The cost of a data breach has risen 12% over the past five years, costing almost $4 million on average.
Not only does the data breach itself cost money, the increased regulation and resolution following a breach factor into the increasing cost of reparation.
And small businesses suffer more, as the per-employee costs of a breach are higher for businesses with less people:
- $204 —The per-employee breach-related costs for organizations with more than 25,000 employees
- $3,533 —The per-employee breach-related costs for organizations with between 500 and 1,000 employees1
This can hamper the financial recovery of small businesses.
Protect your business with IntelliSecure, a scalable, turnkey managed security with unified threat management (UTM) and closed-circuit video surveillance 24 hours a day, seven days a week.
IntelliSecure protects your network and data from desktop-to-cloud with firewalls, content filtering, anti-virus, antispam, anti-spyware, data management, and intrusion prevention systems so that the data on your network is protected from the legions of cybercriminals bent on infiltrating and corrupting business systems.
Contact IntelliSyn today to learn more about the effects of data breaches on small businesses and what you can do to ensure your business is protected.
1 https://smallbusiness.com/tech/ibm-study-data-breaches-a-growing-risk-for-small-business-2019/
