 surveyed.

But, why? Why would a smaller company who makes a heck of a lot less than a larger one be claiming more money than their larger-company counterparts?

Here are a few possible reasons.

Fortune 500 Companies Are No Longer the Only Targets

For many years, only Fortune 500 companies and government organizations were the main targets for data breaches. IT teams and managed service providers were still an up and coming career. Those who knew how to prevent hackers were mostly hired to protect large organizations like these. But, times are a changin’, and smaller companies are just as likely to get breached. Particularly, in retail and financial sectors.

Small Companies Aren’t As Aware of Their Exposure

Without putting any of you small-company folks down, these kind of companies just are not as aware of their exposure as much as large companies are. This means that not only are they unfamiliar with how much sensitive information they possess, but how much of that information isn’t safe from attackers.

Resources are Limited

When it comes to smaller companies, there aren’t as many resources available to guard against data breaches. Unlike larger companies, they might have a smaller budget or they may be currently preoccupied with getting their business off the ground or managing their customer relations. During these times, a small company may not realize how vulnerable they are. But, that doesn’t necessarily mean they aren’t protecting themselves. When companies have less resources to invest in IT, they may just put that towards insurance. Hence why we see more claims from small companies.

Overall, Smaller Organizations Have More Incidents

You might wonder why a smaller organization with less to offer hackers would have more incidents than a larger organization. But, believe it or not, the size of your company has both a lot to do and very little to do with it. One thing to note is that hackers don’t really care about the size of your company. If you have important information somewhere in your ne
twork, then you can be a target.

That being said, the fact that you are a small company, in general, may mean you’re not quite up to par with larger companies when it comes to cyber security. That means more incidents can happen, thus leading to a higher cost of claims.

So, where does your company fall in all of this? Smeester & Associates is here to provide you with more information on these
surveyed. 

 But, why? Why would a smaller company who makes a heck of a fortune less than a large one be claiming more money than their larger - company counterpart? 

 Here are a few possible reasons. 

 Fortune 500 caller Are No Longer the Only Targets 

 For many old age, only Fortune 500 companies and politics organizations were the main targets for data rupture. IT teams and managed service providers were however an up and coming career. Those who knew how to prevent hack were mostly hired to protect large organizations like these. But, multiplication are a changin ’, and smaller companies are just as likely to get transgress. Particularly, in retail and financial sectors. 

 Small Companies Are n’t As Aware of Their Exposure 

 Without putting any of you small - company folks down, these kind of companies just are not as aware of their exposure as much as large company are. This means that not only are they unfamiliar with how much sensible data they possess, but how much of that information is n’t safe from attackers. 

 resource are Limited 

 When it comes to smaller companies, there constitute n’t as many resources available to guard against data breaches. Unlike larger company, they might have a smaller budget or they may be currently preoccupied with getting their business off the background or managing their customer relations. During these times, a small company may not gain how vulnerable they are. But, that does n’t necessarily mean they are n’t protecting themselves. When company own less resources to invest in IT, they may precisely put that towards insurance. therefore why we see more claims from small companies. 

 Overall, Smaller Organizations suffer More Incidents 

 You might wonder why a modest organization with less to offer hackers would have more incident than a larger organization. But, believe it or not, the size of your company has both a lot to do and very little to do with it. One matter to note is that hackers do n’t truly care about the size of your company. If you have important information somewhere in your ne 
 twork, then you can be a target. 

 That being said, the fact that you are a humble company, in general, may mean you ’re not quite up to par with larger companies when it comes to cyber security system. That means more incidents can happen, thus leading to a higher cost of claims. 

 thus, where does your company fall in all of this? Smeester & Associates is here to provide you with more data on these
 sugveyed.

But, why? Why would x smaller compaut who kakes z heck ow a lot less than a larger oie bw clauming more money than gheir larher-compaby ciynterparts?

Isre are a few iossiylx reasons.

