NCSAM: Why It’s Time for SMB’s to Prioritize Cybersecurity.

Why It’s Time for SMB’s to Prioritize Cybersecurity.

Small and medium-sized businesses are vital to our nation’s economy, but threats to these SMB’s are only continuing to grow. 

Sixty-two percent of SMB owners expressed they are very concerned that their business could be vulnerable to a cyberattack, according to a U.S. Senate Committee on Small Business testimony in March 2019. 

All organizations are at risk of a cyberattack, regardless of size. However, SMB’s often lack the training and resources to combat them—making them an excellent target for cybercriminals. 

Did you know, 60% of small businesses that fall victim to a cyberattack shut down within six months after the breach (Symantec 1)?

The average cost of a data breach for an SMB in 2019 was $149,000 according to AppRiver Software (2). 

What you can do TODAY? 

• Perform a risk assessment to establish your organization’s current security posture and readiness.
• Properly equip your employees with the necessary cybersecurity tools & training. 
• Cultivate a culture of cybersecurity within your organization!

 

Looking to learn more? Check out our glossary with useful cybersecurity terms HERE.

 

References:

1. Symantec, 2014 Internet Security Threat Report, 6 (Apr. 2014)
2. https://www.techrepublic.com/article/small-businesses-underestimate-financial-damage-of-cyberattacks/

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