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The Dangers of Poor Cyber Security Practices for UK Businesses

  • Writer: Innovec
    Innovec
  • Mar 1
  • 1 min read

Updated: Mar 23


Cyber security is one of the most important responsibilities a business has, yet it remains one of the most commonly overlooked.


The risks are real and closer than most businesses realise. In 2024, the average cost of a cyber attack on a UK business was £10,830. Here's what's at stake and what you can do about it.



What Are the Risks of Poor Cyber Security?

Weak or outdated cyber security practices can lead to:

  • Data breaches

  • Loss of confidential client and business data

  • Financial loss

  • Legal penalties under UK GDPR

  • Reputational damage and loss of customer trust

  • Increased vulnerability to further attacks


In 2024, 81% of all UK businesses that suffered a cyber attack were SMEs. For smaller businesses without dedicated IT resources, the consequences of even a single incident can be severe.


What You Should Have in Place

  • Multi-factor authentication (MFA)

  • Strong passwords and a password manager

  • Restricted access to sensitive files

  • Regular access permission reviews

  • Up-to-date software and security patches

  • Endpoint detection and response (EDR) software

  • Cyber security awareness training for your team

  • A trusted IT support partner


Need Help Securing Your Business?

If any of the above isn't in place, now is a good time to act. Most businesses don't know where their gaps are until it's too late. We carry out honest, straightforward assessments and help you put the right protection in place. Get in touch today.

 
 
 

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