A Small Business With No Working Website, Felled by a Cyberattack - Th...

    A Small Business With No Working Website, Felled by a Cyberattack  The Wall Street Journal

    Small businesses are increasingly battling costly cyberattacks. Sometimes the pain is enough to put them out of business. In January, cyber thieves ran roughly 100,000 stolen card numbers through the payment system of Innovative Higher Ed Consulting Inc., a two-person startup in New York. Soon after, Bank of America Merchant Services, the startup’s payment processor, sent a $27,000 bill for reversing the charges. “We had alerted the bank that there was fraudulent activity,” said IHEC co-founder Jessie Daniels, a sociology professor who started the company as a sideline. “Instead of saying, …

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