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8 Sep 2022

We’re giving our support again to the #BikeIsBest campaign and particularly its latest billboard campaign which disputes the arguments that electric vehicles are a "catch-all" solution and...

8 Sep 2022

The new Prime Minister Liz Truss has announced the much-anticipated support plan to help households and businesses cope with rising energy costs.

8 Sep 2022

An investigation by the Daily Telegraph has found that, in the almost 24,000 neighbourhoods where there has been at least one bike theft since June 2019, 87 of cases have been closed without a...

8 Sep 2022

Make sure your V12 Retail Finance contact details are correct by updating your records. 

6 Sep 2022

27% drop in number of cycling trips per person in 2021 compared to 2020, new data reveals.

5 Sep 2022

There’s still time for bike shops to urge their customers to get involved with Cycle September, the world’s biggest group ride.

5 Sep 2022

With more people heading back into cities and offices after the pandemic, the topic of road safety has never been more important. Especially for cyclists, it’s vital to be aware of the...

1 Sep 2022

Home Office data has shown more customers leaving shops, restaurants and petrol stations without paying as the cost-of-living crisis bites. The data shows there were 51,486 offences of...

31 Aug 2022

Industry charity GroceryAid has teamed up with Business Debtline to provide support and guidance to the growing number of independent retailers facing debt and unpaid invoices.
The move...

30 Aug 2022

Nearly 14% of small UK businesses expect to close in the next twelve months, according to a new report published by the Federation of Small Businesses.

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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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