Researchers say it is estimated that more than 70 percent of cyberattacks target hit small businesses, many resulting in the demise of the business.
Small and midsize businesses (SMBs) are often easy targets for hackers. A smaller company, with a limited cyber threat defense budget, is less likely it to use multi-layered defenses that block hackers in today’s cyber environment. SMBs often think they are protected with one layer of security, such as a firewall, anti-virus, or a simple backup.
Does your company have $50 million to spare? That is how much a ransomware attack cost Norsk Hydro in the first quarter of 2019. A total of 22,000 computers had their files forcibly encrypted across 40 countries in which the aluminum producer operates. Employees were using typewriters and manual production lines where possible to operate the business. Norsk Hydro did not pay the hackers’ ransom and was completely honest about what happened. Its approach was praised by both law enforcement and
