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According to the cybersecurity firm, to avoid these consequences, small companies need to be better prepared for data breaches.
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36% of smaller firms witnessed data breaches in 2019 globally
By www.m.economictimes.com, 25 Sep. 2019

Small companies suffer from data breaches and the number of those affected is growing year on year and most significantly, faster than in any other sector.

 

Around 36 percent of small businesses have been victims of data breaches in 2019 globally, a new survey said on Wednesday.



While data breaches threaten small companies with painful consequences, the survey by cybersecurity firm Kaspersky revealed that security measures taken by them to prevent such incidents are often insufficient.



"Smaller companies are often focused on how to make their business work and grow -- just like they should be. They may not have cybersecurity among their top priorities. However, the cost of overlooking the problem will only grow. Why? Because malware doesn't distinguish between its victims and because even very small organisations have something to lose, such as sensitive data," Andrey Dankevich, Solution Business Lead, Kaspersky, said in a statement.


Small companies suffer from data breaches and the number of those affected is growing year on year and most significantly, faster than in any other sector.



Though the share of those who fell victim to data breaches is higher among SMBs (46 percent) and enterprises (53 percent), in smaller companies it has climbed six percentage points -- from 30 percent in 2018 to 36 percent this year.



"The good news is that to be able to protect themselves both from malware and human factor risks, these smaller companies don't need to invest much or hire advanced specialists. It is only a matter of choosing the right security product," added Dankevich.



According to the cybersecurity firm, to avoid these consequences, small companies need to be better prepared for data breaches.