Cybersecurity Checklist for Business Closures, Consolidations, and Acquisitions
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The State of Small Business Cybersecurity in 2020
Historically, small businesses thought about security in terms of physical property. To protect the items inside the store or office, business owners purchased locks, installed alarm systems, and sometimes hired security guards. Today, however, property crimes are continuing their 25-year decline, meaning the chances of a break-in at your business are about half what they were in 1993. Cybercrimes, however, are the new playground for criminals.
Hidden Costs of the Small Business Data Breach
More than 65 percent of senior decision-makers at small businesses still believe that they’re unlikely to be targeted by cybercriminals. About 60 percent of those businesses have no defense plan in place and an estimated 14 percent are insufficiently prepared to respond if an attack does occur.