Small businesses are the backbone of every growing economy, bringing growth and innovation to the communities in which they are established. However, these businesses are often vulnerable when conforming to the new standards of remote work.
Today, one of the greatest threats to small businesses is a cyber attack. According to the Wall Street Journal, companies with less than $10 million in annual revenue are less likely to be prepared for cyber attacks. FireEye also reports that while 77% of all cyber crimes are directed towards small businesses, only 42% of small business owners are concerned with cyber security. The National Small Business Association reports that as many as 60% of small businesses will fail within six months of experiencing a significant cyber breach. These findings clearly show that most small businesses lack the ability to defend against this growing threat.
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