The Lasting Effects for Small Businesses When Data Breaches Are Ignored
In August, the Equifax data breach left more than 145 million Americans vulnerable to identity theft. Sensitive information such as Social Security numbers, addresses and consumer names were stolen by internet hackers who can use the information to impersonate individuals by opening bank accounts, applying for new credit cards or even attempting to get driver’s licenses.
- 87 percent of small-business owners do not feel they are at risk of a cyberattack.
- In 2016, 61 percent of cyberattack victims were businesses with fewer than 1,000 employees.
- The average cost of cleaning up a small business after it’s been hacked is $690,000.