The recent studies by Cybersecurity Ventures reveal that by 2021 cybersecurity damages might cost organizations $6 trillion. If you’re a small business without dedicated IT resources, all these stats may shock you.
Each day, small and medium-sized business networks are subjected to such risks. Any worker can access files from some insecure location. The employee can mistakenly click on some fake email that seems natural from any unknown source to spread malware. An outdated software application can present a vulnerability that allows unauthorized access. Protecting your business is extremely important and requires a responsive strategy.
Falling victim to file-based attacks can result in significant problems for SMBs. An attack can cause damage to critical data stored within the organization’s system. Such massive loss can force the organization to halt its operations, resulting in financial loss. This also affects their name in the stock exchange market even though they have complete guidance on trading.
But, if a customer’s sensitive data is compromised, the company might face legal inquiries and lawsuits. It will not just hit their overall reputation but discourage customers from doing business with them.
