Despite believing they were immune, a small law firm in Maryland fell victim to a ransomware attack. Similarly, an accounting firm in the Midwest lost all access to its client information, financial records and tax files. They assumed that antivirus software was all the security they needed to thwart a cyberattack.
In both incidents, the victims coincidently were small businesses and fell prey to sophisticated cyberattacks because of their flawed risk assessment practices.
When it comes to IT risk assessments, business owners have several misconceptions that leave them vulnerable. In this blog, we'll uncover common cyber risk assessment myths and discuss the reality. By the end, we’ll also show you how you can build an effective risk assessment strategy.