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Barclaycard research – SMEs more afraid of cybercrime than Brexit

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Small businesses shift from hiring experts in ‘traditional’ fields to taking on specialists for the digital world like cybersecurity and new payments technology. According to research from Barclaycard, UK SMEs now invest £2.9bn annually on cybersecurity experts to help them stay ahead of the latest threats. Small businesses have increased their spending over the last five years on cybersecurity professionals by 43 per cent, and by nearly 31 per cent on payment innovation. SMEs plan to continue investing next year, with spend on cybersecurity expertise set to increase by 32 per cent and payment innovation by 23 per cent.

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