The report also found that the number of online scams has risen five-fold in the last two years, with Microsoft now observing around 100,000 scams a day in 2024. According to the Office for National Statistics UK business report, released in September 2024, there were 2.72 million businesses registered in the UK as of March 2024. Conor O’Neill, CEO and Co-Founder at OnSecurity, a specialist in penetration testing, explains why these businesses should prioritise this essential security measure.