Cyber attacks pose a significant threat to all businesses, with small businesses being especially valuable. Financially unprepared small firms may suffer significant losses and harm to their reputation, pricing strategy, productivity, staff morale, and other factors in the case of an unforeseen cyberattack. Understanding the potential severity of a cyber attack is crucial for entrepreneurs and small company owners to properly plan their operations. According to the report by the cyber security firm eSentire, the cost of cyber attacks is predicted to reach $10.5 trillion by 2025.
A New York federal district court has denied a motion to dismiss the lawsuit filed in January 2022 by the CFPB against three companies that purchase portfolios of defaulted debts (Corporate Defendants) and three individuals who are owners and/or officers of the Corporate Defendants (Individual Defendants).
After glimmers of optimism in the spring, US consumers’ feelings about the economy remained somewhat upbeat through the summer, as indicated by our ConsumerWise sentiment survey. With this tempered optimism came an increase in consumer spending year-over-year, with a positive change seen across most categories.
IRVINE, Calif., Oct. 6, 2023 /PRNewswire/ -- U.S. consumers received just under 4.3 billion robocalls in September, representing a 15.7% decrease from August's volume and the lowest monthly volume since December 2022.
New data from the Federal Trade Commission shows that scams originating on social media have accounted for $2.7 billion in reported losses since 2021, more than any other contact method.
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