I just had a shocking experience! I was reading an article today reporting that businesses are facing a $7 Trillion loss in 2018 due to cybercrime. This is what Forbes said in their article, “The True Cost Of Cybercrime For Businesses.”
I knew that companies were losing money due to ransomware and hackers accessing their financial accounts, but $7 Trillion?
That’s one-third of the national debt!
(Wow, that’s another frightening thought!)
And – Did You Know That Cybercrime Costs The Average Business $15 Million A Year?
While you’re busy running and growing your business, working hard to make money, cybercriminals are finding new and more sophisticated ways to steal it. They want to breach your IT system to steal your confidential data so they can hold your data for ransom, or get passwords and IDs to take cash directly from your bank accounts.
I’m sure you know and have heard about these security breaches. But did you know that (according to a new report from IBM and the Ponemon Institute hacking attacks cost the average U.S. business $15 Million a year!
And this amount only accounts for the direct cost of a breach. The true costs are even greater!
These Aren’t Just Large Businesses
You may be thinking that only large enterprises get hit. Sorry, you’re wrong!
Thieves are now targeting small and mid-sized businesses because they’re easier to hack. That means if you own or manage one of these, you’re in their “bull’s eye.”
Here’s something else that will keep you awake: Cybercrime Is Big Business
It is now equal to the level of industrial corporations. And it’s led by start-up entrepreneurs who provide criminals with the technology, infrastructures, hosting services, payoffs, and everything else they need to set up their own businesses.
What The FBI Says
On May 7, 2018, the FBI released the Internet Crime Complaint Center (IC3) 2017 Internet Crime Report, which highlights trending Internet scams.
Here’s what it says.
In 2017, we lost:
The list goes on and on. Read it for yourself when you have time.
Unfortunately, it doesn’t look like things will improve anytime soon.
Cybercrime damage costs are expected to hit $6 trillion annually by 2021.
So What’s The Answer?
Obviously, you must protect your business. What’s the best way to do this? There are a number of ways.
You can read the NIST report at https://nvlpubs.nist.gov/nistpubs/hb/2017/NIST.HB.162.pdf and try to implement all of these things yourself. Or you can contact us, and we’ll take care of everything.
Here are some of the things we can do to keep your data and business safe:
As you can see, there’s a lot you can do. You don’t have to be a helpless victim.
I hope this will help you sleep better tonight.
But remember, if you think hackers aren’t after your business data and money, think again. They’re working at it as we speak. On second thought, you’d better take a sleep aid tonight … sorry.
If you’d like to learn more about how Globalquest Solutions can protect your business from the growing number of global cyber-attacks, please contact us. We have the tools, resources, and expertise to stop attacks from occurring and ensure that your data and computer assets are safe and secure. Call (716) 601-3524 or email firstname.lastname@example.org.