More than £1.8bn has been lost to fraud and cybercrime in London over the last year, according to the UK’s National Fraud Intelligence Bureau, making the capital and its 1.038 million businesses one of the ecosystems most at risk of digital crime in the country.
This threat is particularly daunting for small and medium-sized businesses (SMBs), which are increasingly targeted by cyber-attackers and often do not have the same capacity and budget – and sometimes awareness – as bigger enterprises to strengthen their cyber resilience. Around 250,000 London-based SMBs suffered at least one attack or breach in 2021, accounting for 35% of all small and micro businesses in the British capital.
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