Cost-of-living crisis is leading to increased cyber security risks

Almost half (47%) of UK small and medium-sized enterprises (SMEs) believe they are facing a greater risk of cyberattacks since the beginning of the cost-of-living crisis.

The findings come from a survey commissioned by CyberSmart and conducted by Censuswide, gleaning information from a thousand SME senior leaders in the UK.

In light of the rising cost-of-living, the survey found that the biggest factor contributing to increased cyber threats was believed to be disgruntled employees.

38% of respondents believe malicious insider threats were the primary reason the cost of living would lead to more cyber attacks. 

Falanx Cyber Security Limited (LON:FCS) provides enterprise-class cyber security services and solutions. They deliver end-to-end cyber capabilities, either as specific engagements or as fully-managed services. 

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