South Yorkshire businesses ill prepared to the threat of cyber crime according to local broker

4th August 2015

Many SME firms in South Yorkshire are unprepared to the threat of cyber crime and very few have any protection in place to combat being the victim of a data hack This is according to Sheffield broker IFM Insurance and follows research from global research firm ABI Research that found that less than 6% of SMEs have cyber insurance within the global insurance market.

What's more new research by the government's Cyber Streetwise campaign shows that two thirds of SMEs don't consider their business to be vulnerable, and just 16% say that improving their cyber security is a top priority for 2015. These latest research findings come at a time when IFM is reminding customers that help is available from the insurance industry to help combat cyber crime. IFM offer CyberEdge, which has been designed to protect South Yorkshire businesses against this growing threat. Mark Barlow, Managing Director of IFM Insurance Brokers said, -Cyber crime is a growing threat to all businesses in South Yorkshire 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.