This month, the United States House of Representatives Committee on Small Business held a hearing on cyber risks facing small businesses and issued guidance to assist in addressing the challenges. The hearing included testimony from Maureen Ohlhausen, Acting Chairperson of the Federal Trade Commission, who warned that, in the case of small businesses, a data breach can be devastating. In fact, Chairperson Ohlhausen noted that the majority of cyberattacks target small- and mid-sized businesses, and, according to the National Cyber Security Alliance, approximately 60% of small businesses go out of business within six months of a breach.
Regarding data breach responses, the Committee suggests that small businesses follow the measures recommended by the FTC’s Protecting Personal Information: A Guide for Business and
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