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.