Don’t wait for a hack to fight cyberthreats

Still think you are too busy, or too small, to focus on cyberthreats to your business?

Consider this sobering data from Francesca Spidalieri, senior fellow for cyber leadership at the Pell Center for International Relations and Public Policy at Salve Regina University:

• Fifty-eight percent of malware victims last year were small businesses.

• More than two-thirds of small businesses would permanently close if they suffered a serious cyber intrusion.

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• Nonprofits are vulnerable due to online fundraising.

“Small and medium-sized businesses … think, ‘We’re too small; we’re not really a target,’ ” she said at the 2018 PBN Cybersecurity Summit. “That attitude is the biggest weakness they have.”

The overriding message from the Oct. 11 summit is that despite increased awareness of general cyberthreats, they continue to grow. And too many businesses wait until they are hacked to respond.

As Rep. James R. Langevin, D-R.I., noted at the summit, cybersecurity is not a problem to solve and move on from: “We have to look at it as a threat that can be managed.”