the Fraudian Slip Podcast: Identity Theft Resource Center – 2023 Business Impact Report by ITRC

James E. Lee, Chief Operating Officer of the Identity Theft Resource Center, breaks down the findings in the 2023 Business Impact Report by ITRC

• The Identity Theft Resource Center (ITRC) recently released its annual Business Impact Report. For the report, the ITRC surveyed 551 small business owners, leaders and employees to explore the impacts of cybercrimes on small businesses.
• According to the responses, cybersecurity incidents targeting small businesses reported were a record-high (73 percent) in the three-year history of the BIR. Despite the record number of attacks, 85 percent of respondents said they were ready to respond to a cyber event, up from 70 percent in 2022.
• Also, the financial impacts of cyber breaches continued to drop compared to previous years, with more small businesses reporting losses under $250,000 and fewer reporting higher dollar-value events.
• ITRC Chief Operating Officer James E. Lee sat down and discussed the findings from the 2023 Business Impact Report by ITRC.
• You can learn more about the 2023 Business Impact Report by ITRC and other topics discussed in the podcast by visiting our company website, idtheftcenter.org. You can download the report by clicking on our publications tab.
• If you think you are the victim of an identity crime, call the ITRC toll-free by phone (888.400.5530) or live chat on our webpage to speak with an expert advisor.

Below is a transcript of our webinar and podcast with James E. Lee, Chief Operating Officer of the Identity Theft Resource Center

Welcome to The Fraudian Slip, the Identity Theft Resource Center’s (ITRC) podcast, where we talk about all things identity compromise, crime and fraud that impact people and businesses. Listen on Apple, Google, Spotify, SoundCloud, Audible and Amazon now.

Normally, we would introduce a topic, a guest expert and our CEO, Eva Velasquez. This month, we are doing things a little bit differently. This week, we published our 2023 Business Impact Report by ITRC. It is based on information gathered from small business owners, leaders and employees about the impacts of cybercrimes on small businesses.

ITRC Chief Operating Officer James E. Lee presented the findings from this year’s study in a webinar, which, through the miracles of technology, we have in a link below as this week’s podcast.

WATCH THE WEBINAR

You can download a copy of the ITRC’s 2023 Business Impact Report by ITRC at our website, www.idtheftcenter.org/publications.

Contact the ITRC

If you think you have been the victim of an identity crime or want to avoid becoming a victim, you can speak with an ITRC expert advisor toll-free on the phone (888.400.5530), chat live on the web or send us an email during our normal business hours (6 a.m.-5 p.m. PST Monday-Friday). Just visit www.idtheftcenter.org to get started.

Be sure to join us next week for our sister podcast, the Weekly Breach Breakdown.