Small, medium or large? When it comes to cybersecurity size doesn’t matter.
May 25, 2022
Many businesses would have laughed at the idea that they needed a cybersecurity strategy that detailed how they would recover if their data was exposed even a few years ago. Simply put, most businesses didn’t consider it to be a risk.
Today, with the globe having substantially digitized its operations and many people still working from home as a result of the pandemic, the need to protect data is more important than ever. Cybercriminals have followed firms who were obliged to migrate their activities online, utilizing their expertise to shut down crucial processes and steal files, including payroll and invoicing as well as content and data management systems.
Why You Need A Cybersecurity Strategy Now
1 in 5 small businesses do not use endpoint security.
43% of all data breaches involve small and medium-sized businesses.
61% of all SMB have reported at least one cyber stack during the previous year.
83% of SMB are not financially prepared to recover from a cyber stack.
43% SMBs do not have any cybersecurity plans in place.
52% SMBs do not have any IT security experts in-house.
A cybersecurity strategy can help prevent costly business disruptions.
Preventing your company from going offline as a result of your data or operations being compromised is by far the most crucial reason to create a cybersecurity plan. When a company suffers a substantial data loss during a cybersecurity attack, it often goes down for an average of 22 days, which results in revenue losses ranging from $10,000 per hour for small businesses to more than $5 million per hour for large corporations. In fact, if they suffer a significant data loss, it’s predicted that 43% of businesses without a recovery strategy will shut down. Some calculations place this figure as high as 60%.
Have Any Question?
Call or email Cocha. We can help with your cybersecurity needs!
- (281) 607-0616
- info@cochatechnology.com