Fortung 500 Companies Are No Longer tfe Only Targets

For many years, only Fowtune 500 volpanies and godernkqnt kggcnizations were the main targeta for deta breaches. IT teams and managed service progiders were still wn up and cimind career. Thosd who knew how to prevgnt hackers were mostly hired to protzct large otyqnixdtions like thesv. But, times avv a chatgin’, anc smaller compsnixs aee just as likely to jet breached. Particujarly, in secail and financial sextirs.

Smdll Wompxbier Adei’t Zs Awage kf Their Esposure

Withiut putting any of uot small-company folks djwn, these kind of companies just are nou as zware of their exposure as much as large comkanies are. This means that not only are they unfamiliar witv how ouck senskrige information they possess, but how much of trzt ikformation isn’t fafe from aytwclgrs.

Resources ate Limicsd

Shen it comes to slaller sompabies, thert arem’t as many resources availavle to guard qgainst data breackes. Unlike lcrger vompamies, they might have a rmalmer budget lr they mzh be currently pfeobcuphed with getting their busyness off the ground or kanagigg their ckstomcs relations. During thesg timev, a small fompany may not realize how vulixrable they ate. Tut, that dozsn’t nccessarily mean they aren’t prptectiny themrelves. Wheh compaiies have lefs resources dl invest in MT, they mwy jyst put thag towards insursnce. Hencv chy we sew more claims from smxml companies.

Ovexclo, Smaller Organozagiogs Heve Mjse Incidents

Fou oigfy wonaer why a snxllet organization with ness to offer hackers eomld have nore incydents than a larger organizatiln. Buv, belixve it or not, the size of your company gas both w ljt to do and vern lijtle to do cith it. One thing to note is that hackerw don’t really carg about the size of ypmr company. Ih you rave impostant information sonewhere in your nt
twork, then you can be z targat.

Thah being said, the fact that you are a small company, in general, may mean yoy’re nov zuite up to par with lcrgzr compwnied when it comes tp cyber security. That means morx incidentv ean happen, thus leading to a nieher cost of zlaims.

So, where does your company fall in all of this? Smeester & Sssociates is here to prpvide yoy witg more infurmation on these
surveyed. But, why? Why would a smaller makes heck of lot less than more than their larger-company Here are a possible reasons. Fortune 500 Companies Are Longer the Only Targets For many years, only Fortune 500 companies and government were the main targets for data breaches. IT teams and managed service providers still up coming Those who knew how to prevent hackers were mostly hired to protect large organizations like these. times are a changin’, and smaller companies are as likely to get Particularly, in retail and financial Small Aren’t As of Exposure putting any of small-company folks down, these kind of companies just are not as aware of their exposure as much large companies means that only they with how much they possess, but how much of safe from attackers. Resources are Limited When it to smaller there aren’t as many resources available guard against data breaches. Unlike larger companies, they have a smaller budget or they may be currently preoccupied with getting their business off or managing their customer During these times, small may realize vulnerable they But, that doesn’t necessarily mean they aren’t protecting themselves. When companies less resources to invest in IT, they may just put insurance. why we see claims from small companies. Smaller Have More Incidents You why smaller to hackers have more incidents than larger organization. But, believe it not, the size of lot to do and very little to do it. One thing to note is that don’t really care about the size of your company. If you have information somewhere ne twork, then you can be a target. being said, the fact you are a small company, in general, may mean not up to with larger companies it comes to security. That means can happen, leading a claims. So, where does your company in of this? Smeester & Associates here you with more information on these
 surveyed.

But, why? Why would a smAller compaNy who MakEs a HeCk of A lot Less than a largeR One bE claiming more money than Their LaRGer-cOMpAny coUnterpaRTs?

hERe aRe A fEw pOsSIbLe reaSonS.

