The Average Data Breach Now Costs $4.88 Million – How Much Would It Cost You?

You don’t have to be a big corporation to suffer a major cyberattack. In fact, small businesses are now the most common targets for cybercriminals. Why? Because they’re easier to get into – and more likely to pay up.

And while a Fortune 500 company might be able to eat the cost of a breach, most small businesses can’t.

According to IBM’s Cost Of A Data Breach Report 2024, the average cost of a data breach is $4.88 million.

Watch Out: Hackers Are Logging In – Not Breaking In

Cybercriminals are changing how they attack small businesses. Instead of breaking down the door, they’re sneaking in with a stolen key… your login credentials.

It’s called an identity-based attack, and it’s becoming the top way hackers get into systems.

Data Privacy Day: How To Protect Your Business From Costly Data Breaches

December 27th, 2024

January 28 is Data Privacy Day, a global reminder of just how vital it is to keep sensitive information secure. For business owners, “data privacy” is more than just a buzzword; it’s a critical part of protecting your bottom line.

Data breaches cost businesses an average of $4.35 million in 2023, according to IBM’s Cost Of A Data Breach report, and that number is only going up.