Large breaches like those at Target and Home Depot make headlines, however most breaches involve much smaller businesses. According to Visa more than 90% of all breaches occur with level 4 merchants. In other words not at the national chains but at Small to Midsized Businesses.
The cost of a data breach can easily be $25,000, $50,000 and More. Amounts that could put an SMB out of business! Costs include (but not limited to) items such as: Mandatory forensics examinations, Card replacement costs, Compliance fines, Incident Response Services and Fines based on the actual fraud use of the cards.
It is estimated tin 2016 a data breach could cost a business as much as $300 per record. If 5 card accounts are exposed that’s $1,500 in fines and fees. If 35 card accounts are exposed that’s over $10,000 in fines and fees. What if 50 or more card accounts are exposed?
Don’t leave your business exposed,
Get Data Breach Protection now.