Small business doesn’t necessarily mean small data.
Small business doesn’t necessarily mean small data. In fact, according to Michael Bruemmer, vice president at Experian Data Breach Resolution, thieves prefer to target small- to medium–sized businesses (SMBs) because many lack the resources or expertise to manage cybersecurity. Retailers are especially easy targets for cybercriminals who look to hijack credit card data, but customers aren’t the only victims. Among SMBs that suffer a breach, 60 percent go out of business after six months, he says.