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Subcommittee Chairman Collins Talks Small Business Cyber Security on National Television

Washington, March 22, 2013

WASHINGTON, D.C.— Today, House Small Business Subcommittee on Health and Technology Chairman Chris Collins (R-NY) appeared on the Fox Business Network to discuss yesterday's hearing on small businesses and cyber security. Although attacks on small businesses don’t make the headlines, a recent report shows nearly 20 percent of cyber-attacks are on small firms with less than 250 employees

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Small firms are easy targets for cyber criminals as many do not have the necessary security measures in place. According to Smantec, 18 percent of all targeted cyber-attacks were directed at small businesses with less than 250 employees. The report states that nearly 60 percent of small businesses will close within six months of a cyber-attack and that 77 percent of small businesses believe their company is safe from a cyber-attack; however the vast majority (87 percent) do not have a formal written security policy in place.