It’s no secret that financial institutions are in criminals’ crosshairs.

Sixty-one percent of firms suffered a cyber attack in the past year, compared to 41 percent the year prior. The median cost for losses associated with cyber incidents shot up from $229,000 to $369,000, says a 2019 Hiscox cyber Reading Readiness Report. 

Eighty-six percent SMB clients were recently victimized by ransomware and 21 percent report six or more SMB attacks in the first half of 2017 alone, according to Datto’s State of the Channel Ransomware Report. 

More than three-fourths of small businesses (84 percent) include social media integration or messaging features on their app to keep users on their app for a longer period of time, according to a survey from Clutch.