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Umbrella company cyber risk

Cyber security has been becoming an issue for umbrella company and limited company alike.

According to the Federation of Small Businesses (FSB), small to medium-sized enterprises (SMEs) are losing up to £800 million to cyber crime.

Over the past year, 41 per cent of the FSB's members have been victims of cyber crime. This is costing them each £4,000 on average.

FSB says that viruses are the most common type of threat as 20 per cent of businesses have been affected by this.

But the government has been working to improve cyber security in the UK, launching a number of initiatives aimed at helping businesses with this.

For example, the Technology Strategy Board has extended its Innovation Vouchers to help SMEs build cyber security defences.

The government has also been trying to gain more information on the kind of cyber threats businesses, as well as its own departments are facing. It will see these groups collaborating through the Cyber Security Information Sharing Partnership.


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