November 8, 2024

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The Future of Business, Today

Delaware small business face increasing cyber threats

Delaware small business face increasing cyber threats

Cyber threats are on the rise, with small businesses facing a growing risk of data breaches and financial losses. According to Verizon’s 2024 Data Breach Investigations Report, confirmed attacks doubled from 2022, and the average data breach cost reached $4.88 million in 2024.

U.S. Small Business Administration officials want to proactively address this need nationwide, including SBA Administrator Isabel Casillas Guzman.

“The economy is increasingly digital,” Guzman said recently. “The SBA is readying its powerful network so that America’s 34 million small businesses can continue to grow while also building cyber resilience.”

Delaware small business face increasing cyber threats

The Delaware Small Business Development Center, or SBDC, is now armed with another solution to this problem thanks to the rapid growth of America’s SBDC North Star Cybersecurity Program, which is designed to empower and educate advisors and small-business entrepreneurs with essential cybersecurity skills. As part of that expansion, Delaware’s SBDC will receive a new $350,000 grant from the U.S. Small Business Administration’s Cyber Prize Competition to equip business advisors with cutting-edge knowledge and resources as they guide entrepreneurs toward a more secure future.

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