The Enterprise Security Supersite NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home Network Security Viruses & Malware Cybercrime Security Solutions More Topics...
Build Apps 5x Faster
For Half the Cost Enterprise Cloud Computing
On Force.com
You are here: Home / Disaster Recovery / Small Biz Too Smug on Cyber Security
DDoS Protection Powered By Verisign
Small Businesses Dismiss Security Risk, Survey Finds
Small Businesses Dismiss Security Risk, Survey Finds
By Barry Levine / Enterprise Security Today Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
OCTOBER
17
2012


Most small businesses have a false sense of cyber-security. That's the key finding of a new survey conducted by security firm Symantec and the National Cyber Security Alliance.

The study, released this week, found that 77 percent of small-business owners or operators say that their company is safe from such threats as hackers, viruses, malware or a cyber-security breach. Eighty-three percent have no formal cyber-security plan and 66 percent are simply not concerned about external or internal cyber threats.

'Fatal to Their Business'

The report said that, even as small- and medium-size businesses (SMBs) increasingly rely on the Net for their business operations, they are not "taking the necessary measures to keep their businesses safe and secure."

Fifty-nine percent of SMBs have no contingency plan for how to deal with losses resulting from a data breach, and 87 percent have no formal written Internet security policy for employees. Sixty-nine percent do not even have an informal one, and, although social media use in SMBs is booming, 70 percent do not have an employee social-media use policy.

Michael Kaiser, NCSA executive director, said in a statement that U.S. SMBs need "to understand they cannot completely remain safe from cyber threats if they do not take the necessary precautions."

Symantec noted that nearly 40 percent of the more than 1 billion cyber attacks the company prevented in the first quarter of this year were targeted at companies with fewer than 500 employees. And, it added, an attack on a "small, poorly protected" company is often "fatal to their business."

Safety Practices

Visa has reported that over 90 percent of the payment data breaches reported to the company were from SMBs. Interestingly, newer companies -- those founded since 2008 -- are nearly 20 percent more likely than older small businesses to have a cyber security plan in place.

Even as they believe their companies are safe, 73 percent of respondents know that a safe and trusted Net is critical to their business success, and 77 percent acknowledge that online security is important for their brand.

Symantec advises several online safety practices that SMBs can establish. One of the first steps, the company said, is to assess where vital data is being kept and how it is being used, so that security can focus on those areas. Strong password policies should be established and enforced, requiring eight characters or more and a combination of letters, numbers and symbols.

A disaster preparedness plan should be mapped out, including backup solutions, and confidential information should be encrypted. A reliable security solution should be employed and kept up to date, business data should regularly be backed up, and employees should be educated about Net safety, company security policies, how to identify possible malware, and what to do if they misplace information.

The survey, conducted by JZ Analytics, surveyed 1,015 small businesses in the U.S. with fewer than 250 employees, and the margin of error is 3.1 percent.

Tell Us What You Think
Comment:

Name:

mypdv:

Posted: 2012-10-19 @ 4:59am PT
great analysis...
online file sharing

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.
MORE IN DISASTER RECOVERY
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dairy Queen Latest Retailer To Report Hack
Dairy Queen is known for its hot fries and sweet treats, but it just made cyber history as the latest victim of a hack attack. The fast food chain said that customer data at some stores may be at risk.
 
Lessons from the JPMorgan Chase Cyberattack
JPMorgan Chase is investigating a likely cyberattack. The banking giant is cooperating with law enforcement, including the FBI, to understand what data hackers may have obtained.
 
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 

Enterprise Hardware Spotlight
HP Previews ProLiant Gen9 Servers
Because traditional data center and server architectures are “constraints” on businesses, HP is releasing new servers aimed at faster, simpler and more cost-effective delivery of computing services.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 
Alert: HP Recalls 5 Million Notebook AC Power Cords
HP is recalling about 5.6 million notebook computer AC power cords in the U.S. and another 446,700 in Canada because of possible overheating, which can pose a fire and burn hazard.
 

Mobile Technology Spotlight
Apple Sets Sept. 9 Event: iPhone 6, iWatch on Tap?
Save the date. Apple formally announced that its long-anticipated “special event," will take place on September 9. Does the tech giant have the iPhone 6, and the iWatch up its sleeve?
 
Samsung's New Smart Watch Makes Calls Without Phone
Following up on the Gear 2, Samsung has unveiled a new 3G smart watch, the Gear S, that stands out in its ability to make phone calls and send text messages without a smartphone.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 

Navigation
Enterprise Security Today
Home/Top News | Network Security | Viruses & Malware | Cybercrime | Security Solutions | Mobile Security | Disaster Recovery | Windows Security
Data Security | EST Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.