Nextgov wrote: "It’s the kind of figure that can make your jaw drop, the kind that forces lawmakers and public officials to get off their duffs and do something, that drives home the way cyber insecurity is ravaging small business people across the nation.
"The statistic, typically attributed to the National Cyber Security Alliance, is that 60 percent of small businesses that suffer a cyberattack will go out of business within six months. But it’s completely erroneous, not based on any existing study, according to an exhaustive Nextgov search.
"In each case, the figure was attributed, at best, to a now-removed NCSA infographic that included the statistic credited to the antivirus firm Symantec but did not link to any study.
To be clear, there is no public study that has determined how many small businesses are forced to shut their doors following a cyberattack. In fact, there is very little information about the economic impact of data breaches and other cyber incidents on small businesses generally." Full article here:
