Cyber Security in 1 Minute | What is the Big Deal?

Cyber threats are at an all time high. Since COVID-19, the FBI reported a 300% increase in cybercrimes. 77% of organizations don’t know what to do or even how to combat cyber threats once they happen. As a result, 54% of companies have had at least one attack in the last 12 months.

Consequently there is a high price to pay. The average cost of a ransomware attack to on a business is $133,000. Furthermore, there could be other costs for replacing systems, fines, legal assistance, and the potential lost revenue of your current clients. For most small businesses, this would cause them to close their doors.