The cyber security risk to SMEs

By StoneHouse Logic

09 Feb 2015

One of the topics I always raise when visiting potential clients is what measures they have in place to protect their IT network and business from internet borne threats.

By Andy Long, Stonehouse Logic.

Disappointingly, a lot of small business owners and directors will often either plead ignorance in this department or, more worryingly, not feel this is something that will effect an SME. A common response is that why would a cyber-criminal target my little business, surely they are after the big corporations? The fact is, most large corporations have extensive budgets for cyber security making them a very difficult nut to crack. This has resulted in hackers moving lower down the chain and specifically targeting smaller business with weaker systems.

It's important to understand that today's hackers are no longer the spotty 16 year old sat in his bedroom trying to cause a bit of havoc. Cyber-crime is big business and is carried out by advanced criminal organisations and even governments. So ask yourself, do you have anything that may be of interest to them? The simple answer is if you have money in the bank, have some intellectual property such as a blueprint or formula that is unique or even if you are in the supply chain to a larger organisation then then the answer is most definitely yes.

Here are some facts. In 2014, 60% of small business reported a security breach. The cost of the worst breaches on average ranged from £60k to £115k and this figure has increased year on year for the last three years. I personally helped a local business that had what the owner described as a "substantial amount of money" taken from their bank account due to a security breach.

Increasingly, security breaches are cleverly targeted at a specific company. It doesn't take much detective work to find the names of people within a business and at that point a criminal organisation can start to use a "social engineered" attack with personalised emails to an employee containing malware, quite often followed up by phone calls claiming to be from their bank. This was the method used against the company I mentioned earlier and within minutes two transactions had been taken from the account.

Another threat that businesses often forget about is that of employees. You trust your employees with access to sensitive data and systems, however a large proportion of security breaches are either maliciously or accidentally caused by staff members. This can be either stealing important data or information, sabotaging data or just plain and simple deleting data by accident.

So what basic steps can you take to help protect your business? Here is a checklist:-

Malware protection

Ensure up to date antivirus is installed on all systems and that Windows or Mac OS security patches are updated regularly. Running out of date operating systems (such as Windows XP) and internet browsers is an easy way to invite problems

Network security

Use an effective firewall to protect your network at the boundary and ensure your wireless network is secure

Secure configuration

Keep an inventory of your IT equipment and software and use policies to ensure users have effective and difficult to crack passwords

Manage user privileges

Keep access for staff and third-parties to the minimum. Over-privileging users is a common way for data to be compromised or stolen.

Home and mobile working

Where possible, encrypt sensitive data on mobile devices and ensure online transmission of data is via secure methods only.

Removable media

Restrict use of media such as USB drives and memory cards and ensure any sensitive data that needs to be stored on these is encrypted.

Train your staff

This is possibly the most important area. Ensure your staff are aware of the risks and their role in keeping the business secure. As you can see, some fairly basic steps will help protect your business and mitigate the risk posed by cyber threats. If you have concerns or would like some further advice then please contact StoneHouse Logic and we will happily discuss how you can improve your IT security.

Enjoyed this? Read more from StoneHouse Logic

Latest news

1

Morecambe shortlisted in National Visa Awards celebrating the UK’s thriving towns David Waddington and John O'Neill

Morecambe shortlisted in National Visa Awards celebrating the UK’s thriving towns

04 Jul 2025

2

County council sets out 'areas of focus for 2025-26 in document Coun Stephen Atkinson

County council sets out 'areas of focus for 2025-26 in document

04 Jul 2025

3

Warden Construction completes project to help Preston school double pupil numbers Warden Construction completes project to help Preston school double pupil numbers

Warden Construction completes project to help Preston school double pupil numbers

04 Jul 2025

4

Grant Thornton advises RJ Power Networks on sale to Ipsum Jamie Roberts

Grant Thornton advises RJ Power Networks on sale to Ipsum

04 Jul 2025

5

College principal resigns Karen Buchanan

College principal resigns

04 Jul 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV123 July/August Launch Event
Lancashire Business View magazine launch
Networking
16 Jul 2025

LBV123 July/August Launch Event

Burnley

08:30 - 10:30

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

Tri-Site Survey Equipment Showcase
unnamed (2).jpg.jpg
LBV Hub Seminars
09 Jul 2025 - 09 Jul 2025

Tri-Site Survey Equipment Showcase

Crow Wood Hotel, Burnley, BB12 0RT

09:30 - 16:00

Blackburn Cathedral hosts Champagne and Diamonds Event with Ainsworth Jewellers
Champagne-Jewellery 10 07 25_page-0001.jpg.jpg
LBV Hub Awards
10 Jul 2025 - 10 Jul 2025

Blackburn Cathedral hosts Champagne and Diamonds Event with Ainsworth Jewellers

Blackburn Cathedral, Blackburn, BB1 5AA

18:00 - 20:30

Choose Chorley for Business - Talent Reimagined Business Breakfast
talentreimaginedbb.png.png
LBV Hub Seminars
10 Jul 2025 - 10 Jul 2025

Choose Chorley for Business - Talent Reimagined Business Breakfast

Strawberry Fields Digital Hub, Chorley, PR71PS

08:00 - 10:30

Shaping Preston's future by remembering its past
1750160034867.png.png
LBV Hub Networking
16 Jul 2025 - 16 Jul 2025

Shaping Preston's future by remembering its past

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 20:30

Chamber Summer BBQ
LBV Hub Social
17 Jul 2025 - 17 Jul 2025

Chamber Summer BBQ

The Borough, Dalton Square, Lancaster, LA1 1PP

17:30 - 20:00

Preston Tech Connection: Web3 is Dead. Or is It?
July Longer Banner.jpg.jpg
LBV Hub Networking
29 Jul 2025 - 29 Jul 2025

Preston Tech Connection: Web3 is Dead. Or is It?

Society1, Coworking Space, Preston, PR1 3LT

18:00 - 19:30

Preston Freelancer Meet-Up: July
Longer July Banner.jpg.jpg
LBV Hub Networking
31 Jul 2025 - 31 Jul 2025

Preston Freelancer Meet-Up: July

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV122 Online Graphic
Subscribe now

Weekly news bulletin