SMEs Beware: Cybercrime Costs Skyrocket to £3.4 Billion Annually!
SMEs are losing nearly £3.4 billion annually to cybercrime, according to Vodafone. With an average loss of £3,398 per SME, these businesses face a digital dilemma. Many still think, “Who would hack little ol’ us?” But hackers aren’t picky. Prioritize cybersecurity and stop assuming you’re too small to be noticed.
Hot Take:
Looks like cybercriminals aren’t just going after the big fish anymore. They’re happy to nibble away at the small fry too! SMEs, it’s time to stop being the “ATM” in “cyber cat and mouse” games. Level up your security before you find yourself in the phishing net!
Key Points:
- SMEs lose nearly £3.4 billion annually due to cybercrime.
- The average loss per SME is £3,398, thanks to data breaches and business interruptions.
- Budget constraints and lack of cybersecurity talent exacerbate the issue.
- 52% of SME employees haven’t received formal security training.
- Cybercriminals target businesses of all sizes, not just large corporations.
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