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Business Credibility: The True Cost of a Data Breach

Cyberattacks on small and medium-sized enterprises (SMEs) are on the rise, with 43% of all cyber threats targeting these businesses. Only 14% of SMEs are prepared for such attacks, and 60% go out of business within 6 months of an attack. Once a company is breached, its reputation is damaged, leading to loss of customers and revenue. To protect themselves, SMEs should invest in strong cybersecurity programs and be transparent with customers about their data protection measures.

Source: www.cyberkendra.com –

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