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FTC hears small business concerns on cyber security

Small businesses are a prime target for cyber criminals.

For example, phishing campaigns, targeted them approximately 43 percent of the time, according to a recent Internet Security Threat Report provided by Symantec, a company that specializes in cyber security. That’s a significant increase when considering that, in 2011, about 18 percent of attacks focused on small businesses.

The Greater Cleveland Partnership recently hosted a roundtable discussion for small businesses on cyber security and fraud with representatives from the Federal Trade Commission (FTC). Cleveland was just one of three cities visited by the FTC.

A lack of information, time, and money were challenges that were discussed extensively at the FTC roundtable. But, in today’s constantly changing environment, it is crucial that small business owners spend time to educate themselves and properly protect their investment from a security breach.

While the purpose of this meeting was for the FTC to listen to business owners’ experiences and concerns, it’s also noteworthy that assistance is available.

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To connect with other businesses representing all facets of IT, click here to learn about OHTec, a program of the GCP.