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The “Achilles heel” of the US economy for which billions of dollars are lost

  • Nathalie Jimenez
  • BBC Business Reporter

A man with a computer wearing a hood.

image source, Getty Images

Caption,

Cyberattacks against small businesses increased between 2020 and 2021.

When Elana Graham started selling cybersecurity software to small businesses five years ago, business was relatively slow.

Now demand is booming, fueled by a rapid expansion of remote work that has left these companies vulnerable to attack.

Graham says that the turnover of his company has tripled since the beginning of the year, reaching an all-time high.

“It was total denial. ‘It’s not going to happen to me. We’re too small.’ That was the message I was overwhelmingly hearing five years ago,” says Graham, co-founder of Canada-based CYDEF. “But yeah, it’s happening,” she says.

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