware incidents have doubled in the past year, impacting 1 in 100 businesses.
- Businesses with proactive cybersecurity strategies exhibit a 20% higher growth rate.
- BT launched a security training program for SMEs to combat cyber threats like those from AI and quantum computing, as well as account takeovers and QR code scams.
- Tris Morgan, MD for Security at BT, stresses the importance of cybersecurity for SMEs, stating it is crucial for business survival.
- Effective cybersecurity is achievable for SMEs with proper training, even without extensive resources.
- 18% of UK SMEs are concerned about AI-related threats, with 69% considering AI tools to mitigate cyber risks.
- Nearly half of business leaders seek cybersecurity advice from industry experts.
- The article discusses the lack of cyber training among UK SMEs despite the increasing cyber threats and the benefits of proactive cybersecurity measures.
- BT's security training initiative aims to equip SMEs with the knowledge to protect against evolving cyber threats.
- Phishing and ransomware are highlighted as prevalent threats impacting a significant number of businesses.
- Benefits of investing in cybersecurity include reduced risk exposure and potential for higher business growth.
- SMEs are encouraged to recognize cybersecurity as essential for long-term business success.
- Many UK SMEs are looking to AI tools and external expertise to enhance their cybersecurity measures.
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