The Vital Importance of Data Protection for Small Businesses
The 2022 Data Protection Report Reveals Small Business Leaders Are Finding It Harder Than Ever to Secure Company Data and Information
Ineffective data protection strategies and bandage security solutions will not hold up against today’s data breaches.
With the cost of data breaches rising to an average of more than $4 million, potential regulatory actions and fines, legal fees and the loss of customers could cripple a small business. The 2022 Data Protection Report (DPR) reveals critical insights on the challenges small business leaders (SBLs) face and recommendations to improve data security practices.
Read the report to:
- Uncover digital and physical security risks facing small businesses
- Understand the top barriers to compliance and how data breaches occur
- Access valuable recommendations to address information security deficiencies
- Learn best practices to remain educated about changes in data protection legislation
Download Full Report
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Small Businesses Are Leaving Physical Data Vulnerable to Potential Breaches
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Education Is Key in Data Protection Efforts
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Small Business Leaders Need Support to Navigate the Changing Regulatory Landscape
Despite the vast majority (91%) believing that physical and digital data protection are equally important, many SBLs (53%) believe digital risks are the greatest data protection risk to their business today.
Only 58% of SBLs say their companies require all employees to undergo mandatory information security training. Even with that training, SBLs fear that their workforce still does not understand data protection best practices (67%).
Nearly eight out of 10 SBLs believe that their businesses are disproportionately affected by regulations compared to large businesses, which often have more resources for support.
Despite the vast majority (91%) believing that physical and digital data protection are equally important, many SBLs (53%) believe digital risks are the greatest data protection risk to their business today.
Only 58% of SBLs say their companies require all employees to undergo mandatory information security training. Even with that training, SBLs fear that their workforce still does not understand data protection best practices (67%).
Nearly eight out of 10 SBLs believe that their businesses are disproportionately affected by regulations compared to large businesses, which often have more resources for support.
