"How Data Breaches Are Hurting Small Businesses"

Bank of America Merchant Services released a report, which discusses how data breaches impact small businesses and how SMBs handle problems related to such incidents. A survey of consumers and small businesses found that 21 percent of SMBs experienced a data breach within the last 24 months, up from 17 percent two years ago. In addition, 30 percent of consumers stated that they would not return to a small business again if the business experienced a data breach. The top three methods used by SMBs to protect themselves from data breaches include updating point-of-sale (POS) equipment, implementing industry security standards, and training employees. This article continues to discuss key findings of the survey in relation to how small businesses are affected by data breaches and the various methods of protection used by SMBs. 

TechRepublic reports "How Data Breaches Are Hurting Small Businesses"