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Small Business: A Big Target For Ransomware

Cyber-criminals know they possess valuable data

One of the nation’s highest profile ransomware attacks occurred in February 2016 when Hollywood Presbyterian Medical Center paid $17,000 in bitcoin to criminals in order to retrieve access to its data.

There have been many more attacks of varying sizes since then and, just this past quarter, there was a ransomware attack demanding a seven-figure payment. For the most part, however, the average ransomware demand hovers around $10,000.

Small and medium-sized businesses (SMBs) are big targets for cyber-criminals looking to hold data for ransom for several reasons.

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