Is it important for small businesses to have effective cybersecurity protocols and recovery procedures in the event of a ransomware attack or hack?

Answer 1

Absolutely! In fact, small businesses often have more to lose than medium to large companies. The latter often have more resources and funds to outlast an attack and cope with the financial fallout. And with even one incident, small organizations run the risk of either not fully recovering from the attack for a lengthy period of time and even going out of business because of the consequences.