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We live in a time when digital technology has become more fully ingrained in our society than ever before. Ecommerce was already experiencing significant growth prior to the global crisis, with the U.S. Department of Commerce reporting 14.9 percent sector growth in 2019.
In addition to ecommerce, technology such as cloud operations, automated tools for managing day-to-day tasks and remote work solutions have become increasingly important for businesses.
However, it’s important to keep in mind that while all of these advancements can improve efficiency and help your bottom line, they also increase your risk for a cybersecurity attack. If you aren’t prepared, the results can be devastating — in fact, the Committee on Small Business estimates that 60 percent of small to medium-sized businesses go out of business within six months of a successful cyberattack.