When large tech companies talk about cybersecurity, compliance and risk management, it usually sounds like something for the big players. That is, large enterprise operations or businesses that would be the target of major attacks. The truth is, however, that our data-driven economy levels the playing field in many ways. One of these ways, unfortunately, is by making small businesses just as vulnerably to cyber attacks as their larger counterparts.
According to IBM, 2021 saw the highest average costs for breaches. On average, data breaches costs businesses in the United States up to $4.24M. While that doesn’t mean that your breach could cost you that much, it’s important to know that, no matter the size of your business, you need to take cybersecurity seriously.