New Survey Finds A Vast Majority Of U.S. Small Business Owners Believe Cybersecurity Is A Concern And Lawmakers Should Do More To Combat Cyber-Attacks
The survey, released at the start of National Small Business Week, highlights small business concerns about data security
Nearly one-third of those surveyed have experienced a cyber-attack, but less than half have invested resources into cybersecurity protection in the last year
BURLINGTON, Mass., May 4, 2015 /PRNewswire/ -- Endurance International Group (NASDAQ: EIGI) today released the results of its 2015 Small Business & CyberSecurity survey, which found that 81% of small business owners believe cybersecurity is a concern for their business, with 94% stating they frequently or occasionally think about cybersecurity issues. The survey also found that 31% of small businesses have experienced a cyber-attack or attempted cyber-attack. However, despite these concerns, less than half (42%) of survey respondents have invested resources in cybersecurity protection in the last year.
Additionally, the survey found that 70% of small business owners do not believe the federal government is doing enough to combat cyber-attacks and an overwhelming majority (83%) would support federal tax incentives or grants to small businesses that invest in cybersecurity measures.
"Cyber-attacks aren't just about targeting big business," said Endurance CEO and Founder Hari Ravichandran. "From phishing emails to social engineering schemes, small business owners need to be on high alert as hackers find new and creative ways to infiltrate their businesses. Our survey shows that small business owners may not be equipped to handle these new challenges. In our current environment, it's not a question of if your business will be targeted, but when. This should be a wake-up call to both lawmakers and the small business community that we must remain vigilant in protecting against these cyber-threats."
The release of the Endurance survey comes at the start of National Small Business Week, a weeklong (May 4-8) celebration of American entrepreneurs spearheaded by the U.S. Small Business Administration (SBA). The SBA found that in 2014 small businesses were responsible for creating nearly two million of the roughly three million new private-sector jobs in the United States.
Of the small businesses surveyed, all of which have web presence solutions from Endurance, 95% responded that they do not have cybersecurity insurance. Additionally, a majority (83%) of small business owners handle their own cybersecurity matters, such as email, financial and transactional security, and do not have IT staff or utilize an outside resource.
Endurance conducted its survey of 1,016 of its U.S.-based small businesses from April 24 to 28, 2015. For purposes of this survey, small businesses are defined as employing 10 or fewer people on either a full-time or part-time basis. Additional survey results can be found in the chart below and online here.
Endurance International Group is a leading technology provider of cloud-based platform solutions to help small and medium-sized businesses succeed online. Endurance, through its family of brands, supports more than 4.1 million subscribers globally.
Survey Results
| Question Posed |
Responses |
| Is cybersecurity a concern for your small |
Yes – 81% No – 19%
|
| How often do you think about cybersecurity |
Never – 6% Occasionally – 60% Frequently – 34%
|
| Who handles cybersecurity matters (email, financial and transactional security) for your |
It's all me – 83% I have an IT person on staff – 5% I use an outside IT consultant – 6% No one – 6%
|
| Do you currently have any measures (security software, etc.) in place to defend against cyber- |
Yes – 63% No – 37%
|
| Have you invested resources into cybersecurity protections for your small business in the last |
Yes – 42% No – 58%
|
| If so, how would you characterize those |
Major investment of resources, relative to other investments – 11%
Neutral investment of resources, relative to other investments – 37%
Minor investment of resources, relative to other investments – 52%
|
| Has your business ever experienced a cyber- |
Yes – 31% No – 69%
|
| Question Posed |
Responses |
|
|
Yes – 71% No – 29%
|
| Do you believe the federal government is doing |
Yes – 30% No – 70%
|
| Would you support efforts by the federal |
Yes – 83% No – 18%
|
| Does your business have cybersecurity insurance? |
Yes – 5% No – 95%
|
| *Due to rounding, numbers may not add up to 100%. |
About Endurance International Group
Endurance International Group is a publicly traded (NASDAQ:EIGI) technology company that helps power small and medium-sized businesses online. Through its proprietary cloud platform, Endurance provides web presence solutions including web hosting, eCommerce, eMarketing and mobile business tools to approximately 4.1 million subscribers around the globe. The company's world-class family of brands includes Bluehost, HostGator, iPage, Domain.com, A Small Orange, MOJO Marketplace, BigRock and ResellerClub, among others. Headquartered in Burlington, Massachusetts, Endurance employs more than 2,500 people across the United States in Utah, Texas, Washington and Arizona and in the United Kingdom, India, Israel and Brazil. For more information on how Endurance can help grow your business, visit endurance.com.
Endurance International Group and the compass logo are trademarks of The Endurance International Group, Inc. Other brand names of Endurance International Group are trademarks of The Endurance International Group, Inc. or its subsidiaries.
Press Contact:
Dani LaSalvia
Endurance International Group
(781) 852-3212
[email protected]
Photo - http://photos.prnewswire.com/prnh/20150504/213477-INFO
Logo - http://photos.prnewswire.com/prnh/20141007/150784
SOURCE Endurance International Group
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