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Business Insurance Blog


A regularly updated collection of insightful posts and articles written by members of our team as well as by industry professionals and experts.


How Data Breaches Affect Small Businesses

While hacking-related data breaches and subsequent ransom demands to large corporations like HBO, Target, and Home Depot understandably garner widespread attention, the resulting assumption that only large companies face this growing digital threat couldn’t be further from the truth. In fact, a study in 2016 found that 43% of all cyber attacks targeted small businesses. Even more alarming is that a staggering 60% of small businesses hit with a cyber attack or data breach go out of business within 6 months. Let’s take a look at specifically how this increasing threat affects small businesses.
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