How secure are your small business assets from fraud, identity theft and cybercrime?

Sixty-five percent of surveyed businesses said they are not sufficiently budgeted for online security. The number increases to 71 percent for those with revenues under $10 million. Small businesses also have a higher fraud rate than larger companies and non-business owners. One of the most frequent sources of fraud is credit card abuse – largely due to the fact that few business owners actually take the time to go through every line item on their bill or choose to mingle business and personal accounts.

It was a normal morning for Michael McGowan. An IT tech at NSK Inc, McGowan had just sat down at his desk when he received a phone call from one of his clients. The client was calling to report that his iPad® had been stolen. While waiting for the Red Line of the MBTA, he was typing an e-mail on his iPad. In the middle of composing the e-mail, someone grabbed the iPad right out of his hands and took off.