Cyber Vulnerability is Top Concern for Small Business CEOs, according to Vistage Survey

SAN DIEGO (April 6, 2016) — Small business executives are not prepared for a cyber attack, according to a quarterly survey by Vistage Worldwide.

Vistage, a global organization which assembles and facilitates private advisory boards for CEOs, conducts a quarterly survey covering a variety of small business topics, and more than 40 percent of respondents answered “no” when asked if they feel prepared for a cyberattack.  The dependence on technology in an interconnected, global marketplace makes preparedness for cyber-attacks, such as hacking for customers’ personal data, a topic of importance among business owners.

“Security involves every aspect of your business,” said Dieter Gable, CEO of TB Consulting, cyber-security expert and Vistage member. “A breach can come from a malicious attack, human error, or a system glitch. In an age when hackers are becoming more and more sophisticated you must be prepared with a plan, security mindset, and proper employee training.”

Overall, small business executives feel optimistic about their business growth in next 12 months, with 70 percent anticipating increased revenues and 55 percent anticipating improved profitability.  Other notable survey findings include:

  • Nearly one-third of survey respondents report that the most significant issue they are currently facing is staffing, including finding qualified candidates, hiring, retaining valuable staff members, and training.
  • Despite the fact that millennials make up the majority of the current workforce, 50 percent of respondents do not have a plan in place to train millennials for leadership roles.

To review more survey results visit:

About Vistage Worldwide, Inc.
Vistage Worldwide members get results. Founded in 1957, Vistage assembles and facilitates private advisory groups for CEOs, senior executives and business owners. An exclusive community of more than 21,000 business leaders across a broad array of industries in 16 countries, Vistage provides powerful networking opportunities and allows members to tap into different perspectives to solve difficult challenges, evaluate opportunities and develop effective strategies for better professional and business performance. Vistage groups are facilitated by successful independent leaders who provide valuable professional insight, executive coaching and corporate training based on their own extraordinary achievements. Vistage: Leading executives to achieve more than they ever imagined possible. Visit for more details.

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