According to the National Cyber Security Alliance:
- Almost 50% of small businesses have experienced a cyberattack.
- More than 70% of attacks target SMALL businesses.
- There’s a good chance (75%) your employees are leaving their computer unsecured.
- When experiencing a cyber attack, a mere 28% of SMBs reported it to the authorities.
What exactly does that mean for your small business? A breach or attack can result in a significant loss of income, and if the attack goes public your brand, reputation and customers can suffer. In fact, as many as 60% of hacked SMBs close their doors in 6 months after experiencing a data breach. Smaller businesses generally have a higher risk of a data breach because hackers feel these companies are less careful about security. Small and medium businesses often underestimate the threat and ramifications of cyber attacks as they feel that they are not targets because they don’t have data worth stealing, and they often believe they will not suffer any lost revenue from downtime due to an attack.
What do hackers want? To name just a few: client lists, customer databases and sensitive financial details. Attackers can sell this data, such as pricing information, product designs or manufacturing processes to competitors, which can give them a significant market advantage and be detrimental to your business.
Not to mention these cyber criminals make money through identity theft, selling stolen info (e.g. credit card details and email addresses), stealing funds from bank accounts and even holding data for ransom.
How can I protect my SME from a cyber attack? Networking Technologies has over 18 years of experience in protecting businesses and organizations from threats, breaches and attacks. We offer customized solutions tailored to fit your business. For more information on protecting your organization from an attack visit our Security solutions.
If your business is currently undergoing cyber attack or you suspect your business could be at risk for an attack, please immediately contact us at (814) 836-0000.