Are you at risk of cyber-attack?
Cyber risks are one of the biggest threats to small and medium businesses in Wales (SMEs).
If you are a business and use any of the following basic business tools, then you could be at risk:
- Use email
- Hold customer data
- Have a website
- Take online payments
For the past two years, Swansea university has been funded by the Research Wales Innovation Fund, to look into the cyber resilience of Welsh SMEs. This team has been conducting surveys on Welsh SMES, analysing cyber insurance policies, and holding various training events to raise awareness across Wales.
They will be publishing their findings soon, and these highlight the worrying facts that most SMEs do not seem to realise the importance of having cyber mitigation/security tools in place. This is leaving many businesses in Wales open to cyber-attack. Even in businesses which have taken out cyber risk insurance, that cover is not always fit for purpose. The technical languages used in these policies means most SMEs are unaware of the potential impacts of risk and claim control clauses.
Free Cyber awareness events are currently being held at various places throughout Wales to help improve business owners’ knowledge and awareness of Cyber risks and actions they can take to keep themselves safe.
The next event will take place on 12 May 2023 at Newport Market.
For more information and to book your free place please select the following link: Building Resilience in Wales Tickets, Fri 12 May 2023 at 12:00 | Eventbrite
Further information about the project can be found at: Cyber Risk Insurance: Building Resilience in Wales - Swansea University