SMBs that disclose breaches face less financial damage

“Businesses that proactively disclose data breaches tend to lose less money from the event, compared to those that try to keep the incident a secret.

This is according to a new report from cybersecurity experts Kaspersky, which polled more than 5,200 IT and cybersecurity practitioners. Kaspersky found that SMBs, but enterprises as well, that voluntarily inform their stakeholders about an incident, are likely to lose 40 percent less than their peers who’d rather keep such things to themselves.” – read more at ITProPortal!