They say prevention is better than cure. And it’s true. But no matter how careful a small business is, it will never be able to completely avoid risks. This is especially true when it comes to keeping data safe. Data loss via hacking or employee error is one of the biggest risks a small business faces, and it’s also one of the most expensive to recover from.
Many small businesses don’t think they will experience a cyber incident. But as more and more data is stored digitally, and as cybercriminals increasingly target SMB organizations, the chance of it happening is higher now than it’s ever been. In fact, 85% of cyber-attacks are on small businesses, and with the average recovery cost coming in at $120,000. It pays to be prepared.
