business

Cyberattacks are on the rise, and that includes small businesses. Here's what to know

Font size+Author:Cosmic Coverage news portalSource:opinions2024-05-21 20:54:25I want to comment(0)

NEW YORK (AP) — Cyberattacks on businesses are rising, including small businesses. It’s a troubling

NEW YORK (AP) — Cyberattacks on businesses are rising, including small businesses. It’s a troubling trend because a breach can be very costly and time consuming if owners don’t have a plan to deal with one.

According to the Verizon 2023 Data Breach Investigations Report, the median cost per ransomware attack — which features a type of malicious software designed to block access to a computer system until a sum of money is paid — more than doubled over the past two years to $26,000.

That’s partly because there has been a dramatic increase in ransomware attacks, which represent 24% of all breaches.

Small businesses should first have a plan in place to prevent cyberattacks. The human element is the cause of 74% of breaches, so owners should make sure all of their employees use safeguards such as two-factor identification to make it harder to be hacked. Requiring employees to regularly change their passwords can also help.

Related articles
  • Target to lower prices on basic goods in response to inflation

    Target to lower prices on basic goods in response to inflation

    2024-05-21 20:20

  • Using a walker boot for too long may mean you can't ever walk properly without it again

    Using a walker boot for too long may mean you can't ever walk properly without it again

    2024-05-21 19:48

  • EPA rule bans toxic chemical methylene chloride, toxic solvent known to cause liver cancer

    EPA rule bans toxic chemical methylene chloride, toxic solvent known to cause liver cancer

    2024-05-21 18:59

  • Workers' paychecks grew faster in the first quarter, a possible concern for the Fed

    Workers' paychecks grew faster in the first quarter, a possible concern for the Fed

    2024-05-21 18:30

Netizen comments