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Cyberattacks now cost small companies $200,000 on average, putting many out of business

Posted by ideaBOX News on Oct 16, 2019, 6:34:31 PM
  • Forty-three percent of cyberattacks are aimed at small businesses, but only 14% are prepared to defend themselves, according to Accenture.
  • These incidents now cost small businesses $200,000 on average, reveals insurance carrier Hiscox, with 60% of them going out of business within six months of being victimized.
  • More than half of all small businesses suffered a breach within the last year.
  • Today it’s critical for small businesses to adopt strategies for fighting cyberthreats.

Topics: Insider