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8/17/2011 - Cyber attacks on the increase for small businesses

Small businesses must guard against computer attack.

Joe Angelastri, who owns two magazine shops in Chicago, had to spend $22,000 of his business' earnings after cyber thieves hacked into his computer system and sent many of his customers' personal credit information to Russia, the Wall Street Journal reports.

Angelastri is one of many small businessowners whose information has been stolen by cyber criminals. Dean Kinsman, a special agent for the FBI, told the newspaper his office is currently conducting more than 400 suspected cases in which small businessowners have been victimized by hackers.

"It's going to get much worse before it gets better," said Kinsman in an interview with the paper.

Angelastri's plight is reminiscent of Sony and Lockheed Martin, two massive companies whose servers were hacked into earlier this year. But cyber attacks on businesses with fewer than 100 employees are skyrocketing. According to statistics compiled by the Wall Street Journal from the U.S. Secret Service, 61% of internet hacking schemes in 2010 were performed on small businesses, up from 27% in 2009.

Selective can help protect businesses if they become victims of cyber attacks with its CyCuritySM coverage, which can help protect against financial loss resulting from errors in use of computers, the internet, and other electronic networks to communicate and transact business. To find out more about CyCuritySM, talk to your Selective agent today. 

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