3 Security Concerns & Solutions for Small Businesses

Cyber securityWith only 7% of stolen goods recovered from domestic and residential burglaries, security is a serious issue for businesses of all sizes. However, small and medium sized enterprises (SMEs) often don’t have the luxuries big companies can afford, like 24/7 security monitoring services. SMEs have to rely on other options and trust that their office is as secure as can be when the last person leaves the office.

Whether you’re moving offices, ensuring all your security options are up to date, and not to forget the importance of online security, these tips will ensure you keep your small business safe.

Change or rekey your door locks

Over 50% of movers do not change their locks when they move to a new property, research shows. It is very important that you replace or rekey your main entry door lock as one of the previous owners, or even workmen, may still have a key to the property. For peace of mind and top security, it is best you change or rekey your locks.

With an accredited locksmith, small businesses can make the most of their existing lock through changing the keys. Alternatively, the locksmith might recommend a completely new one.

Either way, contacting trained locksmiths will guarantee peace of mind. As residential and commercial security company Banham say in their guide on whether you should rekey or replace your locks, “a lock is only as effective as the professional who installed it.”

Security alarms can save you money in the long-term

While locks are a great form of security, burglar alarms can provide an effective extra layer. Their appearance alone can be effective in stopping potential criminals say the National Security Inspectorate (NSI) on burglar alarm types.

Though they are often associated with large costs, a study of small and medium sized business owners found that over 51% of businesses are targeted by crimes costing up to £2million, with each crime being worth around £2,625. Thus, it may be worth the expense if you have particularly expensive equipment in your premises.

Organise a recovery plan for possible cyber attacks

A report by the insurance company Zurich found that 875,000 SMEs across the UK have been affected by a cyber attack over the last 12-months. Just over a fifth of the companies in question reported that it cost more than £10,000 and 1 in 10 companies said the cyber attacks cost them more than £50,000.

With such potential of such a substantial financial loss for SMEs by cyber attacks, it can not be stressed enough how important cyber security is to a small business.

A SME is not expected to have a fully equipped team of IT specialist to hand if an attack did occur. Thus, it is advisable to prepare a strong cyber security response plan and clarify who would be in charge if an incident did occur. Other questions to consider include: How should HR handle employee communications if emails and intranets went down and will you notify customers?

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