12 August      George G.

DDoS Protection - A Must-Have Feature for Small Businesses

According to cybersecurity statistics, 43% of cyber-attacks target small businesses. The same statistics show that cybercrime costs SMEs more than $2.2 million a year.

Unlike large enterprises, most small entities don’t have resources to handle these attacks. In fact, 60 percent of small businesses fold within six months of a cyberattack.

Since COVID-19, the FBI reported a 300% increase in reported cybercrimes as hackers leveraged the opportunity to attack vulnerable networks.

Distributed denial-of-service (DDoS) attack

A distributed denial-of-service (DDoS) attack is a malicious attempt to disrupt web traffic of a targeted server by overwhelming the target with a flood of online traffic.

It’s one of the common cyber threats that many small businesses face. Global estimates of the total number of DDoS attacks are anticipated to reach 14.5 million by 2022.

DDoS Protection—A Must-Have Feature for Small Businesses

Financial costs

A DDoS attack can result in significant financial damage to small businesses. It can result in failed sales transactions that directly occur in loss of sale revenue.

Moreover, failed online banking transactions due to DDoS attacks can also lead to penalties and discourage customers from making payments online, which will affect future sales revenues.

Your business will potentially need to pay a substantial amount of financial costs to recover from a DDoS attack, which can affect the bottom line of your company.

Modern consumers are more demanding than ever

Your business is competing with thousands of companies online. The online market place offers consumers plenty of choices, which has made them more demanding than ever.

They expect easy and trouble-free access to your offerings at all times. An unexpected downtime, especially at peak hours, can cost you a lot of business.

Therefore, DDoS protection is crucial to keep your website up and running, which allows you to prevent losing visitors on your website.

A negative image of the brand

A DDoS attack can result in negative publicity that may dissuade existing and potential customers from buying products or services on your website.

This malicious attack can make customers feel unsafe to share their confidential information and bank account details on your website, which will affect your online sales.

The reputational damage will not only result in lost sales but also add to those costs to restore the customer’s confidence.

Final words

While DDoS attacks don’t steal online information, it can significantly disrupt your business operations, which can lead to financial and reputational damage.

Therefore, you should buy a web hosting solution that comes with DDoS protection to ensure your websites remains protected from these malicious attacks.

JoivHost is one of the leading web hosting companies that offer high-performance hosting plans at affordable rates. Whether you’re looking for cheap VPS servers or high-performance dedicated servers hosting, you’ve come to the right place. In addition to fast load times and 99.999% uptime, our hosting plans come with DDoS protection to keep your website protected from cyberattacks.
Call 1 (855) 225 5885 to get started!