SMBs must get up to speed with IT security, insurer urges

Tuesday 29 October 2013

Too many small and medium-sized businesses (SMBs) are failing to take the necessary IT security precautions, it has been claimed.

According to the Hanover Insurance Group, understanding and building protection against cyber threats should be part of risk planning, but too many businesses are failing in this regard.

Michael R. Keane, president of small commercial at the firm, said it is important to identify risks and review existing practices in order to boost security.

But how can this be achieved by UK SMBs?

The Hanover have offered five tips to SMBs to boost their IT security, including encrypting data to ensure information cannot be used by third parties, and knowing their personnel.

"Insider threat is one of the main causes of data breach incidents," the firm stated. "The fact is, employees are often the weakest link in the security chain."

The Hanover also urged SMBs to think about insuring themselves, should the worst happen and they suffer a data breach.

It called on SMBs to understand exposures in order to ensure they have the necessary level of protection, and also have an incident response plan developed in advance.

Research conducted by the Ponemon Institute suggests 55 per cent of SMBs experienced at least one data breach in 2012, while 53 per cent had multiple breaches.

Find out how Microsoft security solutions can assist your business.

Posted by Alex Boardman