Cybercrime is big business for cybercriminals. The British insurance company Lloyds estimates that the damage inflicted on businesses around the world costs about $400 billion every year. This figure includes the amount of damage caused directly by the attack, plus the disruption it causes in its wake.
While recent high-profile attacks such as the WannaCry ransomware attack show that large organizations such as the UK’s National Health Service are vulnerable, the reality is even businesses that don’t make the headlines are at risk as well.
In fact, Microsoft estimates that around 20% of small to medium-sized businesses have been targeted by cybercriminals.… Read more