No business, whether a small startup or a multinational corporation, is immune to cyber threats as they grow in complexity and frequency. Small businesses often lack dedicated IT security teams, making them attractive targets for cybercriminals. On the other hand, large enterprises face sophisticated attacks aimed at exploiting vast amounts of sensitive data. In 2024, the global average cost of a data breach reached an unprecedented $4.88 million, marking a 10% increase from the previous year (IBM, 2024). Additionally, data breaches have become alarmingly frequent, with 3,158 incidents reported, reflecting a 70% rise since 2021 (Time, 2024). These numbers highlight the urgent need for stronger cybersecurity measures across all industries, regardless of business size. Furthermore, cybercriminals are evolving their tactics, leveraging artificial intelligence, deepfake technology, and increasingly sophisticated phishing schemes to exploit vulnerabilities. As threats continue to rise, companies must recognize that their current security strategies may not be enough to mitigate risks.
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