New research from the Identity Theft Resource Center (ITRC) has claimed American businesses are facing more cybersecurity events and attacks than ever before.
The report highlights a rise in the number of US small enterprises, defined as those with fewer than 500 workers, experiencing a data or security breach in the past year. Last year, four in five (81%) fell victim, up from fewer than three-quarters (73%) the year before.
ITRC also noted financial losses from these breaches have skyrocketed, revealing the importance of establishing a stronger security posture.
On average, affected businesses in the small enterprise category are now dealing with losses of more than $500,000, which ITRC says is double what had been reported last year.
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