If you run a small business, it’s a matter of when, not if, your computer system or cyberinfrastructure falls prey to cybercriminals. Every day, thousands of small companies find their systems compromised and data stolen. When large companies are hacked, the media soon report the details. These giant corporations can afford the most advanced cyber security, and are still vulnerable to cyber attacks.
At the same time, when major companies such as T-Mobile, Marriott or Capital One are hacked, they can still survive. That’s not necessarily the case when the cyber attack victim is a small firm. The results could destroy the company, and that is what happens to nearly 60 percent of small businesses after experiencing a breach.
Lack of Preparedness
A 2019 survey [PDF] of 500 top decision-makers at small and mid-sized businesses revealed an alarming lack of preparedness when it came to protecting their companies from cyberattacks. Here are some of the results:Just 40 percent had a cyber attack prevention plan
Less than 10 percent conside ..