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Why Ransomware Costs Small Businesses Big Money

by Selena Larson | Jul 31, 2017   ()

When businesses are hit with ransomware, it's not just the ransom amount that could financially hurt. The time spent trying to get systems back online and potential revenue lost in the meantime makes a lasting impact, too.

Major cyberattacks like WannaCry have put ransomware -- known as malware that locks down computers until money is sent -- top of mind for businesses. But smaller, more targeted ransomware attacks can also do considerable damage to small businesses.

According to report from Osterman Research -- conducted in June among more than 1,000 small and medium businesses and released this week -- about 22% of businesses with less than 1,000 employees that experienced a ransomware attack in the last year had to stop business operations immediately. About 15% lost revenue.

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Source: CNN
Source: CNN

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