A Danger of Hacking in Small Businesses

A Danger of Hacking in Small Businesses

Computer Hacker

Small Business Hacker

Not only big businesses are target of all hackers, small businesses are in danger too. Why is it small businesses might be a perfect target for hackers and the danger it brings? Find out in this article.

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It’s not just big businesses like JPMorgan Chase, Target and Home Depot that get hacked. Small companies suffer from intrusions into their computer systems, too.

The costs associated with computer and website attacks can run well into the thousands and even millions of dollars for a small company. Many small businesses have been attacked — 44 percent, according to a 2013 survey by the National Small Business Association, an advocacy group. Those companies had costs averaging $8,700.

JPMorgan Chase said the attack on its computer servers this summer compromised customer information from about 76 million households and 7 million small businesses. Target Corp., Michaels Stores Inc. and Neiman Marcus have also reported breaches of their computer systems in the past year, as did Home Depot Inc., whose customers include small contracting companies.

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Typically, businesses must have a computer expert find the source of the attack and systems have to be purged of harmful software like viruses. When websites are shut down revenue can be lost.

Making matters worse, if customer data was breached, companies often must pay to notify each person or business affected. In some states, they’re encouraged to pay for credit report monitoring for customers, says Matt Donovan, head of technology insurance underwriting for the insurer Hiscox USA.

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Source: JOYCE M. ROSENBERG

Image Source: Brian Klug