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Grow Your Business Security

Cybersecurity Neglected at Most Small Businesses

Cybersecurity Neglected at Most Small Businesses
Small businesses don't do enough to prevent security breaches. / Credit: Internet security image via Shutterstock

If you're a small business owner, you might not be doing enough to protect your business from cybersecurity threats.

New research from fraud detection and identity protection provider CSID shows that 63 percent of small businesses worry about undetected malware, 38 percent worry about phishing attacks and 41 percent worry about potential breaches due to human error. However, that doesn't mean these businesses are protecting themselves: Thirty-one percent of small businesses aren't taking measures to prevent cybersecurity breaches, according to a survey of small businesses with fewer than 100 employees.

Despite this lack of security measures among the businesses, the study found that as small businesses grow, their attention to security measures also increases. Of businesses with one to nine employees, 29 percent are working with a third-party vendor to maintain more security, whereas 45 percent of businesses with 10 or more employees do the same. [Your Biggest Cybersecurity Threat Isn't Coming From the Outside ]

Small businesses were targeted in 30 percent of all cyberattacks in 2013, according to this year's Internet Threat Report by Symantec. Therefore, it's clear that taking preventative measures is important for small businesses' security.

"Small businesses are in a tough position when it comes to cybersecurity," said Bryan Hjelm, vice president of product and marketing at CSID. "They face a growing number of threats and attention by cybercriminals, and don't have the time or resources that larger enterprises have to devote to cybersecurity.

One of the ways small business owners can be proactive about cybersecurity is to monitor their business' credit score. However, the study also found that only 26 percent of small business decision makers know their business' credit score, and 50 percent never check it.

Originally published on Business News Daily.