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How mid-market enterprises
CAN MITIGATE INCREASING CYBERSECURITY RISKS
Larger businesses have the budget to spend money on their cybersecurity defences . This is not always the case for small and medium businesses , which can make them a prime target for cyberattacks . Robert Sugrue , Cybersecurity Product Director at Six Degrees , explains how SMEs should not rely on cyber-risk insurance and offers advice on what they can do to protect themselves .
INCE THE UK ’ S larger
S businesses strengthened their defences to protect their increasingly borderless networks during the pandemic , cybercriminals have diverted their attention to their lesser-protected peers in the mid-market territory . And with a reported 600 % increase in cybercrime over the pandemic , thousands of businesses are now at risk . In fact , the government ’ s late 2022 policy paper on National Cyber Strategy indicates that ‘ almost four in ten businesses ( 39 %) report suffering cybersecurity breaches or attacks in the last year , and many organisations ( especially small and medium enterprises ) lack the ability to protect themselves and respond to incidents ’.
With increasing frequency and impact of breaches , there ’ s a clear need for dedicated cybersecurity teams working with specialist
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