An unprecedented & dangerous increase
Though we’re in the midst of an unprecedented rise in high-profile cybercrime incidents, it’s easy to assume that our own much smaller businesses are safe. Sure, we think, hacking into the data stores of Equifax, Uber, Deloitte, or the U.S. Government can net hackers millions and millions of dollars. Why would they bother with a small business?
More than half of small businesses have had their data compromised.
But unfortunately for all of us, hackers actually do bother with small businesses across the country — they just don’t make the news. By some estimates, including one reported in Media Planet, more than half of small businesses have had their data compromised. According to StaySafeOnline.org, these attacks, targeting small to midsize companies, now compose over 70 percent of all data breaches. What’s worse, this digital onslaught shows no sign of slowing. In fact, ransomware attacks alone have increased 250% since 2016, accompanied by higher rates of malware, phishing, and other forms of cybercrime.