More than 50% of the 600 small and mid-sized businesses (SMBs) in North America recently surveyed by the Ponemon Institute have been breached in the last 12 months, according to the institute.

Only 14% of the companies surveyed rated their ability to mitigate cyber attacks as highly effective. Confidence in SMB cybersecurity posture is so low mainly because personnel, budget and technologies aren't sufficient, says the report, which was sponsored by Keeper Security. In addition, IT security priority determination is not centralized to one specific function in a company, therefore reducing accountability and resulting in less-informed decision making.

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