Organizations are in a difficult place when it comes to protecting themselves against the current cybersecurity threat environment. Many companies believe that they’re too small to be a hacker’s target. However, given the wide range of businesses and organizations being hit on a daily basis, this couldn’t be farther from the truth. If your organization has data, and every business does, you are a worthy and potentially lucrative target for cyber criminals.
Because of financial damage, as well as damage to a company’s brand, there is a substantial cost for small to mid-sized businesses to recover from just one security incident. According to a recent report from Kaspersky Labs, the average cost of recovery from a single security incident is estimated to be $86,500 for small and medium businesses and 10 times that – $861,000 – for enterprises. These recovery costs take into account the time, cost and labor associated with: