Nearly 74% SMBs suffered a cyber incident in the last year: Cisco study

Cyber-attacks have cost SMBs more than Rs 3.5 cr to Rs 7 cr in the last 12 months

Three in four (74 per cent) SMBs in India suffered a cyber incident in the past year, resulting in 85 per cent of them losing customer information to malicious actors, in addition to a tangible impact on business, said a study carried out by Cisco, titled Cybersecurity for SMBs: Asia Pacific Businesses Prepare for Digital Defense.

The study also reported that more than half (62 per cent) of SMBs in India that suffered cyber incidents in the past 12 months said that cyber-attacks cost their business more than Rs 3.5 crore. Of these, 13 per cent said that the cost