U.K. SMBs spend too little on cybersecurity

Published 25 June 2013

U.K. small to medium sized businesses (SMBs) are spending as little as £200 a year on their cyber security budgets, leaving themselves vulnerable to attacks from hackers, a report just issued by the U.K. Home Office said. The report revealed that a firm’s average IT spend increased in line with its size, with companies with 50 to 100 employees spending roughly £4,000 per year on IT security and firms with 100-plus employees around £10,000.

Source: http://www.v3.co.uk/v3-uk/news/2276605/smbs-spending-measly-gbp200-a-year-on-cyber-defences