FCC Creates New Portal to Help Small Business Fight Cyber Crime
The Federal Communications Commission launched a new portal (fcc.gov/cyberforsmallbiz) Monday to help small businesses fight cybercrime. The site gives businesses tips on how to get a broadband connection, ten common sense computer security tips and a list of private and public sector resources on stopping cyber crime.
The launch was announced during a cyber security roundtable at the FCC’s headquarters as part of the federal government’s Small Business Week.
“All of the tools and information we’ve presented can enable small business to grow and jobs to be created anywhere,” FCC Chairman Julius Genachowski said. “It enables businesses to safely market their products in the next neighborhood, the next city, the next state or overseas.”
The FCC reports that American small businesses lose billions to cyber attacks annually and 74% of small and medium businesses report being affected by cyber attacks in the past 12 months. The average cost of these attacks, is roughly $188,000 per incident.
And to make matters worse, 42% of small and medium-sized businesses surveyed by the FCC report the loss of confidential or private data in the past 12 months and 40% report experienced direct financial costs as a result. Also, 47% of businesses report they do not ever back up their data.
“Many small businesses here about the dramatic attacks going on and think that’s only limited to sophisticated companies or institutions, but this issue really touches everyone,” said Michael Chertoff, chairman of the Chertoff Group and former Secretary of Homeland Security. “It’s important for companies to manage cyber risk, because its impossible to completely eliminate risk unless you get off the network and that’s not realistic in today’s business world.”