SMEs Beware: Cybersecurity Lapses Cost UK Businesses Billions, Says Vodafone
Vodafone Business warns that inadequate cybersecurity costs UK SMEs £3.4bn annually. With 52% of employees untrained and 32% of SMEs lacking protection, it’s a hacker’s paradise. Vodafone calls for government action, tax incentives, and more training to help SMEs dodge the cyber bullet. It’s time for businesses to stop being sitting ducks and start ducking cyber hits.
Hot Take:
Well, well, well, Vodafone Business has decided to don its cape and save UK SMEs from the clutches of cyber-villains, but not without a few not-so-subtle nudges at the UK government. Who knew that cybercrime might just be the perfect catalyst for a love-hate relationship between big business and big government?
Key Points:
- UK SMEs are losing £3.4bn annually to inadequate cybersecurity measures.
- Vodafone’s report highlights that over a third of SMEs experienced cyber-attacks in 2024.
- 52% of UK SME employees received zero cybersecurity training; 32% of SMEs have no protections in place.
- Vodafone recommends policy changes, including tax incentives and a revamp of the Cyber Essentials scheme.
- To sweeten the deal, Vodafone offers a free one-month trial of CybSafe for SMEs.
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