Could Your Business Survive a $4.88M Cyberattack?
Let’s rewind to last fall.
A Portland architecture firm, 18 employees, had their network quietly breached. Nothing looked suspicious… until payroll didn’t go through. Then client files vanished. Then came the ransom demand.
Final damage: nearly $230,000 in lost revenue, client churn, recovery costs, and reputational blowback. And they didn’t pay the ransom.
👉 https://www.ibm.com/reports/data-breach
According to IBM’s 2024 Cost of a Data Breach Report, the average cost of a data breach this year is $4.88 million. That includes downtime, lost customers, legal fees, ransom payments, and the long-term hit to your reputation. Still think cyberattacks are only a big-business problem?
That’s why 10D Tech equips local businesses with smart tools like EDR, including one client who avoided a potential six-figure ransomware demand last year thanks to real-time alerts and automatic threat containment that detect threats traditional antivirus misses and help you stay compliant with cyber insurance requirements.
The Threat Has Shifted: Small Businesses Are the Easiest Targets
Cybercriminals love businesses with less than 250 staff because:
- You have valuable data
- You have smaller budgets
- You’re more likely to pay if they lock you out
Even worse? They’re not just smashing through firewalls anymore. Today’s attacks are surgical, disguised as ordinary logins, email attachments, or a “quick update” that ends in disaster.
What’s EDR and Why You Need It Yesterday
Let’s keep it simple: EDR (Endpoint Detection and Response) is a smarter, always-on security tool that spots and shuts down suspicious activity before it spreads.
Here’s how it works:
- Antivirus sees viruses. EDR sees behavior.
- It watches every login, file change, and process running on your systems.
- If something’s off, like a remote login from Brazil or a sudden file encryption spree … EDR cuts it off immediately.
Think of it like having a digital bodyguard at every workstation.
Cyber Insurance Is Starting to Require It
Yep! Just like having sprinklers in a building, some cyber insurance policies now demand EDR or they won’t cover your claim. If you’re relying on basic antivirus, you may be out of compliance without knowing it.
Don’t Wait to Learn the Hard Way
Portland businesses can’t afford a $4.88 million “oops.” Most can’t afford even a fraction of that.
Let 10D Tech give you a Closer Look at your current setup. We’ll walk you through:
- What EDR is doing behind the scenes
- Where your vulnerabilities are hiding
- Whether you’re in line with cyber insurance requirements
🛡️ No jargon. No scare tactics. Just a clear action plan.
About 10D Tech
10D Tech provides managed IT and cybersecurity solutions to small and midsized businesses across Oregon. We deliver proactive, practical protections, from EDR to secure AI use to phishing training, with local support and no confusing jargon.
👉 Book your 15-minute cybersecurity assessment and let’s take a Closer Look at how to keep your business safe. https://www.10dtech.com/15min-assessment
