Research reveals almost two thirds of London SMEs fearful of cyber attack


The vast majority of London SMEs confirmed that they are increasingly worried about cyberattacks and their frequency, with 62% more fearful of a cyber-attack or data breach, according to new research.

However, despite 85% of London SMEs confirming that they have suffered a data breach or cyberattack, 30% of IT decision-makers in the region surveyed have no cyber strategy in place, compared to 17% nationally.

The report also highlights newer technologies such as 5G, robotics, AI and automation that UK-wide SMEs plan to adopt. In London, 5G was a firm favourite with SMEs, with 56% of surveyed SMEs planning on adopting this emerging technology, followed by robotics (55%) and automation (47%).

The research commissioned by IT services provider OGL Computer has revealed the top technology concerns and priorities for Midlands SMEs in a new report: The State of Technology at UK SMEs.

Key technology priorities for London SME businesses include increased cyber security provision, more proactive IT strategy and increased use of AI and cloud computing adoption.

The main technology concerns for 2020 were cyber security attacks, a lack of technology-savvy workers and data management.

The report also revealed how SMEs are using technology to power remote workforces, what technologies they are adopting for growth and if they planned to move to the cloud. In spite of their familiarity with cloud technology, a sizeable 75% of London SMEs are nervous about moving from an on-premise IT infrastructure to a cloud infrastructure, due to concerns over data security.