The EU is the world’s largest single market area and is the largest economy in the world, whether some people agree or not. Many may attribute that market size to large organizations and multi-national companies. While these are important contributors to the overall EU economy, the Small Medium Enterprise (SME) businesses form the backbone of the EU’s economy. This is also true of the UK where the DTI estimates that SMEs make up 95% of the UKs GDP. A huge percentage and one that might surprise you.
So what is Protective Monitoring, and how would be it benefit me? After all I’m an SME and this all sounds just a bit over the top.
How important are policies and processes in comparison with technology, when it comes to Cyber Security and its sister discipline, data protection. The clue is that in Cyber Security we refer to People, Process and Technology, in that order.
Since the COVID lockdown measures have been eased, I have noticed that the coffee shop keyboard warriors have returned. I dropped into one yesterday for my caffeine infusion, and there were 4 people with their laptops open, working away on business issues. At least 2 had spreadsheets open (and easy to read if you were sitting behind them), and all had their email open.
I came across the image that accompanies this and it triggered an urge to go into print on the subject. Setting a budget for Cyber security is an interesting conundrum. Most large enterprise organisations estimate about 5-10% of their overall IT budget needs to be spent on security, although that figure is rising almost annually and some organisations are saying that it is now almost double that. When you have an IT budget in the millions, then that percentage figure is quite high, which explains why the larger IT companies and consultancies concentrate on that market and pretty much ignore the SME market which, according to the DTI, represents around 95% of the UKs GDP.