Actu
Comments from Lloyd’s - Small businesses victim of 7m attacks
June 2016 by Lloyd’s
Following the news from The Federation of Small Businesses about how small businesses are the target of 7m attacks per year, please see below comments from Geoff White, underwriter at Lloyd’s.
“Many UK businesses are not aware of how exposed they are, believing they are too small or have nothing worth stealing to be a victim of a cyber-attack. However, technology is so fundamental to how businesses run that cyber is a risk regardless of size or industry. This research highlights that shocking reality.
“There’s no such thing as perfect cyber security, and with the introduction of the new EU regulations small businesses will be financially impacted. We know it’s now a matter of “when, not if” a company suffers a cyber-attack or breach, but they shouldn’t be company-ending events. Businesses should look into a wide protection, including cyber insurance, to protect their balance sheet and help get them back on their feet.”
