In 2018 nearly 60% of cyber attacks were against small businesses. In 2020, cyber attacks will cost us $5 Trillion dollars and 70% of those attacks will be directed at small businesses.
Cyber attacks cost small businesses in a couple of ways:
1. Ransomware can disrupt/halt operations. If a small business cannot produce widgets or provide their service, they cannot generate revenue.
2. Stolen Client / Patient Records. Small businesses typically have to pay for credit monitoring for each stolen record. If 20,000 patient records are stolen and the monitoring cost is $20 per record, that’s $400k per year in credit monitoring fees.
Why are small businesses such a target?
1. They typically have immature cybersecurity programs.
2. Attackers leverage small businesses to attack larger businesses.
To see what your risk of a data breach is, check out our Data Breach Prevention Audit:
You can also call us at 844-925-7463 or email us at firstname.lastname@example.org
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