SMBs Combat Surge in Cybersecurity Threats

Posted under: MSME
Date: 2024-01-24
SMBs Combat Surge in Cybersecurity Threats

A survey by McAfee and Dell Technologies found that 44% of small businesses have experienced at least one digital attack, with 17% suffering two or more. The majority of these incidents occurred within the last two years, indicating a surge in cybersecurity threats. Small businesses that lost more than $10,000 from a cybersecurity incident accounted for 61% of all victims, while 58% claimed their organizations lost over a week of productivity in dealing with the event. These losses are devastating for entrepreneurs, many of whom struggle to make ends meet and lack experience in handling data breaches. Despite being more susceptible to digital attacks, many entrepreneurs are aware of the risks they face and take appropriate steps to protect their companies and data. Nearly half of small business owners surveyed by McAfee reported dedicating a minimum of seven hours per week to I.T.-related matters.

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