More than half of UK beauty salons, hairdressers and barbershops have suffered some form of cyber attack, according to new industry research.

A survey carried out by the National Hairdressers’ Federation (NHF) of its members found that 56% of beauty salons, hairdressers and barbershops had fallen victim to cyber fraud.

Most of the crimes were card fraud and phone scams, while only 17% of businesses had their losses covered by their bank.

Mark Kozo, Head of Marketing at Portman Asset Finance, says: “Cyber security is one of those areas that is constantly evolving and many small-to-medium-sized businesses in the beauty sector have sadly fallen victim to this costly crime.

“Businesses such as salons and barbers store client and staff data that is targeted by cyber criminals in a variety of ways. Together with the introduction of new GDPR regulations, there has never been a more important time for beauty businesses to ensure the IT systems that hold their data are robust and secure.

“Investing in upgraded technology, such as a top-of-the-range software management system, to help withstand threats like virus and ransomware attacks doesn’t have to come with an upfront cost. By taking out an asset finance agreement, companies can secure the funding they need straightaway and preserve their working capital, spreading the cost over affordable and flexible monthly repayments.”

If you’d like to find out more about our finance products for companies in the beauty sector click here, while our experienced Account Managers can be contacted on 01604 321 995.

Portman Asset Finance