Danske Bank launches initiative to help SME customers with cyber security

Danske Bank launches initiative to support the cyber security efforts of its SME customers. Danske Bank has rolled out a Technical Support Initiative (TSI) to help its small to medium-sized enterprise (SME) customers in Denmark reinforce their IT systems and infrastructure defenses against increasing cyber attacks. The TSI is guided by a 12-month research project, conducted in-house by the bank, which revealed that around 27% of Danish SMEs had experienced cyber attacks in recent years. That number rises to 43% for companies employing 50 employees and over. The data collated for the cyber risk research project came from 900 SMEs operating in a range of business sectors in Denmark. Worryingly, the research indicated that around a third of Danish firms do not have basic defense policies or infrastructure in place to protect their businesses against fraud-based attacks from cyber space.