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The Cybersecurity Myths That Small Companies Still Believe

High-profile breaches at Target (TGT), Home Depot (HD), and JPMorgan Chase (JPM) have put cybersecurity on the agenda for companies large and small. But despite the ongoing media commentary and "best practices" memos, consultant Adam Epstein of Third Creek Advisors notes that board members of small-cap companies and those considering or preparing initial public offerings are still befuddled by persistent myths on this topic.

The confused companies include many in Silicon Valley, where one would expect to find more tech savvy, he says. I asked Epstein, the author of a how-to book for corporate boards, to bang out a primer on what directors think they know about cyber threats but really don’t. Herewith, his free advice:

By Paul M. Barrett

Full Story: http://www.businessweek.com/articles/2014-11-24/the-cyber-security-myths-that-small-companies-still-believe#r=hpt-fs

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