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CSID Survey: Small Businesses Have Disconnect Between Awareness and Action Regarding Cyber Security Threats [Manufacturing Close - Up]
[June 12, 2014]

CSID Survey: Small Businesses Have Disconnect Between Awareness and Action Regarding Cyber Security Threats [Manufacturing Close - Up]

(Manufacturing Close - Up Via Acquire Media NewsEdge) CSID recently conducted a survey to determine what security threats small businesses (under 100 employees) are most concerned about and how they are addressing these threats.

CSID said the survey results demonstrate that while small businesses are concerned about the growing number of cyber security threats, there is a disconnect between awareness and action.

In a release, CSID noted that report highlights include: -63 percent of small businesses reported that they are worried about undetected malware, 38 percent are worried about phishing attacks and 41 percent are concerned about breaches caused by human error.

-Despite these worries, 31 percent of small businesses still reported that they are not doing anything to protect against these threats.

-As a small business grows, so too does the business' attention to security measures. 29 percent of small businesses with 1-9 employees are working with a third party vendor to help with security. This number jumps to 45 percent of businesses with 10-19 and 20-99 employees.

-Business credit plays a large role in the business' viability when first starting out. 43 percent of small business decision makers are aware of this fact, yet only 26 percent know their credit score. And with almost 50 percent of the small businesses surveyed indicating that they never check their business credit score, it's clear that the cyber security risk for small businesses is real.

"Small businesses are in a tough position when it comes to cyber security. They face a growing number of threats and attention by cyber criminals and don't have the time or resources that larger enterprises have to devote to cyber security," said Bryan Hjelm, Vice President of Product and Marketing at CSID. "It is going to be increasingly important for small businesses to be aware of the threats they face and learn how to address them effectively with limited resources. Our goal here is to help them do this." According to Symantec's Internet Threat Report 2014, small businesses were targeted in 30 percent of all cyber attacks in 2013. This is up from 18 percent in 2011.

CSID is a provider of global, enterprise-level identity protection and fraud detection technologies and solutions.

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