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Ten Percent of Small Businesses Breached in 2019 Shut Down

Numbers that I have seen before provide statistics that I find hard to believe, but stats from a survey conducted on behalf of the National Cyber Security Alliance seem  believable.  The stats include:

  • 88% consider themselves a somewhat likely target for attacks
  • 46% think they are a very likely target
  • 46% say they are very prepared to respond to an attack
  • 58% have a response plan they could put into action quickly
  • 33% say they could run their businesses without computers – which means that two thirds would have to stop conducting business
  • Nearly 30% admitted that they had an official security breach (I assume this means one that was reported to the authorities) in the last year
  • 69% of the breach victims were knocked offline for a while
  • 37% of the breach victims suffered financial loss
  • 25% filed for bankruptcy (that is a large number)
  • and 10% went out of business

A couple of thoughts –

How do you stack up in answers to those questions?

I don’t believe that 58% really have a response plan that they could put into effect quickly.  Maybe.  I Doubt it.

That 25% had to file for bankruptcy protect and 10% went out of business after a breach is a bit sobering.

The message is no one is immune and now is the time to get ready.

Source: Dark Reading