Small businesses make an attractive target for cyber criminals for two reasons. First, SMBs often lack sufficient security, leaving them vulnerable to attack. Second, criminals see small businesses as a back door to the more lucrative large enterprises.
HOBOKEN, N.J. (PRWEB) March 18, 2020
A NYC area IT security consultant and managed services provider (MSP) looks at the cost of small business data breaches in a new article on the eMazzanti Technologies website. The informative article first shares statistics that outline the state of SMB cyber security.
The author concludes by listing four SMB security tips, including password policy enforcement, assessing vendor contracts, controlling access and prioritizing cyber security training and communication. He recommends partnering with cyber security experts to design and implement a targeted cyber security strategy.
“Small businesses make an attractive target for cyber criminals for two reasons,” stated Almi Dumi, CISO, eMazzanti Technologies. “First, SMBs often lack sufficient security, leaving them vulnerable to attack. Second, criminals see small businesses as a back door to the more lucrative large enterprises.”
Below are a few excerpts from the article, “Minimize the Cost of Small Business Data Breaches with Proactive Security.”
“Last year, Marriott, Facebook, Capitol One and the Russian government all made headline news with devastating data breaches. However, between 43 and 60 percent of all cyber-attacks in 2019 actually targeted small to medium businesses (SMBs). And the cost of small business data breaches goes far beyond the immediate damages.”
Cost of Small Business Data Breaches
“A recent study by data security research firm Ponemon estimates that the average data breach costs small businesses $3,533 per employee. Contrast this with an estimated $204 per employee cost for large enterprises. Security incidents place a disproportionate burden on smaller businesses.”
“However, the true cost of data breaches for small businesses includes far more than ransomware paid or remediation costs. The true costs lie in disruption of normal operations and loss of consumer trust. In fact, a 2019 study by Ping Identity showed that 81 percent of respondents would stop buying a brand online in the wake of a data breach.”
Partner with Security Experts
eMazzanti’s certified experts keep up to date on security technology and best practices so that business leaders can focus on core business activities. They help design and implement cyber security strategies tailored to the specific business needs and budget of small and mid-sized organizations.
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About eMazzanti Technologies
eMazzanti’s team of trained, certified IT experts rapidly deliver increased revenue growth, data security and productivity for clients ranging from law firms to high-end global retailers, providing advanced retail and payment technology, cloud and mobile solutions, multi-site implementations, 24×7 outsourced network management, remote monitoring and support.
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