Being your own boss means you’re responsible for protecting your business against the threat of cyber-attacks and data breaches. With seven million cyber-crimes targeted at small businesses in the UK every year, these incidents can happen to any business, no matter how small. It’s vital to put measures in place to safeguard your business.
Protecting company and customer data is also a legal requirement under the Data Protection Act (2018), which incorporates the UK General Data Protection Regulation (UK GDPR). All data or information that relates to an identifiable individual that your business stores or handles needs to be properly protected, whether it’s staff information or a client’s personal details.
Failing to adequately protect your business can be costly. According to the Cyber Security Breaches Survey 2021, the average cost of a cyber incident for a small business is £8,460, not to mention the potential for fines for non-compliance.