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SMBs underestimate cybercrime risks

A survey by McAfee indicates that smaller organizations in North America believe they can fly under the radar of today's cyber crooks.
8/12/2008 6:00:00 AM By: Jeremy Kirk

SMBs underestimate cybercrime ri...

The latest survey from security vendor McAfee has found that small to medium-size businesses in North America and Europe wrongly conclude their revenue is too low to draw the attention of cybercriminals.

p>SMBs are in fact rich hunting ground for hackers, McAfee said. Although there may be less money or data to steal, the attacks are also less likely to gain the attention of law enforcement organizations such as the U.S. Federal Bureau of Investigation.

"Lots of small attacks add up to large amounts of revenue," according to the survey, which polled 500 companies in the U.S. and Canada.

There are an estimated 7.4 million SMBs in North America.

McAfee's study this year focused on North America, whereas last year it surveyed 600 European SMBs. However, the conclusions of the two studies are similar.

About 45 per cent of North American businesses felt they did not have valuable data to steal. Last year, 58 per cent of European businesses gave the same response.

Page Navigation 1) 45 per cent of SMBs think they have nothing worth stealing. - page 1
2) SMBs spend one hour per week on IT security. - page 2

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