
Small-medium businesses are on the bullseye for cyber attacks, with businesses being attacked and compromised on an hourly basis, yet many SMBs don’t seem to be worried at all. 63% of small-medium businesses experienced a data breach in 2019, as reported in a study by Keeper Security and the Ponemon Institute. Yet the same study found that 60% of SMB owners think their businesses aren’t a likely target for a cyber attack. These numbers don’t add up, and something about these business owners’ laid back attitude just doesn’t make sense – SMB recovery from a cyber attack is estimated to cost around $200,000, and can easily reach millions depending on the extent of the damage (and in case of ransomware – how big the ransom price is). In fact, a study by BullGuard found that over forty percent of SMBs do not have cybersecurity defense plans whatsoever.
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