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| Source: Veracode |
In a day and age when most
businesses rely on the internet for daily operations, many do not have a formal
cyber security plan in place. Businesses that don’t protect themselves against
cyber attacks risk paying a price that could ultimately cost them their business.
According to research by Symantec and the National Cyber Security Alliance
(NCSA), the average cyber attack cost small and mid-size businesses $188,242.
Leading two-thirds of companies victimized by hackers to close their doors
within six months of the attack.
According to the Federal
Communications Commission (FCC), “as larger companies take steps to secure
their systems, less secure small businesses are easier targets for cyber
criminals.” If your business doesn’t have a formal cyber security plan in
place, the FCC offers a free, comprehensive cyber security planning guide for
small businesses with actionable items and helpful references to put a cyber
security plan in place.
