Wake-up call to business: Tighten up on information security
Monday, June 30, 2008 - 11:14
in Mathematics & Economics
According to the Department of Trade and Industry there are 4.5 million businesses in the UK of which 99.3% are small to medium sized enterprises (SMEs), employing 0-49 employees. These comprise 58.9% of the total workforce of 24.4 million and account for 51.9% of the £2,600 billion UK turnover. Bruce Hallas, a specialist in information security, said "SMEs are particularly prone to poor or even non-existent information security. As awareness of the importance of information security increases, the SMEs stand to lose competitiveness, potentially losing contracts with existing clients and suffering the financial consequences that are increasingly arising from information security incidents."