FSB: Over half of businesses hit by cybercrime
Commercial insurance
20th February 2009
Small businesses in the UK are losing an average of around £800 a year each as a result of cybercrime and fraud, a new survey has found.
The study by the Federation of Small Businesses (FSB), found that more than half (54 per cent) of businesses questioned said they had been a victim of such crimes over the past 12 months.
Mike Cherry, home affairs chairman at the FSB, commented: "E-crime is becoming an increasingly serious issue for small firms, which are losing up to £800 a year to fraud and online crime - a cost which could have a significant impact on a small business."
He added that businesses are being left exposed as a result of the lack of regulation of the internet.
The FSB was founded in 1974 and currently has more than 215,000 members across 33 regions and 230 branches.
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