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Complete Story
04/03/2019
If the Data Breach Doesn’t Kill Your Business, the Fine Might
The State of Security
When you hear about a data breach in the news, it’s usually related to a major company or social media network that has been targeted. The erroneous conclusion would be that the hackers only focus on exploiting security flaws in large organizations, but the opposite is true.
The reality is that cybercrime is deadly to small businesses, with 60% closing operations within six months of an attack. The reason is these organizations often have limited budgets for IT security, which puts them at a disadvantage compared to larger entities with a million dollar budget (or more).
A significant data breach can ruin a company’s reputation and even drive it to bankruptcy. Stricter government regulations (GDPR we’re talking about you.) also dictate how electronic information must be stored and secured. Considering all this, the role of IT security has become more important than ever.
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