Law #1: Nobody believes anything bad can happen to them, until it does.
From Microsoft 10 Immutable Laws of Security Administration
Do you believe a security or privacy breach will never happen to you?
Or are cybersecurity threats such as phishing, malware, and ransomware one of your top concerns?
Have you taken time to think about how such a breach would impact on your business?
If you haven’t given this any thought, you’re not alone. 90% of small businesses believe nothing bad will ever happen to them.
However, cyberattacks including security and privacy breaches are occurring at an overwhelming rate. They are a far more common everyday occurrence among small businesses, corporates, cloud vendors and other organisations tasked with keeping your data private and secure.
Furthermore, it is estimated that half of all cyberattacks globally are targeted at small businesses. For example, ransomware attacks occurred every 11 seconds in 2021 and is estimated that with the increasing use of AI technology it will hit every two seconds or less by 2031.
Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm.
– Cybersecurityventures.com
A significant security or data breach can put you out of business. Records over the past decade indicate that 60 percent of small businesses close down within six months of falling victim to a data breach or cyberattack.
Unfortunately, not all tech companies have the cybersecurity skill-sets to successfully prevent breaches and attacks, even with their own technology. This has an impact on their business, as well as their clients.
Don’t continue operating under the assumption it will never happen to you. Talk to us now about the security of your technology. Phone 03 351 4100.
Eric Donn
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