If you’re a small business, the cost of a cyberattack could be huge. According to IBM and the Ponemon Institute’s The Cost of Insider Threats Global Report 2020, small businesses spend an average of $7.68 million per cyber incident, and it takes an average of 77 days to contain the damage.1
Despite this, 42% of small businesses2 with 50 or fewer employees have no cybersecurity defense plan in place whatsoever. One in five small businesses have no endpoint security, and one in three only use free or consumer-grade security for business purposes.
As cybersecurity teams catch up with the working-from-home surge, and as some corporations start to return to office-based working, cyberattackers may shift their focus once again to small and medium businesses. Is your organization prepared?
Having the right network security in place reduces the risk of cyberattacks happening to your business dramatically. Below, we outline what security measures you should take to protect your business.