ABSTRACT

Cyber Crime: An Existential Threat to Small Business, Hearing Before the Committee on Small Business and Entrepreneurship, United States Senate, One Hundred Sixteenth Congress, First Session, March 13, 2019   [open pdf - 3MB]

This is the March 13, 2019 hearing on "Cyber Crime: An Existential Threat to Small Business" held before the U.S. Senate Committee on Small Business and Entrepreneurship. From the opening statement of Marco Rubio: "This hearing will discuss one of the most challenging issues facing small businesses: cybersecurity. It's hard enough for small businesses to get up and running with changing markets, regulatory hurdles, and the cost of starting a business, but cyberattacks can bring a quick end to all of one's hard work. Foreign hackers and other cyber criminals are increasingly targeting small businesses to steal their intellectual property, trade secrets, and valuable information, and an equally nefarious practice is to hold hostage small businesses' operational and customer data in order to get a ransom payment. [...]The risk of cybercrime is greater to small businesses, which lack, many cases, the dedicated IT [Information Technology] staff, the sophisticated equipment that larger companies have in order to try and stay safe. [...] Consequences of cybercrime are also greater for small businesses, which operate on a smaller profit margin and are not always able to bounce back after a costly attack." Statements, letters, and materials submitted for the record include those of the following: Maria Roat, Charles Romine, Stacey Smith, Elizabeth Hyman, and Karen A. Harper.

Report Number:
S. Hrg. 116-47; Senate Hearing 116-47
Publisher:
Date:
2019
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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