Cybercrime includes data loss and deletion, stolen money, productivity losses, personal and financial data theft, bribery, fraud, and post-attack interruption to normal business operations. Almost 10,000 small businesses suffer cyber attacks in the UK on daily basis. A minimum of 21,200 cybercrime reports came from private limited enterprises, 4,800 from public companies, and over 1,400 from business owners. Impact of Cybercrime attacks on Businesses · Cybercrime costs SMBs four times more per capita than large companies. · Fifty per cent of SMBs are the victims of a cyber assault, and more than 60 per cent went out of business. · Banks are not held accountable for improper payments under the UCC if the security technique is a commercially acceptable manner of providing security. Small companies that are the victims of b...
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