According to a survey, six out of 10 small business owners do not have a contingency plan to report and respond to data breach losses, a Symantec survey says.
Conducted by the National Cyber Security Alliance and Symantec, the survey also found that 83 percent of small businesses do not have any formal cybersecurity plan.
“Almost 40 percent of the over 1 billion cyberattacks Symantec prevented in the first three months of 2012 targeted companies with less than 500 employees,” said Brian Burch, Symantec’s vice president of Americas Marketing for small businesses.
The survey also found that 89 percent of SMBs do not have a written cybersecurity plan, 69 percent do not have an informal cybersecurity plan and 70 percent do not have any social media usage policies.
However, the survey said that companies that were founded since 2008 are 20 percent more likely to have a written cybersecurity plan.
The survey, conducted between Sept. 27 and 29, saw 1,015 responses and was released as part of the National Cyber Security Awareness Month.