Cyber Security for Business at Farrer & Co LLP
Over Breakfast and a panel discussion, the audience was able to find out how they can protect their business from cyber threats and how to improve security.
The panel of experts is chaired by Julian Pike of Farrer & Co and also includes Neil Sinclair of London Digital Security Centre, Paul Kenealy of Xcina and Chris Pinder of IASME
875,000 SMEs across the UK have been affected by a cyber-attack over the last 12 months, with firms in London worst affected.
Of the companies hit, just over a fifth reported that it cost them more than £10,000 and one in 10 said that it had cost them more than £50,000.
But despite those potential losses, a survey of over 1,000 UK SMEs also showed 49 percent admitted that they plan to spend £1,000 or less on their cyber defences in the next 12 months, while 22 percent said that they don’t know how much they will spend.