One billion records were compromised worldwide in 20162 and a whopping 43 percent of cyber attacks targeted small businesses specifically. From these small businesses, 60 percent close their doors within half a year of a cyber attack.3
The current landscape of cyber security is frightening and implementing processes to tackle the growing problem seems daunting. As cyber attackers develop sophisticated hacking techniques, more and more businesses lay victim to cybercrime. Hackers strike every 39 seconds1.
“48 percent of data security breaches are caused by acts of malicious intent. Human error or system failure account for the rest,” stated Small Business Trends.3
Of course, larger companies are also common targets of cyber attacks. In the past several years, corporations including Anthem, Sony, Ebay, and Target experienced serious data breaches that resulted in a loss of millions of dollars.4