According to UK specialist business insurance broker PolicyBee, 74 per cent of small businesses haven’t put any money aside to deal with an attack notwithstanding that the average cost of a small business’s worst cyber-attack is between £65,000 and £115,000 (source UK government)

Cyber-crime recovery potentially involves many measures, including identifying and fixing the problem, replacing damaged software and hardware, hiring specialist IT security consultants, hiring a PR firm to manage a damaged reputation, and hiring a solicitor to deal with clients who’ve had their own business compromised as a result of cyber-crime.

It is clear that an attack would be a massive upheaval for most small businesses. As well as following its cyber protection advice, the Federation of Small Businesses has stressed the need for smaller companies to put in place specific cyber protection solutions to guard against this significant risk.

Now the GCA Toolkit for Small Business is specifically designed for small and medium businesses to reduce the cyber risks they face on a daily basis.

The free online resource is available worldwide and offers actionable guidance and tools with clear directions to combat the increasing volume of cyber-attacks.

The GCA Cybersecurity Toolkit arms small business owners with basic security controls and guidance, including operational tools that help them take inventory of their cyber-related assets, create and maintain strong passwords, use multi-factor authentication, perform backups of critical data, prevent phishing and viruses, and more.

How-to materials, such as template policies and forms, training videos, and other foundational documents they can customise for their organisations.

The Tools:

  • Know What You Have
  • Update Your Defenses
  • Beyond Simple Passwords
  • Prevent Phishing and Viruses
  • Protect Your Brand
  • Defend Against Ransomware

The toolboxes and tools were carefully chosen based on the Center for Internet Security Controls, the UK National Cyber Security Centre’s Cyber Essentials and the  Australian Cyber Security Centre’s Essential Eight

About the Global Cyber Alliance (GCA): The GCA is an international, cross-sector effort dedicated to confronting cyber risk and improving our connected world. It is a catalyst to bring communities of interest and affiliations together in an environment that sparks innovation with concrete, measurable achievements.

Source: Cyber Security Intelligence