The Osborne Observer

Cyber Security Risks - Are You Protected?

Cyber security risks are present in almost all organizations, irrespective of size, as we all become increasing dependant on information technology to manage operations, HR, financial and customer information. These operational risks should be considered by all organizations as part of their risk management program.

While Small to Midsized Enterprises (SME) don't have the luxury of dedicated information security teams and resources that large enterprises can afford, they still face many of the same threats. According to the Government of Canada, over 31% of cyber-attacks intentionally targeted small to medium sized businesses in 2012 and that number has increased in the past two years. They also report that the average financial impact to such businesses is in excess of $15,000 per attack, although this number is conservative when compared to other studies.

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