Data is absolutely essential to all businesses, regardless of their size, and cybercrime costs small and medium-sized enterprises over $2 million a year. That data crucial to helping businesses draw insights on their operations and customers, and can guide stakeholders toward smarter decisions. But, if handled improperly, data can also be a business’s downfall.
There has been no shortage of cyberattacks over the past few years, compromising customer data and exposing their privacy to hackers and other nefarious actors. For huge corporations, these data breaches are embarrassing, but they’re not fatal. For small businesses, failing to protect customer data may be the nail in the coffin.
