Cybersecurity: Big Priority for Small to Mid-Size Businesses

March 4, 2019 9:56 am

Cybersecurity is often overlooked or deemed not necessary for small to mid-size businesses. However, it’s important to know that a data breach can have just as big of an effect on a small to mid-sized business as it would on a huge corporation.

 

So what exactly is at risk if your business is affected by a data breach? The immediate damage that takes place can have a negative effect financially, as well as with productivity, depending on how many hours it takes to get back up and running. There are also long term effects that can take place down the road. The toll it takes on a company’s reputation and brand credibility can ultimately lead them to go out of business.

 

According to data that Ponemon Institute gathered, small businesses that were affected by a cyberattack jumped from 55% to 61% over just one year’s time. Not only that, but the study also proved the catastrophic amount of money that small businesses have had to dish out in order to get back on track. Just a couple of years ago, the average cost of cyberattacks on small to medium-size businesses was more than $2.2 million. After seeing these numbers, it’s no surprise that 60% of small companies go out of business within six months of a cyberattack.

 

It’s important to be aware of the risks and how much your company can be affected if a cyberattack were to occur. Maybe you want to protect your business, but are wondering what your options are. It’s simple – you need to invest in Cybersecurity. It will protect your clients, revenue, and the future of your business, and is becoming more and more “mandatory” as time goes on.

 

The technicians at CATS Technology are experts when it comes to Cybersecurity. They will secure and monitor your system so you never have to worry about it being compromised. Having an IT company, like CATS Technology, handle the security of your company has many benefits. It is very beneficial to have another set of eyes that are looking in from the outside and are not invested in your day-to-day business operations of monitoring your company. Not only that but, having a security professional whose main focus is keeping your company safe and secure can help any unforeseen issues get taken care of before it has a chance to do any damage.

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