As we break the myths of about Cybersecurity, we challenge the default thoughts business owners have about the importance of not only a solid security plan, but also systems to protect you in the event of a breach.
FACT #5 – We live in age where malicious cyberattacks occur all the time. No one is immune. In fact, they have become all too common costing small medium businesses (SMBs) dearly financially as well as the impact on the business. Only 2 percent of organisations in a recent Vanson Bourne survey said they were not affected when attacked by hackers. Vanson Bourne had 850 responses to the survey from SMBs, and two-thirds experienced at least one cyberattack in the last 12 months.
Cyberattack costs staggering
The cost of cyberattacks staggering with 35 percent of survey respondents saying cost had a significant impact in terms of money. A further 33 percent and 33 the cost of the time and effort required to deal with the attack was also high.
Total cost of a cyberattack to SMBs with between 250 – 1000 staff averaged $64,00. The cost reduced for organisations with fewer staff to $48,000 for organisations with between 50 – 249 employees) and $41,000 for SMBs with 10 – 49 staff.
These are significant costs for a business to absorb and can send really small businesses broke. More than ever SMBs need a stronger defensive strategy against cyberattacks.
So, what can SMBs do to better protect themselves?
Assess your business protection
Rightsize Technology can assess the strength of your business protection against a cyberattack. We understand the value of your data. It is critical to your business and you have a legal obligation to protect it from prying eyes.
Bank account numbers, health records and Social Security numbers are worth big money on the black market. Intellectual property that defines your business can be damaging if stolen and sold to competitors.
Evaluate potential threats
We work in the business every day so Rightsize cybersecurity experts have the latest knowledge and understanding of the cyber threat environment. Our experts evaluate your IT system for potential threats. We talk to you about solutions for strengthening your protection, as well as monitoring crucial systems for the most harmful types of cyberattacks.
How much risk can you take?
It is impossible to 100 percent protect business systems from all vulnerabilities to an attack. So, you need to decide what level of risk you are comfortable taking. If an attack is not likely to have a high impact on the business, it could be more effective to take a measured detection and response approach.
The Rightsize technical team will take the time to understand the risks to your business and work with you to design an effective solution to defend against probable events.
Contact us now for a free consultation to find out how we can protect your business. Rightsize Technology is your IT department as a service. Our solutions protect you online.
Enabling your business to grow efficiently and effectively – we’re the Rightsize for you.
Small businesses struggle to budget their IT operation and often spend inefficiently with a less than great return on their investment. Rightsize Technology understand: we deliver a minimum 30% reduction on IT overheads as a dedicated outside IT department for our clients. Our unlimited 24×7 support, both on and offsite increases their business productivity and capacity, enabling their business to grow efficiently and effectively – we’re the Rightsize for growing small businesses. Talk to our team today for more information.