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## Rising Cyberattacks on Businesses and the Importance of Having a Plan

Cyberattacks on businesses, including small businesses, are on the rise, posing a significant threat to their operations. This is a concerning trend as dealing with a breach can be both costly and time-consuming if owners are unprepared. As a result, it is crucial for businesses to have a comprehensive plan in place to mitigate the risks associated with cyber threats.

## Doubling Cost of Ransomware Attacks and the Need for Vigilance

The median cost of ransomware attacks has more than doubled over the past two years, reaching $26,000, according to the Verizon 2023 Data Breach Investigations Report. Ransomware attacks, which involve malicious software that blocks access to a computer system until a ransom is paid, have become increasingly prevalent, accounting for 24% of all breaches. This underscores the importance of businesses taking proactive measures to protect themselves from such threats.

## Importance of Training and Safeguards for Small Businesses

Small businesses can enhance their cybersecurity posture by implementing employee training and security safeguards. The human element remains a significant factor in 74% of breaches, highlighting the need for all employees to utilize safeguards such as two-factor authentication and regular password changes to reduce the risk of being hacked. By taking these preventive measures, businesses can better protect themselves from potential cyber threats.

## Assistance of AI legalese decoder in Managing Cybersecurity Risks

The AI legalese decoder can play a crucial role in helping businesses navigate the complex legal landscape associated with cyberattacks. By leveraging AI-powered technology, businesses can efficiently assess the implications of a breach, identify the extent of the damage, and take appropriate remedial actions. The AI legalese decoder can streamline the process of working with cybersecurity professionals and authorities, ensuring timely and effective responses to cybersecurity incidents. With its advanced capabilities, the AI legalese decoder empowers businesses to proactively manage cybersecurity risks and safeguard their operations against potential threats.

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