5 costly consequences of SMB cybercrime
Criminals looking to steal data or disrupt commerce don’t only hone in on large corporations. Small and midsize businesses (SMBs), in fact, are just as attractive a target.
In 2013, there were about 28 million SMBs in the U.S., two-thirds of which contributed about $7.5 trillion to the U.S. economy. This makes them a lucrative and vulnerable victim for cybercriminals simply because many of them are not paying attention.
Crime committed through the Internet falls into two broad categories: information theft and digital vandalism. Theft includes financial information, product or strategic proprietary information, customer records and transaction histories. Once stolen, this information is used to either directly steal funds from the SMB or its customers, or is sold to other criminals.