Expanding Cyber Security for Local Businesses
Posted by Councilmember Englander on November 22, 2017 at 3:49 PM
Today, I submitted a motion that directs the City's Economic and Workforce Development Department and its Information Technology Agency to report back on the best practices to protect our local small businesses from cyberattacks. I’ve also instructed them to assess the feasibility and estimated cost of offering cyber security training, and indentify possible funding sources, to ensure this training is available at all Business Source Centers citywide.
This follows the launch of L.A. CyberLab, where I joined Mayor Eric Garcetti in August to introduce a public-private partnership that disseminates information and intelligence based on analysis of more than one billion security-related events and over four million attempted intrusions into City networks per day last August. While large businesses may have the resources and capacity to swiftly adapt to cyber threats, small businesses may struggle, leaving themselves vulnerable to hacking.
Small businesses are engines of economic growth and a vital part of the local economy. In Los Angeles County, there are approximately 200,000 small businesses that provide about half of the 3.5 million private sector, local jobs.
These businesses are especially at risk of cyberattacks due to their size, lack of skilled IT staff, and limited budget allocated to cyber security measures. According to a recent study on the state of cybersecurity in small and medium-sized businesses, over sixty percent of businesses experienced a cyber-attack in the past 12 months. Additionally, the US National Cyber Security Alliance found that sixty percent of small companies are unable to sustain their businesses for more than six months after experiencing a cyberattack.
Every business is a victim of cyberattacks, even when they don't know it. With Small Business Saturday just a few days away, we need to recognize the new and emerging threats to businesses in Los Angeles and ensure that they have the tools to protect themselves.
As a former small business owner, I understand the dire need for resources and assistance for our local companies and am dedicated to help defend our business community from cyberattacks. Small businesses are vital contributors to our economy and communities, and it is in the City’s best interest to assist small businesses by helping to identify resources to protect themselves.
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