Worries about online crime are preventing significant numbers of small businesses from participating in e-commerce, despite the low-cost opportunities it offers for reaching new customers across the UK and the rest of the world.
This is the key finding of a report by the House of Lords Science & Technology Committee, which showed that only 18% of UK Small and Medium Enterprises (SMEs) are trading online.
The research suggested that fears of crimes like credit card fraud are placing important barriers in the way of further take-up. In addition, many businesses are concerned about less tangible threats to their reputation arising from the potential abuse of their assets online.
If your business would like to trade online but is wary of how to protect its intellectual property, uncertain of e-commerce procedures and unsure of the general requirements you would need to address, then please speak to one of our commercial lawyers for advice and recommendations.
Call Tony Forster on 0117 9290451 or email tforster@metcalfes.co.uk
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