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Small Businesses and cybersecurity “fast facts”
Posted .October 23, 2015
  • A third of global organizations have not planned a formal response to a cyberattack – Computer Business Review April 9, 2015


  • Data loss worries execs, but 49% “don’t know” if they have a plan – Advisen, Executive Risk Network April 14, 2015


  • In 2013, there were about 28 million SMBs in the U.S., two-thirds of which contributed about $7.5 trillion to the U.S. economy. Hackers are increasingly targeting vulnerable, smaller organizations – SC Magazine, April 13, 2015


  • A shortage of qualified security pros is hampering the ability of companies to protect themselves – SC Magazine, April 16, 2015


  • DOJ released its “Best Practices for Victim Response and Reporting of Cyber Incidents – JD SUPRA Business Adviser, May 5, 2015


  • Nearly 90 percent of health-care providers were hit by breaches in the past two years costing the healthcare business sector $6 billion annually – Bloomberm News, May 7, 2015


  • Global finance pros pick cyber risk as number-one worry – Systemic Risk Report, May 13, 2015


  • DoJ Calls On Private Sector to Strengthen Cybersecurity – com, May 20, 2015


  • Cyber risk jumps to No. 2 on Travelers Business Risk Index – com, May 20, 2015
  • Only 45% of small businesses see cyber risk as a major threat, compared to 70% of large businesses
  • Small businesses are less likely (39%) to be worried about a security breach impacting their business, compared to 61% of large businesses
  • Only 21% of small businesses have a business continuity plan, compared with 30% in 2014


  • 69% of businesses have experienced one or more hacking incidents in the last year, yet 55% arenot confident their company is dedicating enough resources, Hartford Steam Boiler (HSB) Survey, June 2015


  • Organizations with a well-rehearsed breach response plan and pre-identified breach response team significantly reduce the likelihood of enforcement actions and the threat of fines and private lawsuits.” Advisen FTC Whitepaper, June 2015


  • CFOs See Cyber and Malicious Attacks as Major Threats, Lack Preparedness –Deloitte 2015 CFO Signals™ survey, June 2015
  • A report by Visiongain, a business intelligence firm in London, indicates that the global cyber security market is set to be worth $75.4 billion in 2015, Research firm Gartner projects that the world will spend $101 billion on information security in 2018 – CSO Magazine, July 9, 2015