Study: Many small companies don't admit to security breaches

03/6/2013 | Bloomberg Businessweek

Research shows that many small businesses that have suffered from data-security breaches have failed to alert the victims of such attacks, even though many states require disclosure. "When it comes to disclosure, a lot of them think, 'We're so small, no one's going to know,'" said Eric Cernak, a vice president at Hartford Steam Boiler, a subsidiary of Munich Re, which commissioned the research. Simple security tools such as antivirus software or firewalls can help foil hackers, he says.

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