Do UK small businesses need cyber risk registers? Graham said no. After this 40-minute debate with Noel Bradford, he changed his mind completely.

This Small Business Cyber Security Guy podcast episode tackles cyber risk management for UK SMEs through a heated debate about whether small business boards need formal cyber risk registers.

UK cyber security statistics that changed Graham's mind:

• 43% of UK small businesses experienced cyber breaches last year (DSIT 2025)
• 73% have no board-level cyber security responsibility
• 28% of SMEs say one cyber attack could close them permanently (Vodafone 2025)
• Average UK small business breach costs £3,398

Real-world cyber risk register failures: UK manufacturing company with "satisfactory" security controls destroyed by ransomware. Had antivirus, firewalls, backups. No documented cyber risk assessment. No board-level governance. Business nearly closed.

Companies Act director duties most UK boards ignore: Section 174 requires directors exercise "reasonable care, skill and diligence" in managing company risks. With 43% breach rates, cyber risk is material. Failure to document cyber risk management exposes directors to personal liability.

Practical cyber risk register implementation:

✓ Minimum viable cyber risk register template (8 columns, single spreadsheet)

✓ Board-level cyber security governance framework

✓ Quick remediation: enable MFA, test backup restoration, implement payment verification

✓ NCSC Board Toolkit guidance for UK SMEs

✓ Cyber insurance risk assessment requirements

Perfect for UK small business owners, SME directors, startup founders, business managers responsible for cyber security compliance, GDPR, and corporate governance.

Listen to this cyber security governance debate and learn why risk registers aren't bureaucracy - they're legal protection for directors and businesses.