Ransomware: Why Are Small to Midsize Enterprises Targeted Most Often?
The majority of cyber-attacks happen to small businesses and midsize enterprises. With the average cost of a cyber-attack close to a quarter of a million dollars, it is not surprising many businesses close within 6-months of a cyber-attack.
According to a survey of managed service providers for SMEs, only 30 percent felt that ransomware was a critical threat, perhaps indicating an attitude that it only affects larger corporations. Smaller businesses may, in fact, be more at risk because of several key factors.