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Cyberbreaches are costly . For SMEs in the UK , it is estimated that a cyberbreach costs £ 4,200 per attack . And this figure is just the reported cost . The focus also appears to be moving away from making cybersecurity a top priority , leaving businesses and their customers exposed to significant threats . Tom Henson , Managing Director at Emerge Digital , explores the current state of cyber-resilience amongst SMEs and offers solutions to building robust digital strategies .

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According to the UK government ’ s Cyber Breaches Survey 2023 , only 68 % of SMEs consider cybersecurity a high priority , down from 80 % the previous year . This shift in focus comes at a time when the cyber-risk is mounting , leaving businesses and their customers exposed to significant threats .

A report from industry insiders , IBM , claimed that cyberattacks against small and medium businesses climbed by 15 % last year , with the average cost per attack in the region of £ 4,200 . This figure doesn ’ t take into account any fines occurred or reputational damage either , which can take years to recover from , if businesses truly ever do .

With threats up and focus appearing to be down , let ’ s explore the current state of cyber-resilience amongst SMEs , the reasons why and solutions to building robust digital strategies that protects your business , your customers and your data .

Current state of cyber-resilience among SMEs

The journey towards robust cyberresilience is one that most SMEs are only beginning to embark on , while their enterprise-level counterparts are closer to reaching their destination .

AS WE STAND ON THE CUSP OF AN ERA WHERE CYBERTHREATS ARE MORE RAMPANT AND INSIDIOUS , THE FOCUS ON CYBER- RESILIENCE MUST REGAIN ITS PROMINENCE .