As more business owners utilize technology such as cloud computing, mobile devices and apps, the risk of hackers accessing money and sensitive business data becomes more real. The House Committee of Small Business addressed this issue March 21-22, 2013 during a special hearing called, “Protecting Small Businesses Against Emerging and Complex Cyber-Attacks.”
“Small businesses generally have fewer resources available to monitor and combat cyber threats, making them easy targets for expert criminals,” said Chris Collins, chairman of the House’s Subcommittee on Health and Technology. “In addition, many of these firms have a false sense of security and believe they are immune from a possible cyber-attack.”
WHAT IS THE STATUS OF SMALL BUSINESS SECURITY
- 71 percent of Small businesses are dependent on the internet for daily operation.
- 55 percent said if they lost internet connection for 48 hours, that it would be disruptive to very disruptive.
- Although attacks on small businesses don’t make the headlines, a recent report shows nearly 20 percent of cyber-attacks are on small firms with less than 250 employee.
- More than 80 percent of victims were targets of opportunity–which means they did not protect their Wi-Fi systems with passwords and otherwise had poor security, if any at all.
- 77 percent of small businesses believe their company is safe from a cyber-attack.
WHAT IS SMALL BUSINESS DOING TO PROTECT ITSELF
- Small firms are easy targets for cyber criminals. Many do not have the necessary security measures in place.
- 87 percent of small businesses have no formal cyber security plan and 69 percent no informal one.
- 90 percent do not have an internal IT manager focused on technology-related issues, so they are dependent on non-IT/security people to provide security or an outside security provider.
WHAT ARE THE COSTS OF SMALL BUSINESS SECURITY BREACHES
- Nearly 60 percent of small businesses will close within six months of a cyber-attack if it occurs, per this report.
- Cyber-attacks cost small and medium-size businesses an average of $188,242, and almost two-thirds of victimized companies are forced out of business within six months of being attacked.
With business and equipment outages occurring at such a frequent rate, not investing in a disaster recovery is gambling with your company’s very existence. Unfortunately, most businesses often face time and resource constraints that make it difficult to prioritize a disaster recovery plan. eSecurityToGo can provide you with a cost-effective solution to help prevent your business from being the target of a cyber attack. We recommend you take the following actions to protect your business:
- Make yourself a difficult target by keeping your business secure. Use security “best practices” to protect your business at a minimum.
- The highest IT priority should be backup and system recovery.
- Offload the heavy lifting to 3rd parties that are security experts to help you:
- Assess risk
- Define Solutions
- By providing managed security services to ensure solutions are installed, managed, monitored and maintained securely. These provide a vital role in companies with limited resources or expertise.
- Don’t assume it cannot happen to you. The cost is too high to take the risk of not being prepared. Get a free consultation today.
- 2012/2011 nationwide study of small businesses (sub 250 employees) by digital security firm Symantec and the National Cyber Security Alliance (NCSA)
- Verizon study of data breaches in 2011