ABSTRACT

H. Rept. 117-142: Small Business Advanced Cybersecurity Enhancements Act of 2021, Report to Accompany H.R. 4513, October 12, 2021   [open pdf - 331KB]

From the Document: "The purpose of H.R. 4513, the 'Small Business Advanced Cybersecurity Enhancements Act', is to amend the Small Business Act to provide for the establishment of enhanced cybersecurity assistance and protections for small businesses. [...] As Small Business Administration (SBA) Resource Partners, Small Business Development Centers (SBDCs) promote the economic growth of small firms, generating business revenue, job creation and job retention, as well as advancing local and regional economies. SBDCs deliver management and technical assistance to small businesses through an extensive business education network comprised of 62 lead centers managing nearly 1,000 outreach locations throughout the country. They deliver professional business advice and training focused on strategic planning, business development, financial planning, and cash flow management to hundreds of thousands of business clients annually. As more small businesses adopt digital tools, they become more vulnerable to cybersecurity attacks. These incidents can have major consequences, but small businesses may not have the resources to mitigate cybersecurity risks. Small businesses may not have designated information technology (IT) staff and lack in-house technical knowledge to manage adequate protection measures. In the event of a cyberattack, small businesses may face loss of income and customers as well as regulatory fines and penalties, and damage to credit. Because small businesses are often part of the supply chain for large companies and government procurement systems, a breach could have significant impact on the larger economy."

Report Number:
H. Rept. 117-142; House Report 117-142
Publisher:
Date:
2021-10-12
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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