Cybersecurity Dive November 5, 2024
Cyber woes for SMBs are exacerbated by a lack of resources to enact advanced security measures, Microsoft Security said in a report.
Dive Brief:
- One-third of small- to medium-sized businesses were hit by a cyberattack in the past year, Microsoft Security said Thursday in a report conducted by research firm Bredin.
- The average total cost of a cyberattack on SMBs was nearly $255,000, but some incidents cost as much as $7 million, the report found. The highest average costs were attributed to investigation and recovery, and the reputational impact on a SMB in the wake of an attack.
- “Despite this, many SMBs still hold misconceptions that increase their risk and vulnerability. Some believe they are too small to be...
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