Nearly half fell victim to a cyber breach last year

Despite improving preparedness, US small businesses are still highly vulnerable to cyber incidents. A new report shows that while the segment paid less to respond to a cyber incident last year, this was offset by increased attacks and breaches.

In its annual cyber readiness report, Hiscox revealed the median cost of cyber-attacks decreased for small businesses in the US from $10,000 in 2022 to $8,300 in 2023. At the same time

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