Some 30% of consumers surveyed said they would never again use a small business that suffered a data breach, according to a new report from Bank of America Merchant Services.
Data breaches can affect any type of business – large, medium, and small. Larger enterprises usually have the money, resources, expertise, and customer base to help them recover from a breach. But smaller companies often face greater challenges recovering from breaches, both financially and in terms of customer loyalty. A report released by Bank of America Merchant Services highlights some of the problems that data breaches create for small businesses and how SMBs are dealing with related issues such as payment methods.