How much does a data breach cost a small business?
Legal Compliance advice
Maurice Watts
Last Update a month ago
We advise you seek Professional guidance
How much does a data breach cost a small business?
Have you a protection Budget ?
According to IBM's 2023 Cost of a Data Breach Report, the average impact of a data breach on organisations is £3.31 million:
The average cost per breached record is £164.17 Jan 2024
Legal Compliance Pack for all Maltix Business systems
Maltix client data experiences:
Data Retention Request is a pre requisite for our clients
Pre launch Registrations
PhoneSite registration
CRM automation
Newsletter distribution
Un-subscription protocol
Shops
Subscription Shops
DocuSign integration
Likert surveys
Smart Form Page integrations
Whats App dialogue
Social Media funnels
Further ICO sources:
1. Government sources: like HM Revenue & Customs (HMRC) can also contribute data on small businesses' tax filings and compliance.
2. Surveys and research:
3. Financial institutions: Banks and other financial institutions
4. Trade associations and chambers of commerce:
5. Online platforms and directories:
7. Market research & Likert surveys
8. Business directories
9. Local councils and local authorities:
10. Data aggregators and data brokers:
11. Business networking platforms:12. Business accelerators
13. Local business associations and trade shows: Small businesses frequently participate in local business associations and trade shows.
14. Crowdfunding platforms:
15. B2B data providers:
16. Credit reference agencies:
17. Business intelligence platforms:
18. Academic research:
19.Data partnerships and collaborations:
20.Cyber Attacks
NEW* Cyber Security resilience LAW linked below