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Small Business Owners Don't Think Cybersecurity Is Worth The Cost, According To Survey

Written by Jenna Weiner
Published: 11/30/2010

Visa and National Security Alliance survey reveals half of small business owners not worried about online security

A recent study conducted by the National Cyber Security Alliance and Visa revealed that the majority of small business owners do not feel that cyber security is worth the added costs.

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The survey found that almost 50 percent of small business owners do not believe that there is a big enough threat to justify spending a large amount of assets to secure networks. Additionally, the study revealed that more than 85 percent of small business owners said that they felt larger companies were more likely targets of cyber attacks.

And while many entrepreneurs don't seem to be taking the risk seriously, a representative from the credit card giant said that digital security was essential to overall success.

“Cybersecurity investments are critical to protecting a company’s brand and reputation,” said Rosetta Jones, head of public affairs for Visa. “We are focused on partnering with small businesses to ensure that they fully understand the business benefits of running a cyber secure operation.”

While some worry about the high cost related to cyber security, there are many free options for companies of all sizes. In the latest technology news for small business, Microsoft announced that it would be giving away a free copy of Symantec Endpoint Protection Small Business Edition with every purchase of a Windows 7 Professional license.

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