The Small Business Administration (SBA) can expect more help fighting future cyberattacks after President Joe Biden signed the SBA Cyber Awareness Act last week.
The bipartisan legislation by Reps. Young Kim (R-Calif.) and Jason Crow (D-Colo.) is expected to strengthen the SBA’s ability to handle and report cyber threats that impact small businesses.
“Our small businesses are three times more likely to be targeted by cybercriminals than larger companies are. And when successful, just one of these attacks can be fatal to the business,” Crow said in a press release.
The new law will expand cybersecurity operations at the SBA by requiring the agency to notify Congress of future breaches with information about the affected small businesses and how the cyberattack happened….