SmallBusinessSecurity - Small Business Security 1 Running...

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Small Business Security 1 Running Head: Small Business Security Small Business Security Shawn D. Smith University of Maryland University College
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Small Business Security 2 Abstract Information security, while being one of the most important aspects of a major corporation’s daily operations, is frequently overlooked and misunderstood in small businesses. As small businesses continue to see exponential growth in the commercial and private sector, especially on the Web, they are quickly becoming targets of hackers and computer criminals who are exploiting their outdated information security technology. This paper examines information systems security issues and decisions facing small businesses as they attempt to compete with larger businesses and the importance of risk management and establishing and maintaining an effective information security policy.
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Small Business Security 3 Small Business Security Information is an absolutely essential resource for businesses and agencies today and is the key to growth and success. However, there is always a need to ensure that the information held on IT systems is secure. The impact of a security breach can cripple a company or put the country at risk if it is national intelligence that's compromised. The loss of sensitive or critical information directly may not only affect competitiveness and cash flow but a company's reputation as well. As smaller businesses seek to avoid this threat, the question becomes how they deal with the continued threat facing corporations big and small with less funding and expertise. The following research identifies the most prevalent issues facing small businesses and the most effective solutions for securing crucial data and systems as well as the development of an information security policy. Maintaining the integrity and security of data, especially financial, is important for businesses large and small. As larger corporations continue to upgrade their infrastructure with the latest security technology and expertise, the onus falls on small businesses in the U.S. and the challenges they face as they depend heavily on the security of their proprietary information to stay competitive. In the past there has been a number of high-profile data breach cases involving larger corporations, and while this may give the perception that only major corporations are targeted by hackers and thieves, the reality is that hackers are increasingly targeting small businesses because they usually do not have the resources that bigger businesses do. However, that does not mean small businesses need to spend large amounts of money and resources to protect themselves from the latest threats. According to a recent Symantec Threat Report (2008), 83% of data that was either lost or stolen could have been avoided if the business followed a simple cyber security plan or developed a proper information security plan. Another
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Small Business Security 4 study pointed to a number of statistics that show how small businesses still lack the effort or
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SmallBusinessSecurity - Small Business Security 1 Running...

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