""When we think about risk, it really is all businesses," Velasquez said. From mom and pops to large companies, "They're all attractive to hackers." Small businesses sometimes don't pay enough attention to cybersecurity "because they think they're not vulnerable. They think, 'Well, why would anybody target me?'" Not only are they being targeted, but they are being successfully breached, some multiple times a year."
"One more reason things cost more today: cybercrime. A survey by the Identity Theft Resource Center, a San Diego-based education and victim resource nonprofit, found that 38% of small businesses hit by a cyberscam or breach in the previous 12 months passed those losses to customers by raising prices. Another key finding: Cybercrime against small businesses is increasingly fueled by artificial intelligence."
Cybercrime is contributing to higher consumer prices as 38% of affected small businesses passed breach-related losses to customers by raising prices. Attacks against small businesses are increasingly powered by artificial intelligence, increasing scalability and success. Risk spans all sizes of businesses, from mom-and-pop shops to large companies, because all are attractive to hackers. Small businesses often underestimate vulnerability and underinvest in cybersecurity, thinking they will not be targeted. Breaches are common and often repeat: two or three breaches in a 12-month period was most common, 34% experienced one breach, and almost 12% experienced four or more.
Read at DataBreaches.Net
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