High-profile cyber attacks and data breaches at Sony, Honda Canada and HRSDC have raised awareness of the growing threat of cyber crime—but recent surveys conducted by Symantec suggest that many small business owners are still operating under a false sense of cyber security.
Don’t Equate Small with Safe
The statistics are grim: The majority of Canadian small businesses lack a formal Internet security policy for employees, and only about half have even rudimentary cyber security measures in place. Despite significant cyber security exposures, 50 per cent of small business owners believe their company is safe from hackers, viruses, malware or a data breach. This disconnect is largely due to the widespread, albeit mistaken, belief that small businesses are unlikely targets for cyber attacks. In reality, data thieves are simply looking for the path of least resistance. Symantec’s study found that 40 per cent of attacks are against organizations with fewer than 500 employees.
Hackers and data thieves aren’t the only threats. Smaller companies often boast of an almost family-like work environment and have a tendency to put a lot of trust in their employees. This can lead to complacency when it comes to data security, which is exactly what a disgruntled or recently fired employee needs to execute an attack on the business. Read more >>