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In building a sellable business, you need to “protect the value of your business” and continually manage areas like the one we’re going to talk about today, cyber security. We’ve discussed the topic here before, and will continue to in the future because it’s so important, and October happens to be Cyber Awareness Month which is another good reason to talk about it today.
Listen to these statistics gathered from numerous sources regarding Cyber risk:
1. 43% of cyber-attacks target small businesses.
2. 60% of small businesses that are victims of a cyber attack go out of business within six months.
3. 66% of small businesses are concerned or extremely concerned about cyber security risk.
4. 47% of small businesses say they have no understanding of how to protect themselves against cyber attacks.
So, our topic today is Protecting Value Through Cyber Risk Management, and our goals today would be to raise awareness of the risks and provide some actions you can take to mitigate the risk. Our guest is Melissa Musser of GRF CPAs and Advisors.
Melissa is a principal at GRF CPAs & Advisors with over 15 years of professional experience. Her expertise includes establishing, maintaining and optimizing internal controls, compliance, Enterprise Risk Management (ERM), and cybersecurity programs. She is also the proud recipient of the 2018 AICPA Information Management and Technology Assurance (IMTA) Standing Ovation award.
