Editor's note - "Can't happen here!", you say. Our experience is different. Nearly every week, our staff responds to security and other concerns that falls into the area of cybercrime. Most are fairly minor issues, however, we've worked with local clients with potentially devastating and costly breaches.
As an entrepreneur, you probably think hackers won’t bother with you because your business is too small to care about. In reality, cybercrime targeting smaller companies is on the rise. Why are cybercriminals after your business—and what can you do about it?
Cybercrimes cost smaller companies 12% more in 2015 than in 2013. Not only is it growing, it disproportionately affects small businesses. Visa estimates 95% of credit-card data breaches it finds happen to its smallest business customers.
When it happens, the consequences of cybercrime can be devastating to a small company. Cybercrime costs small businesses 4.2 times more per employee than it does larger businesses, and 60% of small businesses that experience a data breach go out of business within six months.
What makes your business such a tempting target for cybercriminals? Here are some of the weaknesses that attract hackers—and how you can best defend yourself against each.