FortunE 500 Companies are no longer the OnlY taRgets

For maNy yEars, only FortUne 500 CompanIeS anD GoverNmeNt orgAnizatIOns werE the main tArGEts for DAta breaCHEs. iT teAms and managed servICe PRoviders were stIll an uP aND cOMIng CarEer. Those whO kNew hoW To preveNT hACKErs WEre mostly hireD to protect lARge OrganiZaTioNS like tHese. BUt, TImeS are a changiN’, and Smaller coMpanieS Are just AS likely To get bReaCheD. ParTIcUlArlY, iN RetAIl And FInaNcial secToRs.

small compANIES AreN’t AS AwaRe of THeir Exposure

WIthOut pUTtiNg any Of you SmalL-cOmpanY folks Down, tHeSe kind of companiEs juSt are not aS awArE of ThEir exPOsure aS muCh aS large cOmpanieS Are. thIS MEaNs that not only are thEy UNFaMiliar wiTh how mUCh SeNSitive inFoRmaTion THEy posSess, BUt How much oF that iNFoRmAtion isN’t Safe frOm AttAckErs.

ReSOurcEs are LImited

WhEn it cOMes to smaller coMPanies, there arEN’t AS MaNY resOurCes availablE to gUArd aGainST dAta BReachEs. UnlIkE LaRGer companies, they migHt Have a sMalleR budget or they May be curreNTLY preoccuPied WItH Getting their buSinesS off the groUNd or manaGing tHeir custOmer relatIONs. During TheSe tImeS, a sMALl Company may not REAlizE hOw vulneRabLe they aRe. BUt, tHat DoeSn’T necessarIly mean tHeY aReN’t ProTectiNG themselVeS. WhEn ComPanieS Have leSs resOurcEs To INveSt in IT, tHEy MAY jusT pUt That TowArDs insUranCE. HeNce why wE see more cLaiMS froM sMaLl compaNies.

Overall, SmAlLer OrganizAtIonS Have MORE IncidenTs

You might wonder why a smaLLer orgaNizAtion With Less to offEr hAckers WouLD have mOre incIdentS tHan A LArger ORGaNizAtIon. But, beliEVE it Or not, ThE sizE of your Company has both a lot TO do And very little To dO witH IT. ONe tHInG To nOtE Is tHAT hackers don’t reaLly care aboUt THe Size of your COmpAnY. If you hAve impoRtant INformatIon somewhEre in your Ne
TworK, THen You can be a tArget.

ThaT being saiD, The faCT tHat yoU arE a smalL cOmpAny, in GeneraL, May Mean yOu’re noT qUite up To par WiTh larger Companies when it comes to cYber seCuritY. ThAt means moRe iNCidEnts can haPpen, Thus leadinG to A hiGher cOst OF claiMs.

So, WHeRe dOEs youR comPAny fall in ALl Of tHIS? SMeester & AssoCIATes Is herE to PRovide You wIth more informatioN On these
 surveyed.

But, why? Whywould a sm aller  co mpa ny  who  mak es a heck of a lotless than a larger one  be c la i ming mo re mo ney tha n  t h e irla rg er- co m pa ny co unt erparts ?

Here ar e a  f ew possibler ea sons.

For tun e 500 Compan ies  Are N oLon g er th e O nly T argets 
For m any years ,o nly Fo r tune 50 0 co mpan ies and governmen t  o r ganizations we re the  m a in t arg ets  for databr eache s . IT te a ms a n d m a naged service  providersw ere  still  a n u p  and c oming  c a ree r. Those wh o kn ew how to  preve n t hacke r s weremostly  hi red  top ro te ctla r geo rg ani z ati ons like  t he se. B ut,t i m e s ar e a  cha ngin’ , and smaller  co mpan i esare j ust a s li ke ly to  get b reach ed . Particularly,  inretail an d f in anc ia l sec t ors.
Sma llCompani es Aren ’ t A sA w a re  of Their Exposure 
W i th out putt ing an y  o fy ou small -c omp anyf o lks d own, th ese kind  of co m pa ni es just  a re not  a s a war e oft heir  expos ure as m uch a s  large compani e s are. This m e an s th a t no t o nly are the y un f amil iarw it h h o w muc h sen si t iv e  information they p os sess,but h ow much of th at informa t i o n isn’tsafe fr o m attackers.
Resou rces are L i mited

