The benefits of implementing a good cybersecurity program are that if they work correctly the business work have to go through and pay for the high amount of cost that they would have had to pay if a cyberattack were to happen. According to an article from Mdsny “The Cost Of Cybersecurity And How To Budget For It” “Recent studies have shown that the average cost of a data breach to Small Business can range from $120,000 to $1.24 million.” They also state that because of the lack of resources, small businesses have to sometimes pay more for cyber repairs than larger businesses and companies. Having good cybersecurity will also give them a good reputation by being the company that does not or has very little cyber attacks. By preventing cyberattacks they are potentially stopping them from affecting the production, website, and their user’s important information. Referring to the same article “about half of all cyberattacks target small businesses and 68% of small businesses have experienced a cyberattack in the last 12 months,” giving these small businesses an even bigger reason to have something in place. Not onyl can small businesses be hit hard, but companies that are in charge of common things like electricity and oil can be devastated by a cyber attack. In 2021, a very big oil company called Colonial Pipeline suffered a ransware attack on 2021, which stopped with the company transporting oil to gas stations. Because of this attack the price of oil had gone through the roof and became a big problem in populated states and cities. In the end Colonial Pipeline ended up paying the attackers 4.4 million dollars. If this was not a ransomware attack and it was something that stopped. From an article from Govtech “Back to Basics: A Deeper Look at the Colonial Pipeline Hack” this was all because of an exposed password with the lack of two-factor or multi-factor authentication. Businesses making sure they have simple procedures like multifactor on can help greatly.