NEWS

Firms face increasing cyber security risk

UK businesses face increased cyber security risks without stronger engagement with government, the British Chambers of Commerce (BCC) has warned.

A report published by the BCC’s Digital Revolution Challenge Group advises that the Cyber Security and Resilience Bill, due to be published this year, must be developed in full consultation with businesses.

The BCC is calling for ministers to:

· Conduct a cyber security awareness programme for businesses, particularly smaller firms.

· Update the National Cyber Strategy.

· Reform cyber security insurance to provide firms with better protection.

· Address the shortage of UK cyber security professionals and support more training in all workplaces.

· Engage directly with businesses to strengthen confidence in the UK’s digital infrastructure.

Alex Veitch, Director of Policy at the BCC, said: ‘Cyber threats against businesses are growing, and without coordinated action many SMEs will remain at risk. Our report outlines some immediate actions for ministers to engage directly with firms.

‘There’s a lack of specialist digital security knowledge in many smaller companies. Government needs to take the lead and proactively engage with business to raise awareness.

‘Businesses are keen to see the detail of the Cyber Security and Resilience Bill in the coming months. The legislation must send a signal of confidence to the UK’s SMEs and not create unnecessary costs and reporting burdens.’

12/02/2025