SMEs to be on their guard as Cyber Crime surge hits the UK

Cyber crime and fraud now account for half of all crime in the UK, as reported in the latest crime figures from the Office for National Statistics, which is a 65% increase in cyber crime compared with the same period in 2019. If you look a little deeper into the numbers you can see that the 65% increase occurred during April to June this year, a clear indication that Covid 19 is having an impact. This could be down to cyber criminals taking advantage of security vulnerabilities caused by organisations moving employees to home working and the increased risks this causes.

As more and more organisations replace face to face communication with digital communication, and have employees working from home, increased transmission of sensitive data internally and externally massively increases the volume of targets for cyber fraudsters. This data is often an organisation’s biggest asset, which can carry a huge financial value, and this hasn’t gone unnoticed by the criminals. Research has found that globally:

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