Risky Business: Are You Protecting Your Company from Cyberattacks?

Posted: March 31, 2020 / Author: dev

Is your small business at risk? The answer is most certainly yes. According to Brad Anderson, corporate vice president for Microsoft 365, of the 79 million global SMBs (representing 95% of all companies on the planet), “55% weathered cyberattacks, 52% of these breaches were caused by human error, and, in a quarter of these cases, sensitive customer data was breached. The average cyberattack will cost an American SMB $190,000. And after a ransomware attack, only one-third of SMBs can remain profitable.”

What’s worse, Anderson says these numbers “will only increase because 90% of SMBs do not currently have any data protection.”

The 2019 Global State of Cybersecurity in Small and Medium-Sized Businesses from the Ponemon Institute commissioned by Keeper Security underscores Anderson’s point. Dr. Larry Ponemon, chairman and founder of The Ponemon Institute, says, “Cybercriminals are continuing to evolve their attacks with more sophisticated tactics, and companies of all sizes are in their crosshairs.”

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