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OnGuard IT Security New Survey Finds A Vast Majority Of U.S. Small Business Owners Believe Cybersecurity Is A Concern

New survey small business cyber security

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Page 1: New survey small business cyber security

OnGuard IT Security

New Survey Finds AVast Majority Of U.S.

Small Business OwnersBelieve Cybersecurity Is

A Concern

Page 2: New survey small business cyber security

New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern And LawmakersShould Do More To Combat Cyber-Attacks

Many small business owners are aware of the serious threat that cybersecurity poses yet don’t invest in safety. Why are small business ownersreluctant to take the necessary steps to secure themselves from cyberattack? Our clients are on the small side (5-25) of SMB and here are the mainreasons the don’t invest in cyber security

1. We are too small for hackers to attack us (truth is the lack of security forsmall companies make you an easier target A.K.A low hanging fruit)

2. We already have enough expenses we cannot a ord to invest in cybersecurity. (truth is we can not allow ourselves not to make theinvestment, one breach can put a small business out of business.

3. Where do we even begin with cyber security? (most of our clients beforesitting with us do not even have an understanding of what is necessaryto implement a cyber security plan)

4. We have older systems, and we have not been hacked in all the years wehave been in business. (the older the system, the more vulnerable thesystem. Furthermore, hacking use to be cumbersome, today’s black hatworld you can buy software that does the hacking for you!

5. IT security companies are just too expensive. ( IT security can be costly,but there are small security companies designed for you.

Let’s take a look at what Pr Newswire has to say about the current state ofsmall business and cyber threat.

OnGuard IT Security

Page 3: New survey small business cyber security

New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

BURLINGTON, Mass. , May 4, 2015 /PRNewswire/ -- Endurance InternationalGroup (NASDAQ: EIGI) today released the results of its 2015 Small Business &CyberSecurity survey, which found that 81% of small business owners believecybersecurity is a concern for their business, with 94% stating theyfrequently or occasionally think about cybersecurity issues. The survey alsofound that 31% of small businesses have experienced a cyber-attack orattempted cyber-attack. However, despite these concerns, less than half(42%) of survey respondents have invested resources in cybersecurityprotection in the last year.

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

Page 4: New survey small business cyber security

New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

Small Business and Cybersecurity Infographic

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

Page 5: New survey small business cyber security

New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

Endurance International Group LogoAdditionally, the survey found that 70% of small business owners do notbelieve the federal government is doing enough to combat cyber-attacksand an overwhelming majority (83%) would support federal tax incentives orgrants to small businesses that invest in cybersecurity measures.

"Cyber-attacks aren't just about targeting big business," said EnduranceCEO and Founder Hari Ravichandran. "From phishing emails to socialengineering schemes, small business owners need to be on high alert ashackers nd new and creative ways to in ltrate their businesses. Our surveyshows that small business owners may not be equipped to handle these newchallenges. In our current environment, it's not a question of if yourbusiness will be targeted, but when. This should be a wake-up call to bothlawmakers and the small business community that we must remain vigilantin protecting against these cyber-threats."

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

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New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

The release of the Endurance survey comes at the start of National SmallBusiness Week, a weeklong (May 4-8) celebration of American entrepreneursspearheaded by the U.S. Small Business Administration (SBA). The SBAfound that in 2014 small businesses were responsible for creating nearly twomillion of the roughly three million new private-sector jobs in the UnitedStates .

Of the small businesses surveyed, all of which have web presence solutionsfrom Endurance, 95% responded that they do not have cybersecurityinsurance. Additionally, a majority (83%) of small business owners handletheir own cybersecurity matters, such as email, nancial and transactionalsecurity, and do not have IT staff or utilize an outside resource.

Endurance conducted its survey of 1,016 of its U.S.-based small businessesfrom April 24 to 28, 2015. For purposes of this survey, small businesses arede ned as employing 10 or fewer people on either a full-time or part-timebasis. Additional survey results can be found in the chart below and onlinehere.

Endurance International Group is a leading technology provider of cloud-based platform solutions to help small and medium-sized businessessucceed online. Endurance, through its family of brands, supports morethan 4.1 million subscribers globally.

Survey Results

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

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New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

Question Posed Responses

Is cybersecurity a concern for your small business?

Yes – 81%

No – 19%

How often do you think about cybersecurity issues?

Never – 6%

Occasionally – 60%

Frequently – 34%

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

Page 8: New survey small business cyber security

New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

Who handles cybersecurity matters (email, financial and transactional security) foryour business?

It's all me – 83%

I have an IT person on staff –5%

I use an outside IT consultant– 6%

No one – 6%

Do you currently have any measures (security software, etc.) in place to defendagainst cyber-attacks?

Yes – 63%

No – 37%

Have you invested resources into cybersecurity protections for your small businessin the last year?

Yes – 42%

No – 58%

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

Page 9: New survey small business cyber security

New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

If so, how would you characterize thoseinvestments?

Major investment of resources, relative to other investments – 11%

Neutral investment of resources, relative to other investments – 37%

Minor investment of resources, relative to other investments – 52%

Has your business ever experienced a cyber-attack or attempted cyber-attack?

Yes – 31%

No – 69%

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

Page 10: New survey small business cyber security

New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

Question Posed Responses

Has your business ever received a phishing email? (A fraudulent email that encourages the recipient to click on a link that installs malware or virus on your computer or provide other personal information)

Yes – 71%

No – 29%

Do you believe the federal government is doing enough to combat cyber-attacks?

Yes – 30%

No – 70%

Would you support efforts by the federal government's Small Business Administration to provide tax incentives or grants to small businesses that invest in cybersecurity protections?

Yes – 83%

No – 18%

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

Page 11: New survey small business cyber security

New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

Does your business have cybersecurity insurance?

Yes – 5%

No – 95%

*Due to rounding, numbers may not add up to 100%.

About Endurance International GroupEndurance International Group is a publicly traded (NASDAQ: EIGI)technology company that helps power small and medium-sized businessesonline. Through its proprietary cloud platform, Endurance provides webpresence solutions including web hosting, eCommerce, eMarketing andmobile business tools to approximately 4.1 million subscribers around theglobe. The company's world-class family of brands includes Bluehost,HostGator, iPage, Domain.com, A Small Orange, MOJO Marketplace, BigRockand ResellerClub, among others. Headquartered in Burlington,Massachusetts , Endurance employs more than 2,500 people across theUnited States i n Utah , Texas , Washington and Arizona and in the UnitedKingdom , India , Israel and Brazil . For more information on how Endurancecan help grow your business, visit endurance.com.

Endurance International Group and the compass logo are trademarks of TheEndurance International Group, Inc. Other brand names of EnduranceInternational Group are trademarks of The Endurance International Group, Inc. orits subsidiaries.

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern

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New Survey Finds A Vast Majority Of U.S.Small Business Owners Believe

Cybersecurity Is A Concern

Press Contact:Dani LaSalviaEndurance International Group(781) [email protected]

Photo - http://photos.prnewswire.com/prnh/20150504/213477-INFO Logo - http://photos.prnewswire.com/prnh/20141007/150784

To view the original version on PR Newswire,visit:http://www.prnewswire.com/news-releases/new-survey-finds-a-vast-majority-of-us-small-business-owners-believe-cybersecurity-is-a-concern-and-lawmakers-should-do-more-to-combat-cyber-attacks-300076543.html

SOURCE Endurance International Group

Related Links

http://www.endurance.com

New Survey Finds A Vast Majority Of U.S. Small Business Owners BelieveCybersecurity Is A Concern