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11/04/2024
More and more small businesses are being hit with security attacks — but they're fighting back
MSN
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.
SMB attacks
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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