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How a Data Breach Could Sink an SME

Sourced from CSO. When it comes to reporting on cybercrime, we tend to only come across stories impacting major companies or industries. Apart from the obvious reputational damage, we don’t really grasp the consequences of something like a data breach on a company and its customers. There are no headline articles about the troubles that emerge in the wake of a data breach, some of which literally grind small and medium enterprises (SMEs) into the ground. The media focuses on corporate giants as the only victims of cybercrime and lulls us into a false reality where data breaches seem to happen mostly to corporate behemoths but not the small or medium size business owners. Cybercriminals, who are often well-organised and well-resourced, launch constant attacks on data targets, probing for th...