British businesses have paid out more than £878,000 over the last three years due to hackers successfully accessing cardholder data according to figures from Worldpay, the UK’s leader in payment processing.
Small businesses are the worst hit. Of those companies whose customer card data was hacked in 2013, 61% were small companies. Businesses in the electrical, hardware, and automotive industries have had more card data security breaches than any other, followed by pharmaceuticals, cosmetics, and clothing retailers.