Micro businesses remain in the dark over cyber security according to poll by YouGov and Fasthosts | Cloud industry forum

Micro businesses remain in the dark over cyber security according to poll by YouGov and Fasthosts

Cloud Industry Forum member, Fasthosts recently conducted some insightful research with YouGov identifying the cyber security challenges facing small businesses in the UK.   There are clearly many misperceptions faced by the UK’s smallest businesses (those with 10 or fewer employees) when it comes to managing their data security. 

Drawing on new research by YouGov, the new report “Micro businesses are in the dark over Cyber Security” found that most micro businesses are unconcerned with where their data is stored, and most believe that they have never been the victim of a cyber-attack.  Fasthosts commissioned YouGov to determine how micro businesses in the UK view cyber security risks. In particular, Fasthosts was interested in the levels of awareness of the types of threats facing micro businesses, the steps they are taking to protect themselves and the data they hold, and the extent to which they use business cloud services within their digital security strategy.

The summary of the research findings were:

Security breaches and preparedness

  • 89% of decision makers in micro businesses claim to have never been affected by a cyber security breach, yet only 14% have intrusion detection systems in place to detect such a breach. These results also conflict with a 2016 report by the Federation of Small Businesses which found that two-thirds of FSB members had been a victim of cybercrime in the previous two years, costing an average of £3,000 per business.
  • While 84% of businesses claim to have “some form of cyber security protection in place,” the level of sophistication varies significantly: only 63% have a firewall, only 53% update their programs and systems regularly, and only 14% have intrusion detection systems in place.
  • Only 20% of micro businesses consider cyber security to be a high priority.

The role of the cloud in data security for businesses that store data

  • Only 15% of micro businesses are worried about where/how their business’ data is stored, but one-third (33%) would move data to the cloud for “greater data security”.
  • Despite the prevalence of cloud storage, only 44% of businesses that store data store at least some of their data in the cloud.
  • Only 10% of all micro businesses believe the cloud is more secure than an on-premise server vs. 32% who believe a dedicated server is more secure.

Read the full report here:  https://www.fasthosts.co.uk/blog/news/press-releases/yougov-and-fasthosts-report-cyber-security-micro-businesses