60 Percent of Companies Fail in 6 Months Because of This

Small business is all about managing risk since no risk can be prevented with 100% certainty. But what if I told you that there is one risk which puts 60% of businesses that encounter it out of business? You’d get better odds at Vegas playing craps! Furthermore, what if I told you that it is virtually certain you will encounter some form of this risk and that you might already have and not even know about it? Worse yet, I’ll bet most people reading this are barely, if at all, prepared for it.

It’s the risk of a cyber attack.

Research conducted by the National Cyber Security Alliance found that:

Almost 50 percent of small businesses have experienced a cyber attack.
More than 70 percent of attacks target small businesses.
As much as 60 percent of hacked small and medium-sized businesses go out of business after six months.

For more details, read here.

Author: Thomas Koulopoulos