45% of SMBs Had Hack in Past Year: USTelecom, CyberRx

Roughly 75% of small and medium-sized businesses have experienced a cyber breach at least once, and 45% were hacked in the past year, reported USTelecom and CyberRx Thursday. SMBs took an average of five months to fully recover and spent $170,000 to resolve each cyber breach. About six in 10 report breaches that stopped daily productivity; 46% reported lost customers. "SolarWinds and the recent attack at a water plant in Florida demonstrate that companies need to immediately take stock of their cyber defenses -- and get ready" (see 2103040066), said Robert Mayer, USTelecom senior vice president-cybersecurity and innovation.