New Data Reveals over 80% of businesses have no regulations to identify phishing emails and don’t backing up vital data

Global expenses app, ExpenseOnDemand, has published new data highlighting how UK businesses are ignoring cyber security risks with 80% failing to regularly back up vital company data and even more (90%) of the businesses surveyed stating they have no regulations in place to identify phishing emails.

The data illustrates how unprepared businesses are for cyber security attacks and more alarming how low the threat is on their list of priorities as the majority of companies have little or no processes in place to protect their data, employees and the assets from attacks which could end up with loss of revenue or fines for lack of GPDR compliance.

Nadia Kadhim, a GDPR Lawyer and CEO at Naq Cyber, commented, “Any UK business that has clients, employees or suppliers and especially if they have an online solution possess a wealth of personal information, but they don’t know what to do or where to start when it comes to securing that data..”

Since the start of the pandemic the global expenses app has been updated to make it easier for the new working normal as offices stay closed, employees work from home and businesses are turning to technology for simpler and automated solutions. ExpenseOnDemand integrates and transfers data between Xero/Sage and QuickBooks ensuring the app remains a market leading solution for businesses around the globe and that it continues to work seamlessly while offering a secure and safe service for remote employees in multiple locations.

Sunil Nigam, Founder at ExpenseOnDemand, commented, “As a global business that manages a huge volume of very sensitive business data, we are very aware of the importance of ensuring we have the right security and processes in place to keep this safe.

It is concerning to see so many businesses not prioritising the potential risk from cyber security attacks and it is certainly something they should look to address. By using ExpenseOnDemand they can offer their employees a safe and easy solution to manage their businesses expenses not matter where they are working.”