An increasing variety of cyber attacks are negatively impacting small businesses. So, it’s often necessary for teams to take proactive steps to protect their data.
According to recent data from Accenture, 43 percent of cyberattacks target small businesses. This is largely because small businesses collect valuable financial and personal data from customers but don’t have the sophisticated cybersecurity protections of larger firms.
And these attacks can be devastating for small businesses. According to IBM’s 2023 Cost of a Data Breach Report, the average financial impact of a data breach for businesses and organizations with fewer than 500 employees is $3.31 million.
