93% of large firms have been hit with a cyber attack
The survey showed 87% of small firms experienced a security breach last year, which is up 10%. For large companies, 93% had also been targeted by ne'er-do-wells online.
The Information Security Breaches Survey, commissioned by the Department for Business, Innovation and Skills (BIS), found that some of these attacks had caused more than £1 million of damage.
As such, the Government wants to help and have set up a scheme with the Technology Strategy Board, which allows smaller firms to bid for up to £5,000 from a £500,000 pot to improve their cyber security by bringing in experts from outside their company. As well as this, BIS will publish guidance to help small firms make cyber security part of their everyday risk management.
Universities and Science Minister David Willetts said: "Keeping electronic information safe and secure is vital to a business's bottom line. Companies are more at risk than ever of having their cyber security compromised, in particular small businesses, and no sector is immune from attack. But there are simple steps that can be taken to prevent the majority of incidents."
"The package of support we are announcing today will help small businesses protect valuable assets like financial information, websites, equipment, software and intellectual property, driving growth and keeping UK businesses ahead in the global race."
Next week: UK Government lose a laptop with small businesses private data on it.