Report Finds Small Business Security Spending Still Low
NEW YORK
Small companies would have difficulty conducting business, should a major attack occur, a new report issued by business organization the Conference Group finds. According to the report, while most midsize companies regard security spending as important, a large minority want to minimize the expense, Newsday reports.
The report, sponsored by the Department of Homeland Security, also found that nearly half of all companies surveyed nationally had not increased security spending since 9/11. In fact, increases in security spending are lowest among small firms.
Spending remains low despite 80 percent of those surveyed reporting a disruption in business travel and 47 percent claiming reduced revenues in the aftermath of the attacks.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!
