Cyber security – more facts!

Small and medium-sized businesses are a prime target for attackers because they tend to be easier targets. They’re often less secure and unprepared for attack. (Think about burglars that go after houses where they know no one is home – it’s a similar concept!)

Besides the facts we shared last week, here are a few more facts about cyber crimes and their impact on small and medium-sized businesses:

  • Did you know that 79 percent of small businesses do not have an incident response plan? Without one, you may never be able to fully recover when a security incident becomes a reality. (Nationwide Cyber Security Survey)
  • An IBM and Poneman Institute study found that the estimated global average cost of a data breach was a staggering $3.62 million. (Cost of Data Breach Study)
  • Similarly, 60 percent of companies that lose their data due to an attack or disaster will shut down within six months. (Boston Computing Network)

This information is intended to help make an informed decision about what cyber-security solution is right for your business. Investing in an outsourced cyber-security solution to protect against the expanding threat landscape can help mitigate damages inflicted upon your business. When you’re ready to get serious about IT security, keep our team in mind – we’re here to help!

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