Many smaller companies — especially startups — view cybersecurity as a first world problem that pales in comparison to their immediate concerns for staying business. The reality is, it is a much bigger threat.
Based upon recent reports, cybersecurity is an existential threat to small to midsize companies with roughly 60% of them going out of business within 6 months after a cyber attack.
What do you think, first world problem or existential threat?
Published by Shawn E. Tuma
Shawn Tuma is an attorney who is internationally recognized in cybersecurity, computer fraud and data privacy law, areas in which he has practiced for nearly two decades. He is a Partner at Spencer Fane, LLP where he regularly serves as outside cybersecurity and privacy counsel to a wide range of companies from small to midsized businesses to Fortune 100 enterprises. You can reach Shawn by telephone at 972.324.0317 or email him at stuma@spencerfane.com.
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