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Editorial Note: Due to a reporting error, a statistic was inproperly attributed in an earlier version of this article. Cybersecurity Ventures has predicted that cybercrime costs will reach $6 trillion annually by 2021, not Ernst & Young, as was previously reported.

During a July 26, 2017 hearing before the U.S. House of Representatives Small Business Committee, Chairman Rep. Steve Chabot (R-Oh.) stated that cyber threats have become a critical concern for the country’s 28 million small businesses, with the Justice Department recording nearly 300,000 cybersecurity complaints in 2016 alone.

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Elana Ashanti Jefferson

Executive Editor Elana Ashanti Jefferson is a veteran journalist and communications professional. She can be reached by sending email to [email protected]

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