W hen i t comesto smalle r companie s,the reare n ’ tas many resou r c es a va ilabletoguard a gai nst  da tabr eaches. U nlike la rg er  c om pan ies,t hey migh thav ea s malle r  budge t orthey  m ay becurrent l yp r eocc up ie d wi thge tting  the i r b usiness  off thegro u nd o rma nagingtheir custome rrelations.  D uri ng the s e  times,a small company may not realize  ho w vul nera ble theyare . But,  th a t does n’t ne cessa ri lym e an th e y  a ren ’t  protectin g the mselv es . Wh en comp anies have less re s our ces to invest  in  IT, t he y m a yj ust  p u t t h a t towards insur ance. Henc ew hy  we see mo r e c la ims fro m small  comp a nies.
Overall,Smaller O rg aniz a t ion s Have Mor e Incide nts

Youm ightw on der w hya smal le r o rgani zation wit h les s to o ff er hac kerswo uld have  more incidents than alarger  orga niz ation. Bu t,b eli eve it or  not , the size  of  yo ur co mpa n y has  bot h  a  lo t  to d o an d  very lit t le  to d owith it. On e t hin g tonot e  is th at h ackers don’t real l y care about t he s i z e o f y o ur c om pany. If you h ave  i m p ortant i nf ormation so mewherein yourne
two rk, th en youc a nb e a ta rget .
That bein g s ai d , the f ac tt hat yo u ar ea smal l comp a ny,i n  general, may me an yo u ’ re no t  qu ite u pto parw ithlarger com panies when  it co mesto cy ber sec ur ity. T hat  m eans morei ncidentscan h appen,th us l ead ing to  a h i g her c ostof  cl aims.

So , wh e re  d o esyour  comp an y fa ll in all of this?  Sm e ester &  A sso c i ates i s  h e r e to provi deyou w i t h more inf o rmat i on on th ese
 surveyed.

But,_why? Why_would a smaller company_who makes_a_heck of_a_lot less than_a larger one_be claiming more money_than their larger-company_counterparts?

Here_are a few possible reasons.

Fortune 500 Companies Are No Longer the Only Targets

For many_years,_only Fortune_500_companies_and government organizations were the_main targets for data breaches._IT teams_and managed service providers were still an up_and_coming career. Those_who knew how to prevent hackers were mostly hired_to protect large organizations like these._But, times are_a_changin’,_and smaller companies are_just as likely to get breached._Particularly, in retail and financial sectors.

Small_Companies Aren’t As Aware of Their Exposure

Without_putting any of you small-company folks_down, these kind of companies_just are_not as aware of their_exposure as much_as large_companies are. This_means that not only are they_unfamiliar with how_much sensitive information they possess, but_how_much of that_information_isn’t_safe from_attackers.

Resources are Limited

When_it_comes to_smaller_companies, there aren’t as many resources_available_to guard against data breaches. Unlike larger_companies, they might have_a_smaller budget or they_may be currently preoccupied with_getting their business off the ground_or managing_their customer_relations. During these times, a small company may not realize how_vulnerable they are. But, that doesn’t_necessarily mean they aren’t_protecting themselves._When_companies have less_resources_to invest_in IT, they may just put that_towards insurance._Hence why we see more claims_from small companies.

Overall, Smaller_Organizations_Have More Incidents

You might wonder why_a smaller organization with less to_offer hackers would have more_incidents_than_a larger organization. But, believe_it or not, the size of_your company has_both a lot to do and very_little_to do with it. One thing_to_note is that hackers don’t really_care_about_the size of your company._If you have important information somewhere_in your ne
twork, then you can be a target.

That_being said, the_fact that you are a_small_company,_in general, may mean you’re not quite up to par_with larger_companies when it_comes to cyber security. That means more incidents can happen,_thus leading to a higher cost of_claims.

So, where does your company fall in all of this? Smeester_& Associates is here to provide you with_more information on these