Hackers usually go after confidential data like bank account info, credit card accounts, and social security numbers. If your small business is breached, it will be costly. When the confidential data of your customers are exposed, they’ll just take their business to your competitors. In many cases, this type of damaged reputation is irreparable.
You do the math. If you have 25 employees, you’ll be hit with $5,000 in costs. This amount includes investigation and notification costs, litigation expenses, lost business, and the time it takes your staff to remediate the breach. The resulting consequences of cybercrime go well beyond the actual incident and can have long-lasting implications.
