A new study highlights the significant cybersecurity challenges faced by UK SMEs with remote working setups.
- Nearly one in four SMEs are concerned about securing remote work environments.
- The sophistication of cyber threats is a major concern for 62% of these businesses.
- Many SMEs lack a comprehensive cybersecurity policy, increasing vulnerability.
- Proactive measures like using VPNs, employee training, and software updates are being adopted.
In a recent survey conducted by Markel Direct, approximately 23% of small and medium-sized enterprises (SMEs) in the UK expressed concerns over the security of their remote work environments. This concern ranks second only to the increased sophistication of cyber threats, which worry an overwhelming 62% of SME owners.
To ensure the security of company data accessed by remote employees, SMEs are relying on several key strategies. A majority, about 52%, are utilising virtual private networks (VPNs) to safeguard their digital communications. Additionally, 48% of SMEs are engaging in the training of employees on secure remote working practices, while 46% have established remote access policies and controls.
Despite these efforts, a significant 49% of SMEs acknowledge that they would be unprepared and uncertain about the appropriate steps to take in the event of a cyber-attack. This is exacerbated by the fact that 69% of SMEs do not have a formal cybersecurity policy in place, leaving them vulnerable to potential threats.
Nevertheless, some SMEs are taking proactive measures to protect themselves. For instance, 72% of these businesses have invested in antivirus and anti-malware software, and 69% ensure regular updates of their system software. Multi-factor authentication is being employed by 52% of SMEs to add an extra layer of security.
Despite these actions, challenges remain. Around 43% of SMEs have not provided training to their employees on best practices for cybersecurity and awareness of potential threats. Over half, specifically 53%, lack cyber insurance to mitigate the impact of breaches. Rob Rees from Markel Direct emphasises the importance of having a robust cyber policy and the potential benefits of cyber insurance for business resilience.
UK SMEs are increasingly aware of the cybersecurity challenges posed by remote work, yet many still lack the necessary policies and practices.
