#Percent small business ransomwhere how to#
#Percent small business ransomwhere software#

Regardless of their target, hackers generally aim to gain access to a company’s sensitive data, such as consumers’ credit card information.

SMBs can also merely be a stepping stone for attackers to gain access to larger businesses.ĭid you know?: According to a survey from, 51% of small businesses did not have cybersecurity measures in place as of March 2022. Since security breaches can be devastating to small businesses, owners are more likely to pay a ransom to get their data back. Stephen Cobb, an independent researcher and consultant who studies technology and risk, said that small businesses fall into hackers’ cybersecurity sweet spot, since they “have more digital assets to target than an individual consumer has but less security than a larger enterprise.”Ĭouple that with the costs associated with implementing proper defenses, and you have a situation primed for intrusions. What’s more, these businesses often lack the resources to defend themselves successfully from attacks. That can be a major problem.Ī joint report by IBM and the Ponemon Institute found that the average cost of a data breach increased by 10% in 2021, and Verizon’s data indicates that the cost of 95% of incidents for SMBs fell between $826 and $653,587. Unless they focus on shoring up their defenses, they may inadvertently end up leaving points of entry wide open for hackers. When it comes to starting a small business, new owners have many decisions to make and often leave cybersecurity measures by the wayside. Why cyberhackers go after small businessesĪccording to Verizon‘s 2021 Data Breach Investigations Report, 46% of breaches impacted small and midsize businesses.

#Percent small business ransomwhere how to#

We’ve compiled info on why your small business could be at risk of a cyberattack and how to avoid a compromising situation with cybersecurity best practices. You may not know when an attack could occur, but taking proper precautions can hamper or completely stymie a hacker’s attempt to access your network. And just as ancient merchants were sometimes beset by bandits on the actual Silk Road, today’s entrepreneurs can easily find themselves under attack from cyber malcontents working to derail companies through theft and disruption. As such, the internet has become a digital Silk Road that facilitates nearly every facet of modern life.

This article is for business owners who want to understand cybersecurity and protect their companies against cyberattacks.Īccording to Internet Live Stats, more than 145TB of internet traffic takes place each second.

#Percent small business ransomwhere software#

Using strong passwords, having up-to-date antivirus software and implementing best practices are just a few tactics you should employ as part of an overall cybersecurity solution.There are countless types of cyberattacks, but social engineering attacks like phishing and denial-of-service attacks are the most common types impacting SMBs.In 2021, 46% of security breaches impacted small and midsize businesses.