The threat of outside hackers is not the only reason to implement cybersecurity practices. Thoughtful cybersecurity practices can protect a business’s trade secrets from theft by departing employees and competitors. And while media attention focuses on cybersecurity breaches for large companies, they are not the only targets. A recent survey found that over 50 percent of small and medium-sized businesses had suffered cyberattacks or data breaches in the preceding 12 months. Thus, any business with confidential, valuable information should develop its cybersecurity practices with protection of its trade secrets in mind.
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