Pandemic Within Pandemic: Cyber Attacks on Small Business

As we enter 2022, surviving small businesses continue to be plagued with financial uncertainty. But on top of the pandemic lies another risk, what some experts are calling a “pandemic within a pandemic” for small business: cyber attacks. Research shows that small businesses are the #1 target for cyber criminals with attacks at all-time highs and an average ransom payout of $177,000. That’s quite a heavy financial risk for small businesses to manage and in most cases the ransom must be paid.