The most dangerous IT security myth faced by SMBs is that ‘it will never happen to us’. Hard facts from the UK’s Government Security Breaches Survey prove the opposite, with 74 per cent of small business struggling every year with the consequences of a security incident.
On average, a single cybersecurity incident now costs large businesses $861,000, while small and medium businesses (SMB) end up paying $86,500. Most alarmingly, the cost of recovery significantly increases depending on the time of discovery.
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