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Small firms hit hard by cybercrime in 2018

UK small businesses were hit hard by cyber-attacks in 2018, new research has claimed. 
According to Beaming’s annual survey of business leaders, conducted by the research consultancy Opinium, 63 per cent of small businesses employing between one and 49 staff reported being a victim of cybercrime in 2018, compared to 47 per cent in 2017 and 
55 per cent in 2016.

Almost a third (32 per cent) of micro-firms, employing between one and nine 
people, were affected.


While malicious phishing emails claimed the greatest number of victims (26 per cent of small firms and 25 per cent of micro-businesses), ransomware attacks were the most financially damaging, costing an average of £158,500.

For micro-firms, the most costly crime was data breaches, which accounted for an average of £3,817. 

The proportion of small business victims exceeded that of medium-sized busineses for the first time.