Ransomware remains a massive threat to small-to-mid-sized businesses (SMBs). From Q2 2016 – Q2 2018, 79% of IT Support Businesses reported ransomware attacks against customers. In the first 6 months of 2018 alone, 55% report ransomware attacks against clients. 92% predict the number of ransomware attacks will continue at current, or worse, rates

The problem is only getting worse with the cost of business downtime being 10X greater than the cost of the ransom requested. The average requested ransom for SMBs is ~$4,300 while the average cost of downtime related to a ransomware attack is ~$46,800

If you own or run a business, It’s something you can’t ignore any longer!

The reports show 32 percent of companies were hit by at least one malware attack last year,1/5th of them had to completely stop operations immediately.

“The number one threat for SMB CEOs is thinking they are immune for some reason. They think they don’t have anything the hackers want because it’s not worth the price to protect themselves. Until something happens, then they’re shocked by the cost to get everything back up and running. It’s mind blowing” – Michael Drake, CEO, masterIT

Ransomware: How much data can you afford to lose in 2019?