SMBs Are Prime Targets
Hackers don’t just target large corporations—small and medium businesses are increasingly in their crosshairs. They are
looking for easy targets and quick money. The consequences of a successful cyberattack can be devastating.
Statistics Reputational Damage
51% of small businesses fall victim to
ransomware and pay the ransom.
$250,000+ is the amount 20% of mid-sized
businesses paid to recover from a cyberattack.
$1,467 is the average cost per minute of
business downtime.
Loss of trust: Data breaches severely
damage customer trust, leading to significant
business losses.
Market impact: Public knowledge of a breach
can ruin your reputation, driving customers to
your competitors.
Financial Impact
Ransom demands: Hackers may demand
millions, and paying doesn’t guarantee you’ll get
your data back.
Recovery costs: Beyond the ransom, you’ll
face operational disruptions, additional labor
costs, and legal fees.
Long-Term Consequences
Business downtime: Cyberattacks can
halt your operations for days or even weeks,
affecting productivity and revenue.
Legal and compliance costs: Regulatory
fines, legal fees, and costs associated with
compliance breaches can add up quickly.
Protect your business now. Contact us today to safeguard your data and devices, prevent devastating financial and
reputational damage, and ensure your business can thrive without the threat of cyberattacks.
The True Cost of Cyberattacks Tip Sheet
