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Lack of digital skills poses cyber threat to SMEs

Written by Michelle Rodger

Almost half of Scottish companies are failing to protect their assets against cyber threats, according to a new survey.

The latest Bank of Scotland Business and Charity Index found there are more Scottish businesses online than ever before – but 41% are failing to protect their assets against cyber threats while 44% lack digital skills.

Businesses that embrace technologies including cloud, online accounting software, and digital training tools could generate more than £100,000 in additional annual turnover.

Philip Grant, chairman of the Scottish Executive Committee at Lloyds Banking Group, said: “Scotland’s digital technology sector is forecast to grow twice as fast as the Scottish economy overall in the years to 2024.

“Our findings show that SMEs are capitalising on this momentum, with more than half (56%) with full basic digital skills, an increase of 21% compared to figures reported in 2015.

“There is still more that can be done to further upskill and build confidence in using digital technologies that will create opportunities to drive productivity and boost revenue.”

 

About the author

Michelle Rodger

Michelle is a former national newspaper journalist who co-founded an award-winning IT business before launching Tartan Cat Communications. A social media and crowdfunding expert she manages media and communications for Business for Scotland.

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