{"id":2473,"date":"2018-06-07T09:24:55","date_gmt":"2018-06-07T09:24:55","guid":{"rendered":"http:\/\/www.bainesjewitt.co.uk\/blog\/?p=2473"},"modified":"2018-06-07T09:24:56","modified_gmt":"2018-06-07T09:24:56","slug":"one-in-ten-smes-have-spent-more-than-50000-recovering-from-a-cyber-attack","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/one-in-ten-smes-have-spent-more-than-50000-recovering-from-a-cyber-attack\/","title":{"rendered":"One in ten SMEs have spent more than \u00a350,000 recovering from a cyber attack"},"content":{"rendered":"<p>A worrying new report has revealed the true costs small and medium-sized enterprises (SMEs) can face if they fall victim to cybercrime.<!--more--><\/p>\n<p>According to insurance company Zurich\u2019s latest <em>SME Risk Index<\/em>, almost one in six SMEs have suffered either a cyber-attack or serious data breach in the past year.<\/p>\n<p>Of the businesses that have been hit, a fifth have had to spend between \u00a310,000 and \u00a340,000 to put things right \u2013 while one in ten have spent more than \u00a350,000.<\/p>\n<p>Following these findings, experts are warning that small businesses need to take greater care in ensuring they are better protected.<\/p>\n<p>This is especially important following recent changes to data protection laws, it has been warned.<\/p>\n<p>This is because, under the new General Data Protection Regulation (GDPR), which is now in full force as of 25 May 2018, businesses could face hefty fines if they suffer a data breach.<\/p>\n<p>For the most serious breaches, these fines could amount to up to \u20ac20 million or four per cent of annual turnover, depending on which is higher.<\/p>\n<p>Businesses are being advised to take the following steps to improve their cyber-security:<\/p>\n<ul>\n<li>Encrypt company devices and data for greater protection.<\/li>\n<li>Use cloud technology to back-up important data off-site.<\/li>\n<li>Train their staff how to prevent, and ward-off, data breaches.<\/li>\n<li>Monitor abnormal behaviours and transactions.<\/li>\n<li>Change computer passwords regularly.<\/li>\n<li>Invest more money in improving cyber security.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A worrying new report has revealed the true costs small and medium-sized enterprises (SMEs) can face if they fall victim to cybercrime.<\/p>\n","protected":false},"author":2,"featured_media":2475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30,31,25,4,26],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2473"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2473"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2473\/revisions"}],"predecessor-version":[{"id":2474,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2473\/revisions\/2474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media\/2475"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}