Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > IS YOUR BUSINESS TOO SMALL TO BE TARGETED?
    Business

    IS YOUR BUSINESS TOO SMALL TO BE TARGETED?

    IS YOUR BUSINESS TOO SMALL TO BE TARGETED?

    Published by Gbaf News

    Posted on November 22, 2017

    Featured image for article about Business

    When you think of businesses targeted by criminals, you might not consider your small or medium-sized enterprise at risk. Smaller businesses usually mean lower profits and fewer staff members.

    The National Federation of Self Employed and Small Businesses Limited (FSB) Crime Survey found that in 2016, the average costs of offline-crime per business affected stood at nearly £6000 a year.

    Nearly 50% of all small businesses surveyed had been a victim of non-cyber crime, some of which had devastating consequences both financially and in terms of employee morale.

    Security systems specialists Expert Security UK take a look at what you need to know about crime, how your small business might be targeted, and the products that can help you stay protected.

    How does crime affect small businesses in the UK? 

    According to the Crime Against Business Report produced by the Government in May 2017, the most commonly targeted industries included…

    • Wholesale and Retail
    • Accommodation and food
    • Art, entertainment and recreation

    However, all premises are at risk of crime if the correct security measures are not in place.

    The most common types of crime you can expect to face are:

    • Burglary
    • Robbery
    • Shoplifting
    • Vandalism

    According to a report from Lloyd’s Insurance, the growth of homegrown terrorism has the potential to have a significant effect on the business community, both small and large.

    Are you at risk?

    All high-profile businesses have security systems in place that can deter even the most technologically-minded criminal. These can include high-level cameras, door and window sensors, glass break sensors, motion sensors, garage door overheads and ear-piercing sirens.

    It’s unlikely that small businesses will be protected at this level, so many criminals see them as a much easier target. In addition, the way criminals work is continually increasing in sophistication. Their methods are changing, and there are fewer ways to predict who they will target next.

    A lack of CCTV, inadequate entry systems and a general absence of protection is a dream come true for any malicious types. The reality is, targeting small companies with no access controls or security procedures is an easy and quick win for any criminal. 

    How can you protect your business’ assets? 

    The cost of UK retail crime soared to a record £613 million in 2016, and there is no doubt that non-cyber crimes cost all UK industries dearly. However, it’s not just the economic burden of crime that can affect businesses. The social costs of crimes, such as emotional or physical impacts on staff, can be immeasurable.

    Risk assessment and prior planning are of paramount importance here! 

    Firstly, conduct a risk assessment to identify any security weak spots. This means looking at your premises, security systems, equipment, and data. Once identified, you will know what products and systems you’ll need to update or invest in to ensure full security.

    As a general rule for all businesses, investing in secure access control systems will ensure that only staff and visitors can easily access the building. Making sure all doors are equipped with deadbolts or metal-lined with secure metal crossbars, is vital both inside and outside.

    CCTV can deter potential thieves, as well as helping the police forces in their investigation if something does go wrong.

    Depending on your type of business and the results of your risk assessment, you may also need to consider applying parking systems or possibly security kiosks on your premises.

    Prevention is the most important thing when it comes to security. No matter how small your business is, without the correct systems, you have a target on your back.

    When you think of businesses targeted by criminals, you might not consider your small or medium-sized enterprise at risk. Smaller businesses usually mean lower profits and fewer staff members.

    The National Federation of Self Employed and Small Businesses Limited (FSB) Crime Survey found that in 2016, the average costs of offline-crime per business affected stood at nearly £6000 a year.

    Nearly 50% of all small businesses surveyed had been a victim of non-cyber crime, some of which had devastating consequences both financially and in terms of employee morale.

    Security systems specialists Expert Security UK take a look at what you need to know about crime, how your small business might be targeted, and the products that can help you stay protected.

    How does crime affect small businesses in the UK? 

    According to the Crime Against Business Report produced by the Government in May 2017, the most commonly targeted industries included…

    • Wholesale and Retail
    • Accommodation and food
    • Art, entertainment and recreation

    However, all premises are at risk of crime if the correct security measures are not in place.

    The most common types of crime you can expect to face are:

    • Burglary
    • Robbery
    • Shoplifting
    • Vandalism

    According to a report from Lloyd’s Insurance, the growth of homegrown terrorism has the potential to have a significant effect on the business community, both small and large.

    Are you at risk?

    All high-profile businesses have security systems in place that can deter even the most technologically-minded criminal. These can include high-level cameras, door and window sensors, glass break sensors, motion sensors, garage door overheads and ear-piercing sirens.

    It’s unlikely that small businesses will be protected at this level, so many criminals see them as a much easier target. In addition, the way criminals work is continually increasing in sophistication. Their methods are changing, and there are fewer ways to predict who they will target next.

    A lack of CCTV, inadequate entry systems and a general absence of protection is a dream come true for any malicious types. The reality is, targeting small companies with no access controls or security procedures is an easy and quick win for any criminal. 

    How can you protect your business’ assets? 

    The cost of UK retail crime soared to a record £613 million in 2016, and there is no doubt that non-cyber crimes cost all UK industries dearly. However, it’s not just the economic burden of crime that can affect businesses. The social costs of crimes, such as emotional or physical impacts on staff, can be immeasurable.

    Risk assessment and prior planning are of paramount importance here! 

    Firstly, conduct a risk assessment to identify any security weak spots. This means looking at your premises, security systems, equipment, and data. Once identified, you will know what products and systems you’ll need to update or invest in to ensure full security.

    As a general rule for all businesses, investing in secure access control systems will ensure that only staff and visitors can easily access the building. Making sure all doors are equipped with deadbolts or metal-lined with secure metal crossbars, is vital both inside and outside.

    CCTV can deter potential thieves, as well as helping the police forces in their investigation if something does go wrong.

    Depending on your type of business and the results of your risk assessment, you may also need to consider applying parking systems or possibly security kiosks on your premises.

    Prevention is the most important thing when it comes to security. No matter how small your business is, without the correct systems, you have a target on your back.

    Related Posts
    Five questions to ask before stepping into Employee Ownership
    Five questions to ask before stepping into Employee Ownership
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Business PostBEAT THE BLACK FRIDAY BLUES WITH FASTER PAYMENTS AND SAFER DATA
    Next Business PostBUSINESS DECISION MAKERS MAKE STRIDES IN PLANNING FOR THE UNKNOWN AS RISK PERCEPTION REMAINS HIGH

    More from Business

    Explore more articles in the Business category

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    View All Business Posts