SMBs spend more on coffee than IT

COMPUTING

-
Image: By BiztechAfrica
SMBs spend more on coffee than IT

Many small and medium-sized businesses (SMBs) spend a greater amount of money on coffee and tea for their employees than they do to invest in their company’s IT. This rather surprising finding was made by worldwide market research organisation GfK during a recent study of SMBs. The aim of the survey, which was commissioned by global security software manufacturer AVG, was to explore the IT security software market landscape of SMBs.

In a world where IT is the enabler of business, this can lead to many problems for these SMBs – not least of which are the security risks they are faced with.

“The majority of SMBs are still focused on the more traditional threats to IT security, such as e-mail and web viruses, and while others are finally becoming aware of other ways in which their company’s security can be compromised, including theft of information and social engineering, not enough focus is being placed on these areas,” says Bruce Goodwill, AVG’s Sales Director for EMEA, Latin America and Australia. Only a little over half of the participating SMBs considered information security to be a major issue.

This laid back attitude many SMBs have towards IT security extends to mobile devices as well. In order to compete with larger corporations, SMBs are increasingly embracing mobile technology and providing their employees with tablets and smartphones so that they can access company information while on the go. However, few are aware of the potential security pitfalls that accompany this technology, with almost three quarters of the SMBs surveyed not agreeing that the use of mobile phones in business may represent a real threat to IT security.

“Statistics show that companies cannot afford to be so lax and ignorant about IT security and the longer term implications that it can have on their operations. The cost of IT security breaches reaches far beyond losing access to files containing customer or company information, or the money they will have to spend on replacing hardware. 

During 2011, one-in-six SMBs – which translates to more than one million companies – in the US and UK experienced an IT security breach as a result of failing or insufficient IT security. As a result, 30 million man-hours of labour were lost while rectifying the results of the security breaches. Companies lost out on USD14.87 million in sales/revenue opportunities due to IT security breaches, and spent USD7.52 million to replace damaged hardware and corrupted computers,” says Goodwill.

He adds that businesses of all sizes should treat their company’s online security with the same level of importance as they do corporate governance and brand protection. On the technological front, Goodwill offers the following advice: “Start with the basics. Have strong password management, data encryption on company computers and make sure that you have up-to-date anti-malware software installed.”

Apart from the obvious benefits you’ll reap from having adequate IT security for your business, such as protecting your company’s valuable data from being stolen or exploited by cyber criminals and potentially saving you time and money, it will also provide you with peace of mind and leave you with more time to focus your attention on your company’s bottom line, Goodwill says. “That way, your employees will always have a well stocked kitchen at work.”



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE COMPUTING NEWS

Africa needs more technical, engineering hands-on skills

Most technical and engineering graduates do not fit standards required by the job market, says Samsung Electronics East Africa, which has opened academies across Africa to fill the gap. Read More

3D Printers for home use to exceed 1m unit sales by 2018

3D printer by Cubify New findings from leading hi-tech analysts, Juniper Research, reveal that sales of consumer 3D printers will exceed 1 million units by 2018, rising from just over an estimated 44,000 this year. Read More

Custom built venue to wow Saphila 2014 delegates

Saphila 2014 will be taking the term “innovation” to new levels across all aspects of the conference – from the speakers and sessions, to the purpose built, open air conference and exhibition venue, called “Saphilatown”. Read More

Celebrate Earth Day in 5 eco-friendly steps

Günther Jünger, Director Corporate Affairs, Europe, Middle East and Africa at Intel shares five easy eco-friendly tips to mark Earth Day. Read More

Smart home connected appliances to exceed 10 million installed by 2017

A new report from Juniper Research forecasts that the installed base of connected appliances in Smart Homes will beat the 10 million mark by 2017, rising from 4 million in 2013. Read More

Acer steps up southern African education agenda

Marius le Grange Acer for Education is stepping up its activity in southern Africa, with new education devices being launched, a growing content partnership programme, and plans to extend its partner network into more southern African countries. Read More

Kenyan shift to Green Economy would generate USD 45bn by 2030

Kenya’s transition to a green economy could produce major economic benefits  equivalent to an estimated USD 45 billion by 2030, a new  study shows. Read More

Kenswitch unveils system for instant cash transfers

Kenswitch Ltd has launched a system that will allow users to transfer cash between banks registered on its shared network on a real-time basis. Read More

E-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste. Read More

African education successes in focus at eLearning Africa conference

The eLearning Africa International Conference on ICT for Development, Education and Training gets underway from 28 – 30 May at Speke Resort and Conference Centre, Munyonyo, Kampala, Uganda. Read More

PRESS OFFICES

Sage ERP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN Business

FEATURED STORY

Kenyan shift to Green Economy would generate USD 45bn by 2030 Kenyan shift to Green Economy would generate USD 45bn by 2030

Kenya’s transition to a green economy could produce major economic benefits  equivalent to an estimated USD 45 billion by 2030, a new  study shows.

IN DEPTH

E-waste threatens Ghana’s beachesE-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.

COMPANY NEWS

MTN makes it onto World Champions list

MTN Group has been named as the only South African company on the World Champions list. 

VMware Reports First Quarter 2014 Results

VMWare has announced Year-over-Year revenue growth of 14% to $1.36 Billion in its Q114 results.