Data breaches hitting massive entities like Equifax, Facebook and Target grab headlines, but the impact on small businesses is just as severe with attacks causing bankruptcy or even forcing a firm to shutter its doors. A report issued by the National Cyber Security Alliance, based on a Zogby Analytics survey of 1,008 small businesses with up to 500 employees, found that after suffering a data breach 10 percent went out of business, 25 percent had to file for bankruptcy and 37 percent experienced a financial loss.
Source: SC Magazine
