Risk Management

...starts with
understanding your risks.

Are small businesses really at risk?

43%

% of all data breaches involve small and medium-sized businesses

Small businesses reporting at least one breach in the last year

61%

Bottom Line

Small businesses are at risk and the threat grows every year. Attackers know small businesses do not have significant security resources. Optimum can be that resource for your business.

Is my business prepared?

14%

Small businesses that consider their cyber defense and risk mitigation effective

43%

Small businesses that do not have a cybersecurity plan in place

83%

Small and medium-sized businesses not financially prepared to recover

91%

% of small businesses that have not purchased cyber insurance

Bottom Line

Small businesses are not prepared. Optimum can provide the leadership your business needs to make the right investments to be protected and prepared.

I have insurance so I'm covered...right?

Policy Requirements

You have a policy which is good. But do you know what you have to do to be compliant so you get reimbursed for losses?

Increased Premiums

Premiums have increased ~25% year over year and that trend is expected to continue. Showing your security posture is solid can decrease premiums.

Decreased Coverage

Insurance companies are in the business to make money. Due to increase in cyber claims, while premiums are going up…coverage is going down.

Bottom Line

The cost and requirements of insurance is increasing. Optimum can help you reduce premiums and make sure you can take advantage of the insurance benefit when you need it most.

I use a 3rd party for IT, so this is their problem...

Breaches via 3rd parties, on average, result in higher costs to remediate

Even if breach is via 3rd party, consequences for your business are still the same

As the data owner, you are still liable for any privacy violations

Due diligence to ensure 3rd party security is adequate is always your responsibility

Bottom Line

While 3rd parties can provide valuable skills to your business, they do not guarantee security or replace the responsibility for ensuring good security. Optimum can help you do the appropriate evaluation of your 3rd parties to ensure their security posture is appropriate.

Even if I suffer an incident, what would I lose?

60%

Small businesses fail within 6 months of cyber attack

Average cost of cyber attack in 2022

Brand and reputation damage

Legal and liability

Bottom Line

The cost to recover from an attack is exponentially more than proactively investing in cybersecurity services. Optimum can help you make the most of your investment and avoid being another statistic.