Mark Greisiger, President of NetDiligence, provided crucial commentary on the study's findings. "It is genuinely eye-opening to witness the profound financial ramifications of cyberattacks on SMEs. This year’s report reveals over 500 cyber claims from SMEs that exceeded $500,000 in total costs, with business interruption alone averaging $370,000." Greisiger went on to emphasize the actionable implications of the study: "These trends underscore the urgent need for organizations of all sizes to proactively establish comprehensive incident response plans and other baseline security measures to mitigate both the financial and operational repercussions of data breaches and cyberattacks."

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