Birmingham, AL - In keeping with its mission to advance marketplace trust for all, the Better Business Bureau surveyed over 1,000 small businesses to assess the state of cybersecurity in North America. More than one out of five businesses reported being the target of a cyberattack, and approximately one out of ten reported being a target in the last 12 months. About half of the businesses surveyed reported they could remain profitable for only one month if they lost essential data.
Small businesses are aware of many of the dangers associated with storing and sharing information online, but many of them lack the resources and expertise to tackle the problem. The study takes into account the sometimes small budgets of small businesses and encourages business owners to conduct a cost-benefit analysis before implementing cybersecurity standards and frameworks.
Link to full study: https://www.bbb.org/stateofcybersecurity
ABOUT BBB: For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2016, people turned to BBB more than 167 million times for BBB Business Profiles on more than 5.2 million businesses and Charity Reports on 11,000 charities, all available for free at bbb.org. The Council of Better Business Bureaus is the umbrella organization for the local, independent BBBs in the United States, Canada and Mexico, as well as home to its national and international programs on dispute resolution, advertising review, and industry self-regulation.