The San Diego Union-Tribune reports:
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.
With respect to the number of attacks small businesses experience, the report found:
Not only are they being targeted, but they are being successfully breached, some multiple times a year. Two or three breaches in a 12-month period was the most common pattern. Another 34% had one breach and almost 12% had four or more.
One encouraging shift: The percentage of companies with one or two breaches increased from 2024, while the percentage of companies with more than two breaches dropped. Perhaps companies are improving their cybersecurity protocols after a first or second breach.
Read more about the survey’s findings at GMToday.
