14 DAY TRIAL // A new study published by identity protection and fraud detection technologies provider CSID shows that 55% of small businesses store social security numbers, 80% store email addresses and phone numbers, and 70% store home addresses for employees, customers and/or partners.
However, only 12% of them have a data breach preparedness plan in place or are currently working on deploying one.
So what’s stopping them from being prepared to handle a data breach? A quarter of those interviewed say their budget doesn’t allow them to focus on cyber security. On the other hand, 43% say they’re pleased with what they already have as far as cyber security is concerned.
“Small businesses own a lot of sensitive data, but aren’t as prepared or knowledgeable about protecting it as they should be,” said Bryan Hjelm, vice president of product and marketing at CSID.
“With the prevalence of BYOD and cloud practices in today’s small business cyber landscape, small businesses should understand the risks they face with protecting their data and how to mitigate them. Our goal here is to educate and empower small business owners to protect their consumers and keep their businesses healthy,” he added.
For additional details on the subject, you can attend a CSID webinar on June 18. You can register here.