EXCLUSIVE: ‘Small firms must be more cyber security aware,’ says Vince Cable

This is something several of us have said over the last few months, they have to become more aware of the dangers and try to reduce the risks which there systems may pose with having no dedicated IT structure.
 
16 September 2014 • By Tim Adler
 
Business secretary Vince Cable has warned that small companies are not doing enough to protect themselves against cyber attacks.
 
Speaking in London at the opening of the US-UK Global Cyber Security Innovation Summit, Cable said: “We need to do a lot more to diffuse cyber security awareness among small companies.”
“Intellectual property theft is the most pressing issue for the business world,” Cable told Business Technology.
Announcing a £4 million competition for UK cyber businesses to develop ideas to tackle cyber security threats, Cable’s message for Business Technology readers was that cyber security is a growing business and one that Britain is already a world leader in.
60 per cent of funding will be reserved for small- and medium-sized businesses (SMEs) rather than big technology suppliers.
Cable suggested the sectors with the most pressing security needs are utilities, such as electricity and gas suppliers. He added that this kind of covert electronic warfare already goes on between countries.
 
Full Article