Disaster Planning

There is an increase in the number of ransomware assaults against small enterprises. When it comes to cyberattacks, 43 percent of them target small businesses with less than 250 people. According to reports, there is a one-in-two risk that your small business may be the victim of a cyberattack in the next 12 months, depending on your industry. Ransomware has already hit one out of every five small businesses.

A cyber crisis occurs when a cybercriminal infects your website or files with ransomware and keeps your information and data hostage until you pay a ransom demand. When ransomware strikes, the typical small firm is forced to close its doors for two entire days. They must pay anywhere from a few thousand dollars to tens of thousands of dollars in order to recover their information. Only one-third of them lose money, but all of them suffer damage to their brands and customer loyalty that is much more difficult to measure and fix.

Unfortunately, even if most of the small companies end up paying the ransom, this does not ensure that they will receive anything in return. There have been several instances where organizations have fully complied with ransom requests, only to have the hacker increase the ransom demand—or simply walk away with the money and your data. A poll of small business customers found that ransomware, phishing attacks, and other infections are the most common threats to small business data.