Small firms 'unprepared for cyber attacks and instability'

SMALL businesses are feeling under pressure as the mounting threats of cyber-crime and economic instability push them towards restructuring, a survey has revealed.

- By Elliot Gulliver-Needham

Under a third of firms feel ideally equipped to deal with potential business challenges, according to data from financial advisory service Kroll.

The fears are pushing many firms to shake up their set-ups, with 26% expecting to undergo restructuring in the next year.

In all, the survey of 350 business leaders found a clear divide between smaller companies and larger firms. Some 27% of small businesses feel less prepared than they did a year ago, the poll found.