Sheffield broker warns SMEs of cyber crime threat, as more firms are concerned about tech vulnerabilities in their business

1st July 2014

Sheffield broker IFM insurance is warning local businesses of the growing threat of cyber crime.

This follow research by insurer Zurich that revealed that almost half of SMEs are now concerned about tech vulnerabilities in their business. The research also found that SMEs now class the threat of cyber-attack as one of the three biggest technology risks to their business. Last year IFM launched its CyberEdge product, designed to protect Sheffield businesses against the growing threat of cyber crime. Mark Barlow, Managing Director of IFM Insurance Brokers said, -This latest research clearly demonstrates that cyber crime is a growing threat to all businesses in Sheffield and the tactics employed by hackers are becoming more sophisticated. So local firms should evaluate their IT security and protection requirements to ensure they remain secure. Our CyberEdge product is also available to help combat cyber crime and the reputational damage it can cause. It could also make the difference from a firm posting a profit or loss or even going out of business.