Tag Archives: Federation of Small Businesses

UK’s SMBs battling average of five cyber attacks per annum

Small and medium-sized businesses (SMBs) in the UK have faced up to an average of five cyber attacks in the last 12 months. That’s according to research commissioned by online encryption specialists Appstractor Corporation that highlights the growing threat such businesses face from online criminals.

A significant number of IT decision-makers in these SMBs believe they’re being put at greater risk of attack because their security software isn’t keeping pace with the sophisticated nature of the attacks with which they’re confronted.

According to the new independent report entitled ‘Under Attack: Assessing the Struggle of UK SMBs Against Cyber Criminals’. some businesses (19%, in fact) faced as many as ten attacks in the last year. IT bosses who took part in the research survey suggested that one of the major causes for concern for SMBs in the UK is that security and encryption software is aimed at individual consumers or large corporations and Governments, meaning that they cannot be deployed effectively in a small business environment.

SMBCyberSecurity

In fact, only 44% of IT decision-makers in SMBs believe that they’re able to properly protect themselves against cyber criminals using current software and systems when compared to the ability of large businesses to protect themselves.

A third believe that the UKs small business community – which makes up 99% of businesses, according to the Federation of Small Businesses – is being “forgotten about” and placed at a higher level of risk when compared to their larger counterparts.

When it comes to the level of threat faced by these smaller companies, Appstractor Corporation’s research found that 17% of companies faced at least one attack in the last year, 28% were attacked two or three times, 32% faced four or five attacks and 19% were attacked between six and ten times.

A small proportion of companies – 2% – said that their company had been targeted up to 20 times in the last 12 months.

Commenting on the report, Paul Rosenthal (CEO and founder of Appstractor Corporation) agreed that current solutions were not up to scratch. but also said that some SMBs were making themselves an easy target for criminals.

“It’s the case that SMBs are at a disadvantage in the cyber security arms race because software and platforms are not being effectively designed for them, so they have to shoehorn consumer or large enterprise-grade solutions into their company which don’t work in small businesses. IT managers and small business owners need to rid themselves of their current ideas that they are too small to be targeted and so don’t have to worry about security and encryption software. The reality is that small businesses are being targeted by criminals more than ever before. Techniques like automated mass targeting are putting them at a serious and present risk of attack.”

*To access the full report click here

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Companies showcased for London’s Cyber MarketPlace to innovate safely online

Academia, private industry and local business leaders joined forces on Thursday 1 June for the pre-launch presentation of the London Digital Security Centre’s MarketPlace at Mitre Passage in North Greenwich, followed by an ‘Evening with an Identity Thief’ with entertainer James Freedman.

Jointly hosted by the Federation of Small Businesses (FSB), the launch of the Cyber MarketPlace marks a key milestone in the Centre’s work to help small and medium-sized businesses in London operate in a secure digital environment.

The 19 companies chosen by the Centre for the launch of the MarketPlace at www.LondonDSC.co.uk are CensorNet, Clearswift, Cybereason, Cyber Rescue, IASME, ISMS.online, Newable, Panaseer, PAV, Rapid7, Securonix, Sims Recycling, Sophos, Symantec, Symphonic, Titania, TrapX Security, Yoti and ZoneFox.

LondonDigitalSecurityCentre

The MarketPlace presents solutions chosen by the Centre to help London’s businesses stay secure from digital crime. It provides SMEs with access to business resilience products and services supplied by private sector organisations who work in partnership with the Centre to enhance their ability to operate in a secure digital environment.

Matthew Jaffa, senior development manager for the FSB, stated: “What the London Digital Security Centre is offering to SMEs is totally unique. Its offering not only free membership, but a service backed by the Mayor of London, the City of London Police and the Metropolitan Police Service. Finding the right solution to improve a business’ online security can be a challenging task. What the Centre has done is take the hard work away and made it easier for businesses to enhance their security.”

Jaffa added: “The MarketPlace is a very useful resource for SMEs. Business owners should visit the Centre’s website to identify and obtain market-leading services that will help them to stay secure as they grow online.”

