Small and mid-sized businesses (SMBs) face a unique set of obstacles concerning their IT security. These obstacles can shake the confidence of their IT team, and as a result, they stand to be a likely victim of a security breach.

Ponemon Institute's 2016 Cost of Cybercrime report proves that in the current cybersecurity landscape, the average company could expect a $4 million dollar loss per breach incident, with United States companies experiencing an additional $3 million dollar loss. And according to another Ponemon Institute survey, the 2016 State of SMB Cybersecurity report, more than 50 percent of 600 SMBs in North America have been breached in the last year.

These are consequences that SMBs cannot afford to face.

The results of the second Ponemon report also summarizes the unique challenges that SMBs face when it comes to their IT security. Read more.

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Elizabeth Hulsey

Sr. Marketing Communications Specialist