Improve your information security practices with our SMB Security Package.
Could your business withstand a $200,000 loss?
According to insurance carrier Hiscox, the consequences of cyberattacks continue to grow, with digital incidents now costing businesses of all sizes $200,000 on average. SMB (Small & Midsize Business) security has never been more important, but it remains extremely expensive to implement. A recent article published by infosecurity magazine concluded that for small businesses to implement effective cybersecurity measures, it would cost considerably more as a percentage of operational budget than it would for larger organizations – up to around 4% compared with 1-2% for enterprises.
Historically, cybercriminals have been focused on targeting the enterprise, but as information security has improved, criminals have turned their attention to smaller businesses.
Cyber-attacks on the SMB (Small & Midsize Business) have jumped 15% over the past year.
– Hiscox 2019 Cyber Readiness Report
SMB Security Impacts
The average cost of a security breach affecting small to midsize businesses increased by 61% from $229k in 2018 to $369k in 2019, while a recent “Cost of a Data Breach” survey conducted by Ponemon Institute detailed how the healthcare industry faced the highest cost per record data breach cost, at $408 per compromised record; that’s nearly three times the average of $148.
On top of the cost of remediation efforts, which can include providing identity theft protection, security upgrades, and 3rd party expenses, small to midsize organizations are likely to also face many other indirect costs, some of which include, but are not limited to:
- Shutdown costs for remediation
- Lawsuits/fines from regulators
- Class Action Lawsuits
- Loss of brand value
- Increases in insurance costs
Improve Your SMB Security
Improving information security is an often-complicated process, requiring a significant amount of expertise in information security, information technology, and regulations. Most of the time, SMB owners are just trying to get the mountain of tasks done for the day. With a lack of resources, it can be next to impossible to even consider improving security. The Penn Group’s Small Business Security Package solves this problem. Our certified security experts did the hard work for you, so that you can have the peace of mind your business is not wide open to attackers. While it is impossible to stop every breach, you can be prepared in the event of the unthinkable.
Package Features:
CYA With Compliance
Every SMB is different in operational capacity and security requirements. In order to meet the needs of your business from a security perspective, it is useful to evaluate your current security needs. Some businesses may need to be compliant with standards such as PCI-DSS, New York Cybersecurity Law, and CCPA. Our Small Business Security Package helps you understand what rules you should follow, and how to protect your business.
Secure Your Tech
Your business’s technology is specialized for your needs. This technology must have proper security measures in place to ensure the protection of your customers. Securing your network, endpoints, operations, mobile devices, and your building is a tremendous challenge to take on without expert guidance. The Penn Group’s Small Business Security Package walks you through the steps to take to ensure your customers are protected. If you get stuck, we are here to help.
Train Your Liabilities
All businesses rely on great people to achieve the impossible. Fortunately, your people are your best defense against cybercrime. Unfortunately, they are also your greatest liability. One wrong click is all it takes for your systems to be compromised and your accounts drained. The Penn Group’s Small Business Security Package provides you with turn-key training that targets cybersecurity awareness topics that keep your organization out of the news.
Help When You Need It
The Penn Group's certified cybersecurity consultants are available to answer your questions as they come. Our consultants hold the coveted CISSP certification as standard. With extensive backgrounds in all domains of security, your business will be protected by industry best practices. Enjoy free email support for 30 days after purchase.
Register Your Interest
The Penn Group Small Business Security package is coming soon. Register your business below for the latest updates.
