Data breaches that make the news usually involve massive corporations with vast datasets. But small businesses must also prevent
cyberattacks and data breaches, and most don’t feel prepared.
“We lost $10,000 due to a cyberattack on our mainframe in which a hacker was able to access financial data.”
“An email was sent from a banking institution which was opened and a ransom note was given. Shut down all my computer systems and I lost all data.”
“I lost money to a cyberattack due to a corrupt employee who stole my information.”
These are just a few of the horror stories the Better Business Bureau compiled in a recent survey of small businesses. Hackers disproportionately target small businesses, perhaps because small businesses are less equipped to prevent cyberattacks and manage the fallout.
Three-fourths of small businesses don’t feel “well prepared” for cyber security threats, and 17% of data breaches occur because someone made a mistake (like clicking on a phishing email). Yet the consequences of an error could not be higher. Most small businesses say they could not remain profitable for a month if they lost their data, leaving them extremely vulnerable to ransomware attacks.
The infographic below is a warning shot for small and medium-sized businesses: The hackers are after you. Are you ready for them?
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