Small businesses are increasingly vulnerable to cyberattacks. A new website launched by the Federal Trade Commission (FTC) is aimed at helping small business owners be better prepared.
The site – ftc.gov/SmallBusiness – is a one-stop shop where small business owners can find information to protect themselves from scammers and hackers, as well as resources they can use if they are hit with a cyberattack.
Online FTC resources include a new Small Business Computer Security Basics guide with information to help companies protect their files and devices, train employees to think twice before sharing the business’s account information, and keep their wireless network protected, as well as how to respond to a data breach.
Specific information on ransomware and phishing schemes targeting small businesses is also provided.
According to the U.S. Small Business Administration, there are more than 28 million small businesses nationwide, employing nearly 57 million people.
Cyberattacks can be particularly damaging to small businesses, and many lack the resources that larger companies have to devote to cybersecurity.
For example, the percentage of spear-phishing attacks targeting small business rose from 18 percent to 43 percent between 2011 and 2015.
Insurance is one of the ways in which small businesses can protect themselves. See I.I.I. resources on cyber liability risks.