statistics in Kroll’s 2017 report revealing that, as of last year, cybercrime has overtaken physical theft as the #1 illicit threat to practices of all sizes.
Many of them are unaware that digital breaches are even a serious risk for small practices, assuming that the high-profile breaches of ASX 500 companies they read about in the news each month are the only kind that ever happen. Few of them know that the cost of these attacks on small practices typically surge far past $1 million, reaching into the stratosphere as practices downtime ticks on and on.
According to a 2016 survey conducted by the National Centre for the Middle Market, these practice managers and directors aren’t reading the writing on the wall. They’re the reason why less than half of midsize practices have an up-to-date strategy to protect them from cyber-attacks. A few of them – about a third – don’t have any strategy in place at all.