This article was originally published on INC.com
The last two years have seen a significant increase in ransomware attacks. The ones we hear about typically target large corporations or critical infrastructure companies that often have a large impact to daily life and raise the ire of the federal government. And yet, the ransomware attacks that impact small and medium businesses, municipalities, and small healthcare operations are not making the front page. Why? Small businesses alone make up nearly half of the U.S. economy. Worse, we cannot measure the economic impact to date, as many of these attacks go unreported. Payments are made via cryptocurrency and are anonymous. Collectively, the economic importance of U.S.-based small and medium businesses is meaningful to the stability of the economy and U.S. national security. National security? Yes, most of the ransomware attacks are emanating from Russia and Russian-influenced Eastern European countries. The capital that leaves our country via the blockchain is put to use there. Small and medium businesses *are* the critical infrastructure to the U.S. economy.
In a recent article published in Inc Magazine, GroupSense CEO Kurtis Minder writes about the critical importance of protecting America's small businesses. In the article, you will learn:
- GroupSense's background in ransomware negotiation
- The cyber challenges small businesses face
- Steps you can take to reduce cyber risk
Read the full article on Inc.com.