Many small business owners believe the myth that their business won’t be a target for cyber extortion, but the reality is dreadfully different.
According to an article by Eric Rosenbaum at CNBC, small businesses are increasingly becoming easy targets for hackers. Derek Manky, chief of security insights & global threat alliances at Fortinet’s FortiGuard Labs, says, “The risk has never been higher for SMBs.” He referred to “a 2019 data point showing that small businesses are target No. 1 for criminals and represented 43% of all 2019 data breaches“.
He also went on to say that “small businesses are often in one of the least favorable positions based on the in-house resources available to them to resolve an attack.” Compared to large companies and corporations, small businesses are at a significant disadvantage when it comes to dealing with cybercrime.
And that’s not all. A collaboration article between Vox and Bright House Networks reports that “95 percent of reported credit card breaches come from small businesses.” But a data breach won’t simply be a once-and-done deal. It was also revealed that “a whopping 60 percent of small businesses will close after experiencing a data breach, according to Experian.” The way you handle cybercrime is crucial to your small business’s success.
These alarming numbers alone disprove the notion that small businesses are safe compared to larger companies and corporations. The truth is that anyone, especially small business owners, is an irresistible target for cybercrime.
In recent times, there has been a significant rise in digital businesses and ecommerce, but a lack of proper cybersecurity resources. There is no end to openings for hackers, personal information leaks, extortioners, and more. Furthermore, when there is an inevitable security breach, many businesses do not have a backup plan to keep themselves and their small businesses afloat.
However, there is a solution.
As a small business owner, you should be focusing on satisfying customers and gaining profits, not worrying about cyber security. With the Cyber Advantage Plan, we make it easy for you to focus on your business and keep track of your data security at the same time. When your business experiences a cybercrime or data breach, we’re here to be your safety net.
He also went on to say that “small businesses are often in one of the least favorable positions based on the in-house resources available to them to resolve an attack.” Compared to large companies and corporations, small businesses are at a significant disadvantage when it comes to dealing with cybercrime.
And that’s not all. A collaboration article between Vox and Bright House Networks reports that “95 percent of reported credit card breaches come from small businesses.” But a data breach won’t simply be a once-and-done deal. It was also revealed that “a whopping 60 percent of small businesses will close after experiencing a data breach, according to Experian.” The way you handle cybercrime is crucial to your small business’s success.
These alarming numbers alone disprove the notion that small businesses are safe compared to larger companies and corporations. The truth is that anyone, especially small business owners, is an irresistible target for cybercrime.
In recent times, there has been a significant rise in digital businesses and ecommerce, but a lack of proper cybersecurity resources. There is no end to openings for hackers, personal information leaks, extortioners, and more. Furthermore, when there is an inevitable security breach, many businesses do not have a backup plan to keep themselves and their small businesses afloat.
However, there is a solution.
As a small business owner, you should be focusing on satisfying customers and gaining profits, not worrying about cyber security. With the Cyber Advantage Plan, we make it easy for you to focus on your business and keep track of your data security at the same time. When your business experiences a cybercrime or data breach, we’re here to be your safety net.