the Ponemon Institute reports that 60% of small companies are unable to rally their businesses six months after a cyber attack. The average price for small businesses to rectify the damage of a cyber attack stands at $690,000, according to The US National Cyber Security Alliance, with middle market companies paying over $1m. SMEs suffer 62% of all cyber attacks, numbering about 4,000 per day says IBM. Cyber criminals focus on the sector as it is easier to exploit to steal bank account details, access customers’ personal information, file for fraudulent tax refunds and commit healthcare fraud.
The US National Cyber Security Alliance reports that 60% of small companies are unable to rally their businesses six months after a cyber attack. The average price for small businesses to rectify the damage of a cyber attack stands at $690,000, according to the Ponemon Institute, with middle market companies paying over $1m. SMEs suffer 62% of all cyber attacks, numbering about 4,000 per day says IBM. Cyber criminals focus on the sector as it is easier to exploit to steal bank account details, access customers’ personal information, file for fraudulent tax refunds and commit healthcare fraud.