Almost a third or 28% of data breaches in 2020 involved small businesses. The data comes from one of the most acclaimed cybersecurity reports in the industry, theVerizon Business 2020 Data Breach Investigations Report(2020 DBIR). Currently, in its 13th year, the DBIR is an industry-standard ...
Some insurance companies now offer data breach insurance that can assist if a compromise does occur. Insurance policies are no substitute for careful protection of customer information, but if they unthinkable does happen, they can mean the difference between going under and weathering the storm. Pro...
a significant portion of this happens from the inside. If a worker turns into a disgruntled employee, they may want to steal from your organization to get back at you. It sounds terrible but it happens all the time. However, if all your employees know that your customer database is ...
Avast has found that almost 40% of small business employees think that a staff member who unknowingly clicks a malicious link would be held personally responsible for a data breach, which could be encouraging employees to keep quiet rather than flagging a potential threat....
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Small Businesses at Big Risk of Data BreachLOS ANGELES - To the money managers at Silversage Advisors inIrvine, Calif., it seemed like a...E Scott ReckardTiffany Hsu
Businesses realize and avoid the risks associated with being responsible for sensitive customer information. Two-thirds of small businesses (66%) areconcerned or extremely concerned about compromising customer data. Source: Hiscox, “2018 Small Business Cyber Risk Report” ...
As a result, the market for the best cybercrime business insurance is predicted to increase to more than $20 billion by 2025, up from $8 billion in 2020.[22] The average data breach can cost millions of dollars As data breaches become increasingly common, companies without top liability ...
so you can see how deals progress through the funnel, where your team needs help, and which deals need that extra push to close. It also should be able to follow a lead from when they fill out a web form or call to when they become a customer or start referring other clients to ...
They can target businesses to steal sensitive information as well as customer data. This puts both your business and customers at risk—which can decrease customer trust. How to protect your business: Store customer data with encryption and secure storage practices, such as using identity ...