SOURCE: Small Business Technology Institute

March 16, 2006 11:56 ET

Small Business Technology Institute Study Tapped for Congressional Subcommittee Hearing on Cyber Security for Small Businesses

SAN JOSE, CA -- (MARKET WIRE) -- March 16, 2006 -- The non-profit Small Business Technology Institute today announced that a report from its Market Intelligence practice, titled "Small Business Information Security Readiness," was selected by Symantec Corporation as one of the supporting documents for a hearing on cyber security for small businesses conducted by the United State House of Representatives Small Business Subcommittee on Regulatory Reform and Oversight. The hearing, titled "The State of Small Business Security In A Cyber Economy," is scheduled for Thursday, March 16, 2006, at 2:00 p.m. ET in room 2360 of the Rayburn House Office Building in Washington, D.C.

Symantec separately announced that Enrique Salem, Symantec senior vice president, Consumer Products and Solutions, will participate in the hearing. That announcement states, "Salem's remarks will focus on the challenges that small and medium-sized businesses face in dealing with today's cyber threats and how their precautions for ensuring information security differ from those of large enterprises."

Based on a 2005 study of more than 1,000 small businesses, the July 2005 report (sponsored by Symantec Corporation) concludes that preventing and resolving information security incidents is a critical challenge for U.S. small businesses. Authors Andrea Peiro, Patrick Cook and Hassan Beydoun of the Small Business Technology Institute confirm that small business information systems are increasingly vulnerable to attack. They urge the adoption of security technology, proactive policies and stronger vigilance to protect information assets and minimize business risk.

In a press release on July 20, 2005, Small Business Technology Institute CEO Andrea Peiro stated, "Small businesses represent an extremely high point of exposure for the U.S. economy based on their significant contribution to the Gross Domestic Product (GDP) and their insufficient information security readiness. This issue is of critical importance to small businesses. Any data loss or system downtime resulting from security incidents can severely affect their ability to do business. SBTI has identified a significant opportunity for small businesses to mitigate the risks and improve operational control by embracing a proactive approach to information security based on solutions designed expressly for their needs."

Download a free copy of the SBTI report at http://www.sbtechnologyinstitute.org/mi/research/security.htm.

About the Small Business Technology Institute

The Small Business Technology Institute (SBTI) is a 501(c)(3) non-profit organization that fosters the adoption of information technologies among small businesses through information technology awareness, education, counseling and support services for businesses with up to 300 employees. Additionally, SBTI provides technology developers and vendors with market intelligence and knowledge to ensure the development of products that meet the needs of small businesses. For more information, visit http://www.sbtechnologyinstitute.org.

Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

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