Fact Sheet - Cybersecurity Roundtable: Securing and Empowering Small Businesses With Technology
SECURING AND EMPOWERING SMALL BUSINESSES WITH TECHNOLOGY* May 16, 2011 *
FCC unveils new Cybersecurity Tip Sheet for small businesses during
National Small Business Week; Launches www.fcc.gov/cyberforsmallbiz
FCC convenes National Small Business Week roundtable, unveils initiatives to empower small businesses with cybersecurity
tools. Event builds on FCC's agenda of expanding the benefits of broadband to businesses as well as FCC efforts in network
reliability, public safety and emergency communication. Partners & participants from public, private and nonprofit sectors
include: former Secretary of Homeland Security Michael Chertoff, HP, US Chamber of Commerce, National Urban League,
Symantec, Thomson Reuters, SCORE & McAfee.
Broadband Brings Great Benefits for Small Businesses
American small businesses are key drivers of innovation, economic growth and job creation.Small businesses
have created about two-thirds of net new jobs over the past fifteen years, account for more than half of nonfarm GDP,
and hire 40% of high tech workers.
Broadband and information technology is increasingly important to the success of our economy, to jobs and to
the future of small business.
reaching new markets, increasing productivity and efficiency, and generating economic growth. A recent study found
that having a broadband connection makes a $200,000 a year difference in median annual revenues for businesses.1
Small Businesses Need to Protect Against Growing Cybersecurity Threats2
As larger companies do more to secure their technology systems, less-secure small businesses are becoming easiertargets for cybercriminals. American small businesses lose billions to cyber attacks annually and 74% of small and
medium businesses report being affected by cyber attacks in the past 12 months. The average cost of these attacks for
business, per incident, was $188,242.
Small businesses often struggle to protect confidential data, with 42% of small and medium businesses surveyed
reporting the loss of confidential or private data in the past 12 months and 40% experiencing direct financial costs as a
Small businesses often do not back-up their data, with 47% reporting that they do not ever back up their data.
However, there are many basic steps small business owners can take to protect their company and theircustomers.
FCC Helps Small Businesses Understand and Combat Cyber Threats
The FCC is launching a Small Business Cybersecurity section on its website [www.fcc.gov/cyberforsmallbiz] andreleasing a cybersecurity tip sheet to help small businesses understand basic cybersecurity precautions.
The FCC is partnering with U.S. Chamber of Commerce, McAfee, Symantec, SCORE and the National
through blogs, social media and outreach to businesses.
The FCC is partnering with the SCORE eBusiness Now Programto provide cybersecurity expertise at SCORE
events for small business owners around the country, plus at a focused cybersecurity event to be held at FCC HQ later
The FCC is working with key Education Partnersto ensure that the FCC training materials are tailored to a
diverse range of small business owners and to assure wide distribution. Organizations include National Urban
League, National Congress of American Indians, LULAC, LISTA, National Black Chamber of Commerce, and
National Hispanic Chamber of Commerce.
FCC Joining Federal Government Cybersecurity Partnership and Campaign: The FCC is joining the
public/private National Initiative for Cybersecurity Education (NICE) partnership led by NIST. The NICE partnership
runs the Stop. Think. Connect. Campaign, which is designed to raise awareness about the need to strengthen
cybersecurity and to generate and communicate new approaches and strategies to help Americans increase their safety
and security online.
1 Connected Nation Study, 2011.
2 Survey figures from the Symantec 2010 Global SMB Information Protection Survey.
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