Three out of four (74 per cent) small and medium-sized businesses (SMBs) in India suffered a cyber incident in the past year, resulting in 85 per cent losing customer information to malicious actors, in addition to a tangible impact on business, a new study by Cisco revealed on Monday.

According to the study, titled 'Cybersecurity for SMBs: Asia Pacific Businesses Prepare for Digital Defense', more than half (62 per cent) of SMBs in India that suffered cyber incidents in the past 12 months said that cyber-attacks cost their business more than Rs 3.5 crore. Of these, 13 per cent say that the cost was over Rs 7 crore.