--- title: The Hidden Threat of Cyber Risks | Protect Your Business with Bawn description: Discover how cyber risks impact businesses of all sizes and the importance of integrated cybersecurity, insurance, and IT services for comprehensive protection. Contact Bawn for effortless security solutions. image: https://bawn.com/hubfs/shutterstock_487666249%20%281%29.jpg --- [Skip to main content](https://bawn.com/a-new-approach-to-cybersecurity#main) [![Logo Transparency-1 (1)](https://bawn.com/hs-fs/hubfs/Logo%20Transparency-1%20(1).png?width=230&height=66&name=Logo%20Transparency-1%20(1).png)](https://bawn.com?hsLang=en) - Show submenu for Cyber Risk Engineering Cyber Risk Engineering - [What is Cyber Risk Engineering](https://bawn.com/what-is-cyber-risk-engineering) - [Cybersecurity vs Cyber Risk Engineering](https://bawn.com/cybersecurity-vs-cyber-risk-engineering) - [The Bawn Risk Engineering Framework](https://bawn.com/cyber-risk-engineering-framework) - [Cyber Risk Assessment](https://bawn.com/get-your-cyber-risk-score) - [Cyber Liability Exposure](https://bawn.com/understand-liability-exposure) - Show submenu for Services Services - Show submenu for Cyber Risk Services Cyber Risk Services - [Risk Assessment](https://bawn.com/cybersecurity-risk-assessment-service) - [Security Strategy Development](https://bawn.com/cyber-security-strategy-development-services) - [Cyber Risk Mitigation](https://bawn.com/risk-mitigation-services) - [vCISO](https://bawn.com/vciso-virtual-chief-information-security-officer) - [Incident Response Planning](https://bawn.com/incident-response-planning-services) - Show submenu for Managed Services Managed Services - [A Different Kind of MSP](https://bawn.com/bawn-is-a-different-msp) - [Full Service Secure IT](https://bawn.com/msp-services) - [Cyber Warranty](https://bawn.com/cyber-warranty) - Show submenu for Sectors Sectors - [Energy and Utilities](https://bawn.com/energy-and-utilities) - [Manufacturing](https://bawn.com/manufacturing) - [Startups](https://bawn.com/cyber-services-for-startups) - [SMBs](https://bawn.com/smb-cybersecurity) - [Financial Services](https://bawn.com/financial-services-cybersecurity) - [Blog](https://bawn.com/risk-resilience-bawns-guide-to-cybersecurity-and-beyond) Open main navigation Close main navigation - Show submenu for Cyber Risk Engineering Cyber Risk Engineering - Cyber Risk Engineering - [What is Cyber Risk Engineering](https://bawn.com/what-is-cyber-risk-engineering) - [Cybersecurity vs Cyber Risk Engineering](https://bawn.com/cybersecurity-vs-cyber-risk-engineering) - [The Bawn Risk Engineering Framework](https://bawn.com/cyber-risk-engineering-framework) - [Cyber Risk Assessment](https://bawn.com/get-your-cyber-risk-score) - [Cyber Liability Exposure](https://bawn.com/understand-liability-exposure) - Show submenu for Services Services - Services - Show submenu for Cyber Risk Services Cyber Risk Services - Cyber Risk Services - [Risk Assessment](https://bawn.com/cybersecurity-risk-assessment-service) - [Security Strategy Development](https://bawn.com/cyber-security-strategy-development-services) - [Cyber Risk Mitigation](https://bawn.com/risk-mitigation-services) - [vCISO](https://bawn.com/vciso-virtual-chief-information-security-officer) - [Incident Response Planning](https://bawn.com/incident-response-planning-services) - Show submenu for Managed Services Managed Services - Managed Services - [A Different Kind of MSP](https://bawn.com/bawn-is-a-different-msp) - [Full Service Secure IT](https://bawn.com/msp-services) - [Cyber Warranty](https://bawn.com/cyber-warranty) - Show submenu for Sectors Sectors - Sectors - [Energy and Utilities](https://bawn.com/energy-and-utilities) - [Manufacturing](https://bawn.com/manufacturing) - [Startups](https://bawn.com/cyber-services-for-startups) - [SMBs](https://bawn.com/smb-cybersecurity) - [Financial Services](https://bawn.com/financial-services-cybersecurity) - [Blog](https://bawn.com/risk-resilience-bawns-guide-to-cybersecurity-and-beyond) - Search - [Get Started](https://bawn.com/contact-bawn) [Get Started](https://bawn.com/contact-bawn?hsLang=en) Search # The Hidden Threat: How Cyber Risks Affect All Businesses ## The Stark Reality of Cyber Threats In today’s interconnected world, cyber threats are a pervasive and growing danger that affects businesses of all sizes. Whether you run a small startup or a large corporation, the impact of a data breach can be devastating. From financial losses to reputational damage, the consequences of cyber attacks can cripple a business’s ability to operate, and for small companies, it can even threaten their very existence. ## Sobering Statistics     ##### Small Businesses at Risk According to the National Cyber Security Alliance, **60%** of small businesses that experience a cyber attack go out of business within six months.   ##### Rising Costs The average cost of a data breach in 2020 was **$3.86 million**, as reported by IBM. ##### Frequency of Attacks A report by Symantec found that **43%** of cyber attacks target small businesses. ##### Data Breach Impact The Ponemon Institute reports that the average time to identify and contain a data breach is **280 days**, during which time significant damage can occur. ### Anecdotes from the Field ### The Small Business That Almost Didn’t Survive A local bakery, known for its unique recipes and community involvement, was hit by a ransomware attack. All their digital records, including customer orders and financial data, were encrypted. With no cybersecurity measures in place, they were forced to pay the ransom. The financial strain almost caused them to shut their doors permanently ![Frustrated business owner sitting in front of his closed business](https://bawn.com/hs-fs/hubfs/shutterstock_1783889261%20(2).jpg?width=1000&height=666&name=shutterstock_1783889261%20(2).jpg) ![Frustrated businessman holding head](https://bawn.com/hubfs/shutterstock_1896451486%20(4).jpg) ### The Startup Setback A promising tech startup had just launched its innovative app when a data breach compromised their user data. News of the breach spread quickly, eroding customer trust and causing a significant drop in user engagement. The recovery process was long and costly, diverting precious resources away from their core development efforts. ### The Manufacturing Disruption A mid-sized manufacturing company faced a significant disruption when a phishing attack led to the compromise of their internal systems. Critical production schedules and supplier communications were impacted, leading to delayed shipments and lost revenue. The incident revealed the company's lack of preparedness and highlighted the need for robust cybersecurity measures. ![Manufacturing line of orange-colored drinks in plastic bottle](https://bawn.com/hubfs/shutterstock_1104385016.jpg) ### Why Businesses Prefer Not to Worry About Cyber Risk Running a business is challenging enough without the added burden of cybersecurity. Most business owners and managers would prefer to focus on what they do best—growing their business, serving their customers, and innovating in their field. Cybersecurity, while critical, is often seen as a complex and daunting task that requires specialized knowledge and constant vigilance. ### The Desire for a Simple Solution Businesses are looking for a cybersecurity solution that: Works seamlessly without demanding extensive cyber expertise from them. Provides robust protection against a wide range of threats. Allows them to focus on their core operations without constant worry about potential breaches. ### A New Approach: Integrating Cybersecurity and Managed IT Services The traditional approach to cyber risk is no longer sufficient. Businesses need a comprehensive solution that integrates cybersecurity and managed IT services to provide full-spectrum protection. Recognizing that businesses don't have the time or expertise to adequately protect themselves, Bawn brings these components together to simplify protection. ## Bawn: Your Comprehensive Cybersecurity and IT Services Partner At Bawn, we understand the unique challenges that businesses face when it comes to cybersecurity. Our mission is to provide a solution that works effortlessly, allowing you to concentrate on what matters most—your business operations.     ### Our Passionate Approach: #### Effortless Protection Our integrated cybersecurity and IT services solutions are designed to be comprehensive yet straightforward, ensuring your business is protected without the need for in-depth cyber knowledge. #### Proactive Defense We continuously monitor and update your security measures, staying ahead of emerging threats so you don’t have to. #### Customized Solutions We tailor our services to meet the specific needs of your business, ensuring optimal protection and efficiency. #### Focus on Your Core Business With Bawn managing your cybersecurity and IT services, you can focus on growing your business, confident that your digital assets are secure. #### Bawn — Full Service Secure IT Don’t let cyber threats hold your business back. Contact us today to learn how Bawn can provide the cybersecurity and IT solution you need, allowing you to focus on your core business with peace of mind. 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