The consequences of a data breach to a business are numerous and overwhelming. From paying a ransom for your data to notifying your customers and law enforcement, a data breach will consume every minute of your time until resolved and could cost you your entire business.
According to the U.S. Small and Medium-Sized Business 2014-2018 forecast by IDC, 71% of security breaches target small businesses. The average amount demanded during a ransomware attack is $1,077 but the average cost to businesses is $133,000 when accounting for downtime, lost opportunities, and recovery costs. And, 66% of SMBs would either go out of business completely or be forced to shut down for at least a day if their business data was lost or breached.
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