Cyberattacks Cost Small Businesses, While Prevention Attracts Customers

Consolidated Communications urges small businesses to safeguard themselves and their customers with data privacy protections

MATTOON, Ill.–(BUSINESS WIRE)–Consolidated Communications (NASDAQ: CNSL), a leading broadband and business communications provider, is sharing resources and tips for small businesses to enhance data privacy, as small businesses are proven to be especially vulnerable to costly data breaches.

The Small Business Association reports that small businesses are three times more likely to fall victim to cyberattacks, which an IBM study found to cost U.S. organizations an average of $9.44 million in 2022. Small businesses are more likely victims of attacks, often as a result of a lack of resources and knowledge in regard to prevention measures. While large organizations may have more financial resources, there are ways for all businesses to increase protection over their…

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