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FSB cyber crime research helps to protect small firms

Research by FSB into the threat small firms face from cyber attacks featured in a roundtable debate in Parliament, hosted by the All-Party Parliamentary Group for small and microbusiness. 

At the event, FSB’s Home Office and Ministry of Justice Policy Unit Chair Richard Parlour cited the research, which shows that small firms are collectively attacked seven million times a year, costing the UK economy £5.26 billion. 

“Cyber security has become a big issue for SMEs,” he said. “The UK is trying to develop itself as one of the worldwide hubs for ecommerce, and with that comes vulnerability and threat.”

Terry Wilson, Cyber Crime Programme Lead for the National Police Chiefs’ Council, encouraged businesses to take steps to prevent an attack, and to report any incidents to ActionFraud.

He said: “Contrary to popular belief, we will put the dots together and we will go after criminal networks no matter where they are in the world. So share that information, because that could end up resulting in us going down the prosecution route and dismantling a criminal network.”

To read FSB’s report, Cyber Resilience: How to Protect Small Firms in the Digital Economy, visit bit.ly/2gfJHA8