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.