In a joint announcement by the Department for Science, Innovation and Technology (DSIT), the National Cyber Security Centre (NCSC), and DSIT Parliamentary Under Secretary of State, Viscount Camrose, Britain’s small businesses have been urged to “toughen up” their cybersecurity practices.
To support its argument, the UK Government has issued a Cyber Governance Code of Practice to help SMBs comply with more stringent measures.
Developed in collaboration with industry leaders, cyber experts, and the NCSC, the Code advocates for detailed response and recovery plans for potential cyberattacks.
SMBs warned their cybersecurity is insufficient
In a stark message, the Government warned that cybersecurity should be considered an equal risk to financial and legal challenges, making it a key business priority even for the country’s small businesses.
SMBs have also been asked to equip employees with the right skills and awareness of cyberattacks so that they can better protect their company.
Viscount Camrose, Minister for AI and Intellectual Property in the UK, highlighted the critical need for organizational leaders to grasp the importance of cybersecurity. His message echoed that of the Government announcement:
“Cyber attacks are as damaging to organisations as financial and legal pitfalls, so it’s crucial that bosses and directors take a firm grip of their organisation’s cyber security regimes - protecting their customers, workforce, business operations and our wider economy.”
With nearly one in three (32%) firms experiencing cyberattacks or breaches in the past year, the new Code seeks to address the mounting risks.
Over 38,000 organizations were awarded the Cyber Essentials certificate last year, signifying that they have vital cyber security controls in place. Two in five (39%) of the UK’s largest businesses are reported to have been awarded with the certificate, according to Government analysis.
“Cyber security is no longer a niche subject or just the responsibility of the IT department, so it is vital that CEOs and directors understand the risks to their organisation and how to mitigate potential threats," added NCSC CEO Lindy Cameron/
The Government is now calling on businesses of all sizes from all sectors to get involved with the draft Code and to submit their feedback as part of an ongoing process until March 19, 2024.
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