of businesses are closed 6 mos. after a data breach
of attacks are delivered through email
of businesses have cyber liability coverage
of cyber claims get denied due to non-compliance
A growing need for Small Business...
4 Reasons to Learn More
Cybersecurity and cyber risk management is becoming an even greater priority for small businesses. There are several reasons why this is the case.
1) The increasing reliance on technology and the internet in business operations has made small businesses more vulnerable to cyber attacks. As more and more transactions, communication, and data storage move online, small businesses are exposed to a greater range of threats, including malware, phishing attacks, and data breaches.
2) The cost of a cyber attack can be devastating for a small business. According to a report from the National Cyber Security Alliance, 60% of small businesses go out of business within six months of a cyber attack. This is due to the cost of recovering from the attack, as well as the loss of customer trust and reputation. (continued)
Small businesses will need to prioritize cybersecurity in the coming years in order to protect their operations and assets from cyber attacks. This will require a combination of technical measures, such as firewall protection and antivirus software, as well as employee training and awareness programs to help prevent mistakes that could lead to a cyber attack. By taking proactive steps to secure their systems and data, small businesses can reduce their risk and ensure that they are able to thrive in an increasingly digital world.
Do You Have a False Sense of Cyber Security?
There are many common misconceptions about cyber crime and cyber security that can lead business leaders to believe they are fully protected and have a false sense of cyber security.
Are any of these misconceptions part of your thought process?
...and it grows FASTERevery day.
3) Small businesses are often targeted by cyber criminals because they may not have the same level of resources or expertise to protect themselves as larger organizations. This makes them an attractive target for attackers who are looking for an easy way to access sensitive data or disrupt business operations.
4) The regulatory environment for small businesses is becoming more complex and stringent when it comes to cybersecurity. For example, many states have adopted data protection laws that require small businesses to implement certain security measures to protect personal information. Failure to comply with these laws can result in fines and other penalties.