Media coverage may lead one to believe that cyber security threats only impact big businesses, but SMEs also face a multitude of threats that must be combated.
The average professional may be forgiven for thinking that cyber security threats only impact larger businesses or global corporations, or that they are at greater risk, given the media attention given to attacks on such companies.
This is not the case, DLA Piper senior associate Alexandra Dagger says. Instead, businesses of all shapes and sizes – including SME firms – are subject to and at risk of exposure to cyber security threats such as encryption issues.
“SMEs generally face threats from phishing and individuals posing as customers or third parties to obtain information to compromise an SME’s business. In comparison, the big end of town generally [faces] more sophisticated attacks in addition to threats facing SMEs,” she told Lawyers Weekly.
“Size generally affects the number of security investments an organisation or business has in place to protect from, and respond to, cyber security threats.”
SME law firms will be facing the same threats as those at the big end of town, and thus need to enact similar measures to address these threats, including education of personnel and putting in place appropriate processes, systems and procedures to protect against threats, Ms Dagger continued.
“Despite an increased awareness of cyber security matters, due in part to the increased media attention surrounding data breaches of larger high-profile organisations, professional service firms are still seeing the majority of their engagements arising from a data breach incident or similar,” she said.
“No organisation will ever be immune from a data security incident oc ..
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