Tag: smb
Revenue Losses in Small Businesses due to Cyber Attacks Rise to 42% – October 30th
According to a report by the Identity Theft Resource Center, 42% of small businesses lost revenue due to a cyber attack in 2023. Despite the record rise of cyber attacks (73%) and revenue loss in small businesses, 85% of small business leaders claim to be prepared for cyber attacks.
Three-quarters of SMBs hit by serious cyber-attacks
Roughly three-quarters of small-to-medium-sized businesses (SMBs) have experienced a cyber-attack, a breach, or both in the last year. According to non-profit organization the Identity Theft Resource Center (ITRC)’s third annual ITRC Business Impact Report, 73 percent of owners or leaders of SMB’s reported being attacked or breached in the past 12 months, following a slight dip in the previous year.