70% of Cyber Attacks Will Be Against Small Businesses in 2020 review

In 2020 it is estimated that the percentage of cyber attacks against small companies will be close to 70%. It’s also estimated that in 2020 the price of cyber attacks will be approximately $5 billion. That’s trillion with a T. And if 70% of those attacks are against small companies, then obviously the small companies will be paying for a whole lot of $5 trillion. Cyber attacks affect small businesses in a few ways. This post discusses how cyber attacks affect small companies and what could be done on it. One way cyberattacks influence a small company is if a small company is attacked with something such as ransomware. The ransomware can leave systems useless for perhaps one week or a couple of weeks. So the small business can not supply the support they need to provide to create revenue or they can’t create the product they need to produce to create revenue. So essentially they’re dead in the water for a couple of weeks and they can’t produce anything to create revenue. That alone can take a little company out of business.
alpinesecuritysecureworldboston.
Low angle view on a blue padlock mde to resemble a circuit board and placed on binary computer code.
Another primary method or chief way that small companies have to cover a cyber attack is if a small business’s client data is stolen. Typically, for every single record that is stolen the little business must pay for credit monitoring for all those documents. There is a clinic in Missouri which was put out of business. The credit monitoring, I’m not just sure the price tag, but I believe it was around $20 per individual. So if you’d 20,000 documents stolen and you have to pay $20 a record, that is $400,000 that small business had to pay each year in credit monitoring fees. Why Can Cybercriminals Strike Modest Firms? You may ask yourself,”Why do attackers go after small businesses? Why is the percentage so large towards small businesses?” There are two main reasons. The very first rationale is the most small companies do not have a very mature cybersecurity program. They don’t have a dedicated staff to completely work on cybersecurity, it’s typically somebody’s extra duty. The attackers know this and they are aware they can more easily get to a little business than a bigger business because most big organizations have a committed cybersecurity staff along with also a old fashioned cybersecurity program. The second rationale is attackers will attack a small company and use that company for a foothold to attack a larger company. Small businesses typically have relationships with bigger businesses. If the massive company is fairly secure but the little company is not, the attacker’s likely to go after the small business and then leverage that relationship from the small company to attack the bigger business. A good instance of that is Target. Target’s a massive shop. Obviously, they are all over the place, however, Goal wasn’t attacked right because they have a rather mature cybersecurity program. The HVAC seller or heating, venting and air conditioning seller was attacked. The HVAC vendor for Goal was a small business. So the Moses assaulted the HVAC seller and then from there, they leveraged the HVAC vendor’s connection with Target. The attackers rode the reliable link from the HVAC seller to attack Target and compromise the Goal’s point of sale machines which stole everyone’s credit card numbers. They are usually not very mature in the cybersecurity maturity process They’re often leveraged to assault the bigger business At Alpine Security, we believe small businesses are essential to the economy. We’re a small business and we want to support other small businesses. So we have come up with our fractional virtual CISO service — that offers an affordable means for small companies to develop cybersecurity capabilities in alignment with risk tolerance, industry, and business objectives. It is in our interest to help small business owners protect your environment from being attacked.