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90%
of Cyber Attacks Target Small Business
$200,000
Average Data Breach Cost for Small Business
60%
of Small Businesses Close After Cyber Incident
Startups are Fast Moving
As a startup, your digital presence is as vital as your groundbreaking ideas. Safeguarding sensitive data, preserving trust, and ensuring business continuity are paramount.
Startups are Vulnerable
Startups stand out as both innovators and vulnerable targets. The very traits that make startups dynamic—agility, innovation, and connectivity—also make them susceptible to cyber threats.
Common Cyber Threats
Understanding Risks to Safeguard Your Startup
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Phishing
Attackers use deceptive emails or messages to trick individuals into revealing sensitive information, such as passwords or financial details.
Insider Threat
Malware
IoT Exploits
Ransomware
Malicious software that encrypts a user's files, demanding payment for their release, posing a severe threat to data security and operational continuity.
Data Breach
Unauthorized access, acquisition, or disclosure of sensitive information, compromising the confidentiality and integrity of an organization's data.
Data Breach Leads to Code Spaces Collapse
2014
Code Spaces, a company that offered source code repository hosting and project management services, fell victim to a severe cyber attack. Intruders managed to breach their Amazon EC2 control panel and backups without authorization, leading to the deletion of crucial data and ultimately causing the company to crumble.
Cryptoexchange Youbit closes after cyber attack
2017
Youbit, which let people buy and sell bitcoins and other virtual currencies, filed for bankruptcy after losing 17% of its assets in the cyber-attack. During the attack, Youbit lost 4,000 bitcoins worth about $73M.
Youbit's insurer decided to refuse payment on the claim for the reason what Dongbu Insurance called “a failure on Youbit’s part to disclose pertinent information before purchasing the insurance policy,”
Wonga suffers long term reputational damage
2017
A UK-based online payday loan provider, Wonga, fell victim to a data breach that compromised the personal information – such as names, addresses, and bank account details – of approximately 245,000 customers. This breach led to both reputational harm and regulatory investigation.
23andMe suffers data breach
2023
Unauthorized individuals gained access to customer accounts through a credential-stuffing attack. Personal genetic information of users has been compromised, potentially including their first and last names, email addresses, birth dates, as well as data stored by 23andMe related to genetic ancestry and history. It has been reported that the hackers specifically sought information on individuals with Ashkenazi Jewish and Chinese heritage.
Trello loses 15 million customer records
2024
The personal information of 15 million Trello users was exposed on the dark web, including email addresses, names, and usernames. This data was accessed by cross-referencing email addresses from past security breaches with a publicly available resource.
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14%
of Small Businesses that have Effective Cyber Risk Programs
70%
of SMBs Lack a Dedicated Cybersecurity Professional
46%
of SMBs Have No Cyber Incident Response Plan