As an SME, there is near enough a 1 in 2 chance (or higher) that your business will be subject to a cyber attack – if it hasn’t happened already. This is one of the reasons why Gloucester based Ascentor decided to develop a cyber security service to help improve the cyber defences of SMEs.
The data comes from the 2019 Cyber Readiness Report by business insurer Hiscox. They found that the proportion of small firms (less than 50 employees) reporting one or more incidents (typically a ransomware attack, denial of service or email scam), rose last year from 33% to 47%. For medium sized firms (with between 50 and 249 employees) the proportion leapt from 36% to 63%. With around 3,500 SME sized businesses in the Gloucestershire area, that’s a large number of local businesses potentially at risk.
CyberWyse – smart packaging of cyber security
Ascentor, who are based at the Waterwells Business Park near Quedgeley, have designed a service called CyberWyse. It’s a smart packaging of the UK’s best-known cyber security measures for SMEs that will provide all the support needed to protect a business from basic cyber attacks. CyberWyse includes the Government backed Cyber Essentials Scheme (CE) Plus and the Information Assurance for Small Medium Enterprise (IASME) Governance Standard which includes cyber security insurance.
Why SME cyber security often fails
Often an SME won’t have the time, skill or resource to manage their own cyber security to an effective level of protection. For example, research from the Federation of Small Businesses show that 35% of small firms say they have not installed security software over the past two years. In addition, 40% do not regularly update software, and a similar proportion do not back up data and IT systems. Fewer than half (47%) have a strict password policy for devices.
Commenting on the launch of CyberWyse, Ascentor’s MD, Dave James, said “A lot of SMEs feel that they should be doing more about their cyber security, especially those that have already been hacked. The good news is that basic cyber security measures and precautions can protect your business against 80% of cyber attacks – and improve your cyber security defences going forward. CyberWyse is designed to help those who want to take action but are wondering where to start. It is a quick and effective approach to reducing your organisation’s exposure to cyber risk.”
Free tips for SMEs
As part of their drive to help SMEs become aware of the cyber threats they face, Ascentor have also published a free ebook called ‘Practical Cyber Security Guidance for SMEs’ which is available to download from Ascentor’s website.
CyberWyse is available to local SMEs in the Gloucestershire area, delivered from Ascentor’s HQ. The service includes a site visit to your premises where we will review your current security approach and carry out a high-level network review and a vulnerability scan of your system.
Any questions? Please contact the team at Ascentor.
T: 01452 881712