Cyber Risks for Small to Medium Size Companies … Not “if ” but “when and how much.”

Big Companies make Big Headlines.

However in the real world, small to medium size companies are just as vulnerable and at risk for a breach of data, as it’s not a matter of “if” but it is a matter of “when.” Companies big and small have privacy/data breach exposures – either from employee personal information, corporate confidential information, health information, client sensitive data, credit card information, etc. Unfortunately, most small companies do not have the resources needed to manage their cyber security concerns, which can make them an even bigger target for hackers. Fact: 60% of small to medium-sized businesses close six months after suffering a breach* (*Source: Experian Business Information Services. November 2013.)

Hackers are getting smarter and finding new ways each day to create chaos on all types of organizations. Every industry and size of business is at risk for a breach of data and the costs associated with an average breach are increasing. This can include not only credit monitoring, but also: loss of reputation value, loss of contracts/clients, regulatory fines/penalties and cyber extortion costs. Are you prepared?

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