Cyber crime is on the rise and small businesses are increasingly becoming the target of hackers.
New data from Symantec’s 2016 Internet Security Threat Report shows that small businesses have become a big target for phishers. Last year, phishing campaigns targeted small businesses (PDF) 43 percent of the time. That’s up 9 percent over 2014 and a stark contrast to the mere 18 percent of attacks that focused on small businesses in 2011.
Cyber Attacks Target Small Business
Symantec’s report shows that about 1 in 40 small businesses are at risk of being the victim of a cyber crime. That pales in comparison to the 1 in about 2 large businesses which are targeted every year — multiple times — with a cyber attack.
Still, the report indicates that hackers are indiscriminately choosing their victims. It’s not a matter of who they’re targeting but what they’re targeting … your money.