Information Technology & Cybersecurity Blog

Big Increase in CyberCrimes

Written by Leonard Galati | Nov 13, 2022 1:02:00 PM

Cybercrimes have increased significantly over the last year. A recently released IBM study showed that the average cost of a data breach for organizations with fewer than 500 employees was almost $3 million per incident in 2021. The Anti-Phishing Working Group, a global industry, law enforcement and government coalition, found that the number of phishing attacks has doubled since early 2020. And approximately 60 percent of small businesses that suffer a cyberattack go out of business within six months of being hacked, the coalition reports.