Meaning ● Economic Impact of Cybercrime, within the landscape of Small and Medium-sized Businesses (SMBs), refers to the detrimental financial consequences stemming from cyberattacks, including data breaches, ransomware, and fraud. The automation initiatives and digital tools implemented for SMB growth become vulnerabilities, significantly increasing exposure. ● For SMBs, these costs encompass not only direct financial losses, such as ransom payments or fraud-related expenses, but also substantial indirect costs.
