Protecting SMEs from business and supply chain disruption.
65% of UK Small Businesses do not have plans in place to deal with potential supply chain disruption, including cybercrime. New research has been conducted by the Federation of Small Business (FSB) looking widely how the UK can better use supply chains identified some of the biggest risks facing UK SMEs. There were key vulnerabilities identified in the IT space, with general IT problems being a risk to 29% of UK SMEs and the impact of cybercrime rising to 17%.
The report found that just 35% of SMEs have plans in place to deal with any potential disruption to there business or supply chain. Key threats include late payment from customers (51%) or disruption caused by changes amongst key staff members (37%). Further risks identified included general IT problems (29%), the impact of cybercrime (17%), severe weather (13%) and terrorism (1%).
Smaller businesses are the most vulnerable to such risks due to their size and lack of resources. Following the report the FSB has called for more to be done by larger companies in supply chains to support small business and to support channels backed by central Government and Local Authorities which emphasise the need for smaller firms to have continuity plans in place as a routine measure.
Obviously in the cyber arena SMEs face particular challenges due to limited resources. These companies cannot be expected to employ full time cyber professionals or the latest technical solutions and innstead they must rely on partnering with larger organization and the implementation of off the shelf software.
There are a large number of excellent cyber practitioners who can offer advice and guidance, both within the techUK membership and more widely. Cyber Exchange is an excellent resource for companies looking into this area. The free tool can be accessed here.
Furthermore NCSC provides some excellent guidance for small businesses which focuses on key areas outlining simple steps towards good practice. This can be accessed here.
Latest News from
Open Banking Awards:15/11/2018 13:25:00
techUK joins judging panel at FDATA Global Open Banking Awards.
Minimising Risk – Disciplinary Hearings15/11/2018 11:43:00
HR Solutions recently presented a free webinar providing guidance on how to conduct the perfect disciplinary investigation.
NHS seeks to end ‘Postcode Lottery’ for innovative glucose technology14/11/2018 13:33:00
Case highlights need to reform access to technology for NHS patients.
Our President and members recognised in Kindness & Leadership Awards14/11/2018 11:25:00
techUK president and members at KPMG and Visa named in inaugural 50 Leading Lights list.
Health and Social Care Council: Vote for Your Favourite Candidates13/11/2018 15:05:00
Vote for the new Health and Social Care Council representatives!.
National Centre for Computing Education announced by DfE12/11/2018 11:25:00
The Department for Education announced a new £84 million National Centre for Computing Education (NCCE) on Wednesday. The Centre will focus on improving the teaching of...
MOD Supply Chain Survey09/11/2018 16:20:00
The UK MOD is conducting a supply chain survey with SME suppliers in order to better understand their experiences working in its supply chain.
MOD Publishes Defence Equipment Plan08/11/2018 16:15:00
On 5 November, the MOD published its 10 year Defence Equipment Plan covering 2018 – 2028. The annual publication reassesses the spending associated with the equipment budget and examines how costs have risen or fallen against the major Defence programmes run by the department.