Almost Half of SMBs (and nonprofits [editor's note]) Would Be Shut Down Permanently by a Major Data Breach

posted Mar 17, 2019, 8:18 AM by Nonprofit IT Resources

Forty-eight percent of SMBs say a major data breach would likely shut their business down permanently, according to the results of a recent AppRiver survey of 1,059 cyber security decision makers at SMBs with fewer than 250 employees.

In some sectors, that proportion is even higher. Seventy-one percent of financial services and insurance SMBs said a major breach would be fatal to their businesses, and 62 percent of healthcare SMBs and 60 percent of business consulting SMBs said the same.

As a result, 58 percent of survey respondents said they're more concerned about suffering a major data breach than they are about an office fire, flood or physical break-in.

And they're aware of the most likely sources .... Click here for the complete article and the graphics credit.