Many budding entrepreneurs and small-business owners believe cyberattacks happen only to big companies with a large customer base and lots of data to steal.
of all cyberattacks1
90%
will experience a phishing scam2
46%
will be hit with some form of virus or malware2
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“They think, ‘My business is small and irrelevant. Who would be interested in me? Who even knows about my business?’”
Although most small businesses can’t afford to hire IT teams or buy the latest suite of network monitoring software,
they can access a critical resource that will help them most: education.
Understanding and implementing cybersecurity best practices, in a simplified, easy-to-digest format, can reduce the risk of attacks and limit their fallout.
That’s why in 2020, as part of a $250 million commitment to help small businesses,3 Mastercard launched the Trust Center,4 a resource where entrepreneurs can learn the basics of cybersecurity at no cost.
To fraudsters, all customer information is valuable,
Because small businesses tend not to have extensive cybersecurity infrastructure, criminals can typically access their data faster — and dig around longer without being noticed. Even when small businesses detect a breach, they might not know how to shut out the hackers, stop the loss and corruption of customer data or just protect their business.
The effects can be devastating: The average cost of a cyberattack can range from $120,000 to $1.24 million per strike.5
Then there’s the reputational damage. For local retailers and services, relationships are built on personal connections and loyalty. When a customer’s data is stolen, that trust disintegrates — and might never come back.
Fortunately, owners and employees can take some simple steps to protect customers’ data
The Trust Center has a curriculum customized to help small businesses take their defenses to the next level.
To reach entrepreneurs around the world, Mastercard partners with companies, nonprofit organizations and governments that serve small businesses.
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They‘re victims
of nearly
The Mastercard Trust Center:
Gina Ganahl
Increasingly, small businesses — which include everything from veterinary offices and hair salons to companies that employ up to 500 people — are an attractive and growing target for fraudsters.