09 Nov Ransomware Defense for Small And Medium-Sized Businesses (SMBs): Plan Ahead
Posted at 08:50h
in Blogs
by Taylor Fox
This week in cybersecurity from the editors at Cybercrime Magazine
Sausalito, Calif. – Nov. 9, 2026
–Read the Full Story in J.S. Held
According to Cybersecurity Ventures, ransomware damages are expected to reach $74 billion USD in 2026 and surpass $275 billion USD globally by 2031.
In many cases, the largest losses are driven by operational disruption rather than the ransom itself. Cyberattacks can halt production, disrupt supply chains, disable critical systems, and cause substantial business interruption and additional expense losses.
In addition to the ransom, the costs of a cybersecurity attack include lost revenue from customers and new leads, as well as from being offline. The company may face extraordinary costs by hiring expert IT consultants to assess the damage and remedy the IT infrastructure. Even a modest, 10-employee business could experience a six-figure ransom demand.
While high-profile cyberattacks are headline news, most ransomware attacks hit small, private companies, according to J.S. Held, a global consulting firm providing specialized technical, scientific, financial, and advisory services.
AI is making ransomware faster and more dangerous by helping attackers break into systems, launch attacks quickly, evade detection, create convincing phishing messages, clone executive voices, and identify valuable data to steal or leak.
What’s a small-to-midsized business to do? Planning before disruption occurs can reduce costs, shorten downtime, and, in some cases, determine whether the business survives a crisis.
Read the Full Story
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