Businessman hand holding money banknote for paying the key from hacker for unlock folder got ransomware malware virus computer. Vector illustration technology data privacy and security concept. IT security has to be a priority for businesses of all sizes. Companies should not only understand  how to prevent cyberattacks  like ransomware, but they should also create a  data breach response plan , so the steps to take in the event of a breach are spelled out in a straightforward manner. (Photo: Mister x)

Small and mid-sized businesses account for 90% of companies worldwide, and they employ over 50% of the global population. These businesses play a critical role in the economy, but they can also be prime targets for hackers and cybercriminals. ALM Small Business Adviser Logo. Courtesy photo.Data shows that small to medium-sized businesses were the victims of 71% of ransomware attacks.

These attacks may have occurred because many smaller companies typically spend less on cybersecurity measures than larger corporations, making them easy subjects for hackers.

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