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The Cyber Risk Landscape for Small Businesses
Turning Your Biggest Risk into a Competitive Advantage
Are you confident your current IT infrastructure can withstand the ever-evolving threat landscape? Have you considered the real-life impact of internal IT employees' vulnerabilities? Do you feel that the tools you have in place truly protect your business?
We work with and have assisted many businesses that have an internal IT department but need some extra help.
Why not help your internal team stay on top of rapidly evolving cyber threats by bringing on a co-managed IT solution?
Cybercrime is Rapidly Growing to Affect
Businesses Around the Globe
By using "as-a-service" business models, cybercriminals can launch a high volume of attacks for significant financial gain. They increasingly target small businesses, which often lack the resources and expertise to defend themselves.
In fact, between 2021 and 2022, there was nearly a 200% increase in attacks against small businesses. By building a layered security program aligned to best practices now, small businesses make cybersecurity a competitive differentiator.
15%
Global cybercrime costs
growth rate year-over-year
$10.5 trillion
Expected total cost of cybercrime
by 2025
$21.44 trillion
United States nominal
GDP in 2021
The Most Common Threats to Small Businesses
Ransomware
Security Misconfigurations and Unpatched Systems
Credential Staffing
Social Engineering
Small Businesses are Big Business for Cybercriminals
58%
Of cyberattack victims are
small businesses
47%
Of small business suffered at least one cyberattack in the last year
$2.98 million
The average cost of a data breach
for a small business
The Damage of a Cyber Incident Extends
Far Beyond the Initial Impact
Reputational Harm
Stolen Intellectual Property
Lost Customers
Operational
Downtime
Making Cybersecurity Your Competitive
Advantage Delivers Benefits
Increase Trust
Protect Your Crown Jewels, Customers, and Employees
Win New Business
Comply with Regulations
Determining Your Cyber Risk
Questions To Help Determine Your Exposure
1. What kind of sensitive data does your business handle, store, or transmit? (e.g., intellectual property, financial information, employee data)?
2. What technologies do you use to operate (e.g., Office 365, QuickBooks, AWS Cloud)?
3. What is your hourly cost per operational downtime?
4. How effectively could your teams function if they couldn't use technology?
5. What would be the impact on your brand if you had a cyber incident?
6. Do you fall under any compliance or regulatory frameworks? What is the impact to your business if they are violated?
7. What about your customers?
8. How would a cyber incident impact your employees? How about their families?
9. What measures do you have in place to protect against cyber threats
Contact us today to learn how we can help turn cyber from a risk
into a competitive advantage