Small business owners tend to be pretty proud of what their companies can accomplish despite their size. In fact, this is often seen as an asset. Smaller companies are often nimbler than their overgrown competitors. Other times, they can present themselves as being more focused on customer or client relationships when compared to big-name brands that prefer to compete on price. Whatever the case may be, it is clear that smaller can be better.
Of course, being the ‘little guy’ can also have its disadvantages. For instance, did you know that SMBs are actually more likely to be targeted by cybercriminals? It’s true. Hackers are gunning for smaller brands because they know these companies lack the same resources and protections against cyberattacks as their larger peers.
To make up ground, SMBs are finding cybersecurity insurance providers through companies like CyberPolicy. However, some business leaders are still unconvinced. If you are dragging your feet on investing in this essential service, then you ought to pay attention to these cybersecurity statics. Hopefully, they will set you straight.
$36,"000: The average cost of data breach recovery for an SMB runs between $36