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

Search News

comments powered by Disqus

MORE COMPUTING NEWS

Building the foundations of an Industry 4.0 ready network

We are now in the midst of the fourth industrial revolution, known as Industry 4.0, in which the Internet of Things (IoT) is set to overhaul not only business, but also every aspect of modern life. Read More

Financial services sees AI as both opportunity and threat

Banking is already a key area where technology is having an impact throughout Africa, and a new survey assesses the impact artificial intelligence will have on this sector. Read More

New RSA Via solution innovations strengthen identity assurance and governance

RSA, The Security Division of EMC, has announced new, innovative identity assurance and identity governance capabilities in RSA Via. Read More

ProLabs is closing the OEM technical gap

ProLabs, one of the global market leaders for network and connectivity products since 2004, is working in partnership with distributor, Networks Unlimited, to drive its core mission to provide customers with a choice: freedom from proprietary connectivity and the highest level of quality, reliability and responsiveness.  Read More

Gartner's 2016 Hype Cycle for Emerging Technologies Identifies three key trends

Gartner's Hype Cycle for Emerging Technologies 2016 reveals three distinct technology trends that are poised to be of the highest priority for organisations facing rapidly accelerating digital business innovation. Read More

Jumia to provide e-commerce training to over 3,000 women in Kenya

Over 3,000 women from Kenya will be given an opportunity to undergo E-commerce training, facilitated by Jumia in collaboration with SheCares International. Read More

Gartner: wearables a $61.7 billion revenue opportunity by 2020

Gartner has published a Q and A looking at the top 10 wearable technologies for 2017 and 2018.  Read More

Non-voice technologies save contact centres time, money

Non-voice technologies can help contact centres increase efficiencies and reduce costs, says Interactive Intelligence. Read More

Access Bank upgrades digital solution, PayWithCapture

Determined to make its digital banking application fast, convenient and hassle-free, Access Bank Plc has refreshed the revolutionary lifestyle solution, PayWithCapture. Read More

Bursting through networking doors into the 100G era

Targeting customers building next generation public and private clouds, Mellanox Technologies’ high-speed Ethernet switches are now supported by Cumulus Linux 3.0, the latest release of the leading Linux Network Operating System.  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor NetworksEricssonTigo Ghana

FEATURED STORY

Financial services sees AI as both opportunity and threatFinancial services sees AI as both opportunity and threat

Banking is already a key area where technology is having an impact throughout Africa, and a new survey assesses the impact artificial intelligence will have on this sector.

IN DEPTH

Access and Use of ICT stats releasedAccess and Use of ICT stats released

Statistics Botswana has released the first results of the 2014 Information and Communication Technology Household Survey.