SME Cybersecurity | SME Cyber Insights: Wednesday 02 July 2025

Helping Keep Small Business CYBERSafe!
Gibraltar: Wednesday 02 July 2025 at 07:00 CET

SME CYBER INSIGHTS: Welcome to Today’s Edition of SMECyberInsights – The Roundup of Today´s UK SME Cybersecurity News, Intel, Best Practice & Advice …
Written & Curated By Iain Fraser – Cybersecurity Journalist
Published in Collaboration with: FoxTech
SMECyberInsights.co.uk – First for SME Cybersecurity
#SMECyberInsights #SMECyberSecurity #SMECyberAwareness #CyberSafe #SME #SmallBusiness

1). Cyber Cover: Cowbell Insurance Strengthens UK Cyber Claims Team with Senior Appointment. Cowbell Insurance has appointed Kirsten Maley as Director of Claims for the UK market, signalling the Cyber insurer’s commitment to expanding its presence as British businesses grapple with escalating Cyber threats. In her newly created position, Maley will oversee Cowbell‘s UK claims operations, working directly with regulatory bodies and stakeholders to streamline the claims process. She’ll lead an expanding team of cyber claims specialists focused on helping UK SMEs and mid-market organizations navigate increasingly sophisticated cyber threats …

2). UK Fraud Alert: E-commerce Tops List as Riskiest Purchase Channel with 1-in-83 Fraud Rate. UK consumers suffered record-breaking losses of £1.17 billion to fraud in 2024, with remote and online purchases driving the surge. A comprehensive analysis by BLogic Systems has revealed the stark reality facing British businesses and consumers across different purchase channels. With fraud losses reaching record levels, businesses must prioritize security investments. The analysis demonstrates that fraud risk varies dramatically by purchase channel, with online platforms requiring the most stringent protective measures. E-commerce fraud rates at 1.21% mean that for every £100,000 in online sales, businesses face potential fraud losses of £1,210 …

3). WHAT IS CYBER INSURANCE – Cyber Insurance: Essential Shield for Small Businesses in the UK and EU – CyberKPI: Cyber insurance serves as a critical financial safety measure for small businesses in the UK and EU, aimed at mitigating the financial risks stemming from cyberattacks and data breaches. With the rapid digitisation of business processes, the global Cyber Insurance market is projected to grow significantly, driven by heightened awareness of cyber threats and the necessity for regulatory compliance. This is particularly relevant for small businesses, as 87% of decision-makers express concerns about their inadequate protection against cyber risks …

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