According to the Ponemon Institute’s Cost of Data Breach Survey, the average per record cost of a data breach was $201 in 2013, and the average organizational cost of a data breach was $5.9 million.
If your company handles critical assets such as customers’ personal data, intellectual property or proprietary corporate data, you are at risk of a data breach. It doesn’t matter if you are a Fortune 500 company or a small “ma and pa” shop—cyber thieves are always looking for their next score. It is often assumed that smaller businesses can escape attention from cyber crooks, but according to Verizon Communication’s 2013 Data Breach Investigations Report, 31 percent of data breaches were at companies with 100 or fewer employees. No company of any size is completely safe from a data breach.