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The cost of cyber crime 

Small and mid-sized enterprises lose billions of dollars each year to cyber-attacks. The average cost of a cyber-attack is $200,000. And a study from the U.S. federal government found that 60 per cent of SMEs go out of business within six months of an attack.

The numbers are shocking: According to US data from IT research firm Symantec, small and mid-sized enterprises lose billions of dollars each year to cyber-attacks. The average cost of a cyber-attack is $200,000. And a study from the U.S. federal government found that 60 per cent of SMEs go out of business within six months of an attack.

 

What’s more, the U.S. Department of Homeland Security says that only 52 per cent of businesses have a cyber-security plan. Forty per cent have no plan for how to respond in the event of an attack. KPMG's Data Loss Barometer 2012 exposes some of the latest trends and statistics for globally lost and stolen information in 2012 as well as a view of trends over the last five years. Over 82 countries are represented in 2012, with over 96 countries represented over the last five years. The report reveals causes of data loss, types of incidents, as well as specific trends by sector.

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