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60% of Hacked Small Businesses Fail. How Reliable Is That Stat?

Legislation to Aid Small Firms to Thwart Cyberattacks Advances in House on May 2. Stat: 60% of small businesses go bankrupt six months after a cyberattack. Stat repeated several times by lawmakers as a House panel debated legislation aimed at helping small businesses battle hackers. National Cyber Security Alliance says it didn’t provide statistics to back up that claim. The bill, if enacted, would direct the National Institute of Standards and Technology to tailor cybersecurity guidance for small businesses based on NIST’s cybersecurity framework.”]

Source: https://www.inforisktoday.com/blogs/60-hacked-small-businesses-fail-how-reliable-that-stat-p-2464

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