People are aware that the impact of data breach will be more severe for big company like Facebook and Target, but it could be more serious for small company because it could cause the bankruptcy in the end. This article shows the results of a survey of 1,008 small businesses with up to 500 employees to prove it. This survey found that 10 percent of the business went out of business, and 25 percent of them had to file for bankruptcy and 37 percent experienced a financial loss after suffering a data breach. 44 percent of these victims were from larger firms of 251-500 people, while 11 percent were companies with 10 or fewer workers. Even though these company has less probability to be the target of hackers and the scale of the organization determines the amount of losses it can suffer, the problem will become more severe for the organization itself based on poor cyber security policy.
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