Small Business Data Breach: Mitigating the Damage
While data breaches at giant retailers like Target and TJ Maxx grab the spotlight, it’s just as realistic a scenario for small businesses – and the attacks at that level can prove far more devastating. Experts say small business owners who don’t make protecting customers’ personal information a top priority could soon find themselves out of operation.
“I don’t know how small and medium-sized businesses can survive something of that magnitude,” Will Pelgrin, president and CEO for the Center for Internet Security, told Business News Daily.
Jefff Kosc, a partner with the law firm Benesch, Friedlander, Coplan & Aronoff LLP, said businesses that compromise customers’ personal data, such as credit card and Social Security numbers, face a multitude of costs, not all of which have an exact dollar amount attached.