The Centre’s ‘Evening With’, sponsored by one of the Centre’s MarketPlace partners (namely Yoti) is just one of the events aimed at members to inform and educate on the world of cyber crime and to help prevent future cyber attacks.

James Freedman is widely considered to be one of the world’s greatest pickpockets. An entertainer and an expert on the subject of stealth crime, Freedman’s the only person to have picked the pockets of the Mayor of London, the Chancellor of the Exchequer and the Governor of the Bank of England!

John Unsworth, CEO of the London Digital Security Centre, commented: “Given recent events, our work could not be more timely or necessary. We’re starting to make a real difference to the digital security of businesses and helping to demonstrate that not only is London open for digital enterprise, but also that London’s businesses are at the forefront of ensuring they’re operating securely in the digital age.”

Unsworth concluded: “With the support of our founders, the Mayor of London, the City of London Police and the Metropolitan Police Service, we’ve identified digital security services that businesses need and put them together in one place.”

*For further information on the London Digital Security Centre visit www.londondsc.co.uk or contact John Unsworth via e-mail at: john.unsworth@londondsc.co.uk

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Veracity wins prestigious environment accolade at 2016 VIBES Awards

Veracity, the provider of innovative and intelligent solutions that solve real-world IP video challenges in transmission, storage and display has won a Vision in Business for the Environment of Scotland (VIBES) 2016 ‘Environmental Product or Service’ Award, which recognises the significant contribution to the environment made by the company through its products and approach to end-to-end product lifecycle management.

VIBES* is Scotland’s leading environmental awards scheme. For the last 17 years, it has recognised and rewarded those businesses contributing towards the country’s sustainable development by taking significant steps to either improve or reduce their impact on the environment. This year, 32 Scottish businesses were shortlisted from a record number of entries. Each of the finalists underwent a rigorous judging process, including a programme of site visits, in order that their environmental practices could be assessed.

The award recognises the significant contribution to the environment which Veracity’s products make while delivering cutting-edge technology and consistently reliable quality. The manner in which the company and its staff demonstrably commits to reducing energy costs in the production, performance and lifecycle of its products was duly recognised by the Judges.

Alongside the continued enthusiasm of the team, this award should assist in stimulating a wider adoption of the technology globally, in turn creating measurable environmental and economic benefits through a quantifiable reduction in the carbon footprint associated with the rapidly growing surveillance industry.

VIBES 2016 Awards Ceremony, Tue, 8, November, 2016

Veracity’s Murray Bothwell and Sam Brown accept the 2016 VIBES Award

Both Veracity’s COLDSTORE and TIMENET solutions were mentioned specifically for the significant levels of energy saved, as was the company’s consideration of the whole end-to-end product lifecycle.

“COLDSTORE has won a number of awards for technical innovation, so we’re delighted to see that its environmental credentials have also now been recognised,” said Alastair McLeod, Group CEO of Veracity. “Winning in our first year of entering these awards is a great achievement. We’re very grateful to the Veracity team that developed COLDSTORE, the design of which is underpinned by the three core values of the company: innovation, reliability and environmental awareness.”

Gillian Bruce, chair of the VIBES Awards, commented: “The VIBES Awards recognise and showcase the fantastic work being undertaken by businesses across the country to put sustainability at the heart of their operations, often saving money in the process. We’ve been very impressed by the high standard of entries in 2016, and with a record number of companies entering the VIBES Awards this year, it’s encouraging to see that so many businesses understand how reducing their environmental impact can also benefit their business. We would like to congratulate Veracity and all of our 2016 winners and finalists and hope that many more companies will be inspired to follow in their footsteps by recognising the benefits of sustainability in business.”

Alongside winning the Environmental Product or Service Award, Veracity was also shortlisted in the VIBES Innovation category and will now go forward to the larger-scale European awards which take place in 2017.

*VIBES is a strategic partnership between the Scottish Environment Protection Agency, the Scottish Government, Scottish Water, Scottish Enterprise, Highland and Islands Enterprise, Zero Waste Scotland, the Energy Saving Trust and Scotland’s 2020 Climate Group. The awards are further supported by CBI Scotland, the Institute of Directors, the Federation of Small Businesses, Bright Green Business and Quality Scotland

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