Small Businesses Are Under Cyber Attack

Thomas Fox is president of Tech Experts, southeast Michigan’s leading small business computer support company.

Ransomware, crypto jacking and phishing are now the biggest threat to the survival of small- and medium-sized companies (not to mention large companies, local governments, and even the federal government). Here are some sobering statistics:

  1. Ransomware or hackers attack a business every 14 seconds in the United States.
  2. Sonicwall (a major firewall vendor) reported a 300% increase in the frequency of attacks in 2018.
  3. Ransomware attacks on healthcare organizations will quadruple by next year.
  4. The financial impact of ransomware attacks against small companies is predicted to reach $11.5 billion dollars in 2019.
  5. MOST ALARMING: 91% of cyberattacks begin with a spear phishing email, the most common way to infect a company with ransomware.

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