By: Mark White, UPS
Every day, it seems some large, national company has its sensitive information hacked. Of course, those are just the ones that make headlines. Nearly two-thirds of cyber breach victims are small to mid-sized businesses.(1) What’s more, 55% of smaller businesses reported at least one data breach in the previous year.(2)
Small Business. Big Impact
While large companies are typically equipped to handle a cybercrime event, small and mid-sized companies usually are not, making them an even more desirable target.
Consider this: for smaller businesses, the worst cyber breaches cost between $84,000 to $148,000.(3) Just the cost of notifying customers of a breach can cause a company irreparable harm. In fact, 60% of smaller businesses are out of business within six months of suffering a cyberattack.(2) Read more