“Last year saw a number of high-profile thefts of payment data from major companies and banks, but research shows that smaller firms are hardest hit.
A severe attack typically leaves small and mid-sized companies £65,000-£115,000 out of pocket, according to research by PwC, and the worst-hit firms report up to six security breaches a year. While a bigger business may be equipped to absorb the financial blow, for an SME, costs of this magnitude can quickly spell the end.”
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