Emerging Topic

ALMOST 60% OF SMALL BUSINESSES ARE
CONCERNED ABOUT CYBERSECURITY

The Index found that almost 60% of all small business owners are concerned about cybersecurity threats. However, small businesses with 20–99 employees are more likely to be concerned. Both the Department of Homeland Security and the Small Business Administration cite data showing that 44% of small businesses reported being the victim of a cyberattack with an average cost of approximately $9,000 per incident, and that nearly 59% do not have a contingency plan for how to deal with a data breach.

Cybersecurity concerns
I need to know if my cybersecurity protection is enough. I need to know that the government is working on it because it is important.

SMALL BUSINESS PRESIDENT
Professional Services Industry,
Oregon

We train our staff not to open any emails that look like phishing. We also have identity theft [protection].

SMALL BUSINESS PRESIDENT
Professional Services Industry,
New York

I need to know what I don’t know. Otherwise, we try to keep ourselves covered with what we need to know with the hazards that we are aware of.

SMALL BUSINESS CEO
Retail Industry, South Dakota

Expert point of view

Small business owners understand that they must manage their risks every day, including threats in cyberspace. Through awareness, education, and public-private partnerships, we can turn cyber challenges into opportunities to innovate, create jobs, and grow the economy. Each business, regardless of size, should have a plan to guard against threats and seek resources.

ANN M. BEAUCHESNE
Senior Vice President, National
Security and Emergency Preparedness
Department, U.S. Chamber of Commerce