69% of SMEs lack cybersecurity policy
03 January 2025
New research from Markel Direct shows that 69% of UK small and medium enterprises (SMEs) lack a cybersecurity policy.
The research identified a significant lack of basic cybersecurity measures and hygiene in place across these companies. This included 43% admitting that their employees are not trained on best practices and potential threats, while just 35% encourage their employees to update passwords. Additionally, only 52% of SMEs use multi-factor authentication (MFA).
Find out more 10% of jobs to be replaced by AI in 5 years
02 January 2025
A survey conducted by Verdantix has indicated that more than half of businesses expect 10% of job roles to be replaced by artificial intelligence (AI) in the next five years.
The research, which involved 252 senior executives from IT and AI functions, revealed that 62% of these businesses foresee significant cost savings mainly from the elimination of management roles rather than frontline worker roles. These companies anticipate that budget allocations for AI projects will increase by 10-24% within a year.
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Manufacturing hit hardest by cyber-threats during 2024
31 December 2024
Dragos has identified the manufacturing sector as the most targeted by cyber threat actors, experiencing a significant proportion of ransomware attacks in the third quarter of 2024.
The analysis conducted by Dragos indicates that the manufacturing sector faced 394 unique attacks during the period from July to September 2024. This figure represents 71% of all ransomware incidents observed across key industries during this time.
Find out more Trust! How to earn it (and destroy it!): A guide for IT Directors choosing IT partners
30 December 2024
Glen McCarty, Director, Velocity Smart Consulting
Trust – it takes years to build, a second to break, and a lifetime to repair. We’ve all heard this saying before, and it rings true in the world of business as much as it does in personal relationships.
Trust is painstakingly built through consistency, reliability, and hard-earned success over time. But when that trust is broken, the consequences can be devastating. It could cost a company millions, and potentially lead to job losses.
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