15 November 2017
SMEs urged to prioritise workplace data security
Small business leaders are being urged to prioritise data security training as a first line of defence against workplace fraud, this International Fraud Awareness Week.
Data security firm Shred It estimates the average cost of remedying a data breach is £2.48 million, and says malicious or criminal attacks are now the primary root cause of data breaches.
According to Shred It, around half (47%) of SMEs that have suffered a data breach say it was the result of deliberate theft or sabotage.
The organisation warns that small and medium sized enterprises (SMEs) are a prime target for fraudsters with generally less robust security processes than larger firms.
Neil Percy, vice president for market development and integration at Shred-it, says: "Information security training still sits low on the list of business priorities for most small companies. However, as we reach the six-month countdown to the GDPR (General Data Protection Regulation), it is vital to ensure employees are trained to protect both their own information, as well as information belonging to colleagues, customers and other stakeholders."
Mr Percy says action to protect workplace security should come from the top.
"Executives and managers should foster a culture of security among their employees by being proactive when it comes to data security," he added, while urging training to be refreshed on a regular basis.