In a world with multinational corporations making hundreds of millions – if not billions – every year, you may feel safe and secure as a small business – why would you be a target?
The reality is 43% of cyberattacks focus on small businesses, while only 14% of owners rate their ability to control or prevent cyber threats as “highly effective”.
That’s a recipe for disaster. But if you’re thinking you can’t afford to get better protected, the unfortunate reality is that you can’t afford not to get your cybersecurity in order and up to speed:
• The average cost of a data breach in Australia is $2.13 million USD.
• Even a tiny incident can end up costing you $100,000+ in lost revenue, fines, and recovery of lost or stolen assets
• 60% of SMBs go out of business in six months or less following a cyber attack
Consider it the cost of doing business in our digital, ultra-connected world. You benefit from greater convenience and reach, but you’re at risk of greater danger as a result.
Want to see the real impact of IT security on small businesses? You don’t need to be scared, but you most definitely need to be aware.
Infographic by Microsoft 365