Hack attacks on small and medium-sized businesses work most of the time and usually the money isn't recovered, according to a new survey.

A majority of the businesses blame their financial institutions, according to the survey released recently by Guardian Analytics, and many choose to take their business elsewhere afterwards.

The Mountain View, Calif., provider of behavior-based fraud solutions to about  200 clients, about half of them credit unions, commissioned the Ponemon Institute to conduct the study. That firm said it based its results on a survey of nearly 1,000 American business owners and executives.

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