Cybercrime: SMEs are not below the radar

Many smaller businesses assume that they are too insignificant to be a target for attacks – but the opposite is true

Cyberspace has been termed ‘the fifth domain of warfare’

When it comes to assessing risk, we humans aren’t great. While we are very good at identifying risks, we are not so good at quantifying their magnitude. We often have irrational fears of things like plane crashes, spiders and sharks, despite the chances of those things actually harming us being very remote.

Similarly, businesses have a hard time assessing cyber risk. They tend to overestimate the risk of events that are in fact highly unlikely ...