Contact Us

Last week we revealed that small and medium-sized enterprises are becoming a primary target for cyber hackers looking to access sensitive business and financial data.
 
The Government’s Technology Strategy Board has subsequently extended its Innovation Vouchers scheme to enable SMEs to improve their cyber security through external expertise; they can now bid for up to £5,000 from a £500,000 pot.
 
The premise of Innovation Vouchers is to encourage start-ups and SMEs to supplement their existing resources with knowledge and assistance from an external source.
 
The £5,000 grant is only available to firms that do not boast internal cyber security expertise or are currently working with a new technology supplier for the first time.
 
David Willetts, Minister for Universities and Science, 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."
 
Data from the 2013 Information Security Breaches Survey has found that 87 per cent of small firms across all sectors experienced a breach in the last 12 months – up from 76 per cent a year ago.
 
The average cost of the worst security breach for SMEs was between £35,000 and £65,000.
 
Cyber hacking is not just confined to the smaller firms. Large organisations are still at high risk, with 93 per cent reporting security breaches in the last 12 months.

Date published 24 Apr 2013 | Last updated 24 Apr 2013

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

020 3941 2011

Or contact us