This article appeared in Cybersecurity Law & Strategy, an ALM publication for privacy and security professionals, Chief Information Security Officers, Chief Information Officers, Chief Technology Officers, Corporate Counsel, Internet and Tech Practitioners, In-House Counsel. Visit the website to learn more.

It remains readily apparent that cyber risk remains a top concern for businesses of all sizes. The 2017 Verizon Data Breach Investigations Report notes that 61 percent of breaches were against companies with less than 1000 employees. This means that cyber breach is not a just a problem just for the Fortune 500, and any smaller businesses that see it that way are out of touch and likely a sitting duck.