15/07/2013

Firms Urged To Think About Cyber Security

SDLP Foyle MP Mark Durkan has urged businesses in L'Derry and throughout Northern Ireland to think about cyber security and follow the Federation of Small Businesses (FSB) top tips to stay safe online.

The Federation of Small Businesses recently published a report,Cyber security and fraud: the impact on small businesses, which hows that cyber crime costs its members around £785 million per year as they fall victim to fraud and online crime.

The report shows that 41 per cent of FSB members have been a victim of cyber crime in the last 12 months, putting the average cost at around £4,000 per business. Around three in 10 members have been a victim of fraud, typically by a customer or client (13%) or through ‘card not present’ fraud (10%).

However, the report finds that almost 20 per cent of FSB members have not taken any steps to protect themselves from a cyber crime, even though 36 per cent of respondents said they regularly install security patches. Almost six in 10 members regularly update their virus scanning software to minimise their exposure to online crime.

In response to this the FSB has developed ten top tips for small firms to help them keep their data secure and reduce the risk of online fraud. The tips include measures on having the right security protection and practices, staff training, and having regular assessment and testing of security.

Mr Durkan said: "Cyber crime can hit small firms hard, so it’s important they think carefully about the procedures in place to prevent it. The FSB’s top tips are an excellent tool for businesses that aren’t sure where to turn to for advice, and set out clear steps that can be taken to reduce the risk of operating online."

(CD/MH)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

11 October 2017
Five Simple Steps To Thrive Online
A new guide from the National Cyber Security Centre (NCSC) aims to help small businesses shield themselves from potential online attacks. Research by the Department for Digital, Culture, Media and Sport (DCMS) earlier this year found that nearly half (45%) of all micro/small businesses identified a cyber security breach or attack in the last year.
17 May 2019
Cyber Security Scholarships Launched At QUB
As Northern Ireland's cyber security industry gains in investment attraction, Queen's University Belfast is offering 40 full scholarships worth over half a million pounds for a specialist programme.
05 May 2016
NI Firms Not Taking Cyber Security Seriously Enough - IoD
Northern Ireland businesses are not taking cyber security seriously enough, the Institute of Directors (IoD) has warned. In a recent report, 'Cyber Security: Underpinning the Digital Economy', supported by Barclays, the IoD revealed that UK companies were keeping quiet even though half of attacks resulted in interruption of business operations.
17 February 2017
Mentoring And Tailored Advice Offered To Cyber Security SMEs
The Digital Catapult Centre is to host a cyber security workshop, offering mentorship, tailored advice and business basics for small and medium enterprises (SMEs) involved in the industry. Cyber 101 is a national programme supported by £1 million in funding from the Department for Culture, Media and Sport.
02 August 2016
Cyber Security Briefing To Advise Businesses On How To Stay Safe Online
A free cyber security event is to be held in Belfast to advise businesses how to make themselves more secure. While advances in information technology fuel growth and transform how businesses operate, these advances "come at a cost", with cyber criminals actively using technology to commit crimes including fraud and extortion.