Michelle Lopilato

Cyber Risk Lessons for Boards and Officers

Large enterprises like Equifax, Target, Sony and Home Depot may have grabbed headlines for cyber attacks, but small to mid-size businesses are the most exposed and the easiest prey. That’s because small businesses have fewer resources and may falsely believe that hackers only target large organizations. Last year, small organizations accounted for 85% of data breach claims, and breaches of less than 10,000 records cost on average $4.66 million.