The $131 Billion Cybercrime Problem That’s Draining Small Businesses

New survey data shows nearly two-thirds of small companies were victims to online criminals last year.

BY BRUCE CRUMLEY @BRUCEC_INC

Illustration: Getty Images

When a big healthcare company, financial organization, retailer, or social media platform falls prey to cybercrime, it generates headlines for days on end. By contrast, small businesses targeted by digital thieves mostly suffer in anonymity, despite a whopping two-thirds of U.S. entrepreneurs reporting they’ve been victims of online fraud.

Widespread assumptions that cybercriminals only bother targeting the........

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