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		<span>According to The National Cyber Security Alliance, <u>one out of five </u>small businesses is affected by cybercrime each year. Worse, 60% of those hit&nbsp;<u>go out of business</u>&nbsp;within six months after the attack.&nbsp;In most cases, the&nbsp;<u>potential consequences</u>&nbsp;of a cyber-crime are immense and can paralyze a small business.</span>
In
 the past, big corporations like JPMorgan, Sony, and Target have 
experienced serious data breaches resulting from cyber-crimes, while 
small organizations have attracted less attention. This does not mean 
that small businesses are not victimized.&nbsp;Here are the reasons why they 
need to start taking cyber security seriously:
<h2><b>1: Cyber Threats&nbsp;Are&nbsp;Real</b></h2>
<span>According to a&nbsp;<u>Verizon Data Breach Investigations Report</u>,
 60 percent of cyber-attacks target small and medium-sized businesses 
(SMBs). One mistake often made by these small businesses is to assume 
that they cannot be targeted, thereby making them easy targets. Hackers 
are aware that these small enterprises lack the resources, experience, 
or policies to fight them.</span>
<span>In another cyber security survey of 1,000 small business owners,&nbsp;<u>85&nbsp;percent</u>&nbsp;admitted
 that they believed large enterprises were more targeted than they were.
 This finding explains why small enterprises continue to pay little 
attention to Cyber Security. In reality, however, cyber criminals do not
 discriminate and have no priority targets. They attack any weak 
security system, whether it is a small business or a large one.</span>
<span>In late 2013, a&nbsp;<u>Target breach</u>&nbsp;exposed
 over 40 million consumers debit and credit card information as well as 
other personal records. The breach cost Target around $105 million and 
was a testimony of the harm that&nbsp;cyber threats can cause to a business.</span>
<h2><b>2: Small Businesses&nbsp;Have Information&nbsp;Hackers Want</b></h2>
<span>While small businesses do not have as many risks as larger businesses, the Council of Better Business Bureaus reveals that&nbsp;<u>7.4&nbsp;percent</u>&nbsp;of small business owners have been victims of fraud.</span>
Small
 businesses hold customer and employee information, making them prime 
targets. The types of information that these hackers target range from 
online banking credentials to social security numbers.
<span>Since
 these criminals are motivated by cash, business banking information 
needs to be safeguarded as much as possible. Before choosing a business 
bank account, a business should take&nbsp;<u>all the necessary precautionary measures</u>&nbsp;before settling on a suitable choice.</span>
<h2><span><b>3: Cyber Criminals</b>&nbsp;<b>Are at Work Every Second</b></span></h2>
<span>According to Trend Micro’s research findings,&nbsp;<u>3.5 new threats occur every second</u>.
 The security software company further adds that these attacks are 
motivated by money. The findings highlight the increasing need to be 
vigilant towards Cyber security.</span>
Trend Micro cites two factors behind this alarming increase:
<ol><li>Small businesses are plenty in number and present a huge market for exploitation</li><li>Larger enterprises have enhanced their security systems and have pushed hackers to look for smaller targets</li></ol>
Smaller
 businesses need to enforce their internal security rules. They need to 
be on the lookout for suspicious internet activities and prepare for an 
emergency plan in case of an attack.
<h2><b>4: Noncompliance Is Costly</b></h2>
<span>The cost of compliance stands at&nbsp;<u>$3.5 million for multinational organizations</u>&nbsp;though
 the amount is smaller compared to the cost of noncompliance. Just like 
larger organizations, small businesses also deal with people, 
technologies, and processes, all of which can be a target of cyber 
crime. Therefore, it is misleading for small businesses to think they do
 not need to comply with data protection regulations.</span>
<h2><b>5: Small Businesses (and Hackers)&nbsp;Are Moving to&nbsp;the Cloud</b></h2>
<span>The overall cloud market for small to medium-sized businesses (SMBs) is today&nbsp;<u>valued at $16.8 billion</u>&nbsp;and
 is expected to approach $100 billion by 2020. In addition, more SMBs 
(74&nbsp;percent) were planning to increase their expenditure on cloud-based 
software in 2016.</span>
With
 all these developments, it is only right for small businesses to spend 
enough on cloud security. According to a 2010 Forrester report, only 
about 36&nbsp;percent&nbsp;of SMBs plan to increase their spending on network 
security out of 84&nbsp;percent&nbsp;who considered it a high priority.
<h2><b>In a Nutshell</b></h2>
The
 number of threats that cybercriminals unleash continues to increase 
exponentially, and small businesses run a risk of losing data, sales, 
productivity, and even money. Since any organization can be a prime 
target, it is vital to take all the necessary steps to safeguard 
business information, technologies, and processes.<br><br>to know more about us please visit www [dot] aristilabs [dot] com<br></div><br>

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