Small businesses not invincible to cyber security attacks; 48% suffered data breaches this year

Technology for MSMEs: Importantly, 33 percent of small businesses lack centralized cyber security management while ensuring safety on a specific computer system is the responsibility of each individual employee.

Technology for MSMEs: Even as large enterprises have usually been the victims of data breaches because of the enormity of the customer data they have access to, small and mid-size businesses (SMBs) are also witnessing an incremental increase in such incidents annually. Up from 46 per cent in 2018, 48 per cent SMBs this year have seen instances of a data breach in their businesses, according to a survey report by cyber security firm Kaspersky. While the percentage of large enterprises reporting such breaches has also grown from 50 per cent last year to 53 per cent this year, the rise in micro-enterprises reporting data breach occurrences was highest at 6 percent from 30 per cent to 36 per cent between 2018 and 2019 so far.

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