Many small businesses aren’t prepared for cyber attacks

KUSA – The majority of small businesses are not prepared to combat cyber thieves, according to a new survey conducted by Nationwide insurance.

In fact, eight out of 10 small businesses do not have a secure plan in place, which makes them vulnerable to cyber thieves, according to the Denver Business Journal. 9NEWS Cyber Security Expert John Sileo said a lot of small businesses don’t believe they are at as much risk as larger corporations.

“I’m not that surprised that small businesses, 80 percent are unprepared. Frankly, 80 percent of large corporations are unprepared. I go around spending my time seeing these companies who have not done what they need to do, they get hit, suddenly they pay attention, but it’s many millions of dollars later,” Sileo said. “One of the problems here is that small businesses don’t think they’re at as much risk as the larger corporations, they’re actually at more risk. There’s more data breach. There’s about 60 percent of all breach happens in small businesses, so it’s not just a corporate problem.” For the full article click here

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