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26 Jul 2023

“Red tape and barriers to trade” currently affecting businesses because of Brexit have been blamed by cycle distributor FLi Distribution after it ceased trading with immediate...

25 Jul 2023

Norwich has triumphed ahead of Newcastle and Belfast to be named the most cycle-friendly city in the UK, scoring  high marks for categories like cycle routes, bike sharing schemes and...

25 Jul 2023

ACT member BikeTown in Rutherglen is to hold a cycling festival in the lead-up to the 2023 UCI Cycling World Championships.

24 Jul 2023

Eleven local authorities in England have been funded to enable health workers prescribe walking and cycling to patients.

24 Jul 2023

Cycling Electric has run an interesting article on the value of buying an e-bike from a local independent bike shop.

11 Jul 2023

Charity Cycling UK has launched The Big Bike Revival 2023 to support new and returning cyclists through a programme of free events.

11 Jul 2023

A survey undertaken by ACT members The Electric Bike Shop has shown that specialist bike retailers are continuing to see the benefit of having physical high street stores over a pure ecommerce...

11 Jul 2023

Giant UK has partnered with Activate Cycle Academy and the Association of Cycle Traders (ACT) to provide a Cytech technical e-Bike qualification.

11 Jul 2023

As of 30th June 2023, the registered Head Office for V12 has relocated, and as a result their registered office address has changed.

3 Jul 2023

Cytech, the internationally recognised training and accreditation scheme for bicycle technicians, has announced that Whistler Adventure School (WAS), a private career training institution in...

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Protect your business against the fastest growing crime in the UK with cyber insurance

Posted on in Business News , Cycles News

Cyber attacks can occur at any point in time, businesses fend off all types of cyber attacks around the clock, 24/7 365.

From insider threats, through social engineering, to phishing, malware cross site scripting cyber attacks can start anywhere at any time.
For the majority of businesses their normal working environment transformed overnight, with COVID-19 restrictions significantly increasing remote working and resulting in greater opportunities for cyber crime. No longer does a company have to just protect its business locations, there are now hundreds, even thousands of locations to protect. Even businesses created to support remote and flexible working struggled to manage the risk and exposure on such a large basis.

The majority of victims of cyber crime are Small to Medium Enterprises. Ransomware attacks, fund transfer fraud, phishing, vishing and social engineering are all made far easier with employees working remotely, combined with insecure home Wi-Fi.

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Lack of investment

The media always report the big security breaches at major well-known companies, however, SME’s are the more common victims of cyber crime and attacks.

The reason you do not hear about SME’s is that no business wants to have their reputation ruined by admitting they have been a victim of cyber crime. The Federation of Small Businesses estimates that SME’s are facing up to 10,000 attacks daily. Cyber criminals see SME’s as easy targets, even though the proceeds are less. A lot of SME’s lack awareness and resources, investment in IT security and staff training on cyber security risks.

To learn more about cyber insurance click on the button below.

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