🧨 1. Nearly Half of All Cyberattacks Target Small Businesses
43% of cyberattacks are aimed at small businesses — but only 14% are prepared to defend themselves.
Source: Verizon Data Breach Investigations Report, 2023
💸 2. The Average Cost of a Data Breach for a Small Business is $2.98 Million
For small and mid-sized businesses (SMBs), the average cost of a data breach is nearly $3 million — including downtime, lost business, and recovery.
Source: IBM Cost of a Data Breach Report, 2023
⏳ 3. 60% of Small Businesses Shut Down Within 6 Months of a Cyberattack
A devastating attack doesn’t just hurt your systems — it can end your business. 60% of SMBs go out of business within six months of a cyber incident.
Source: U.S. National Cybersecurity Alliance
🔍 4. Only 26% of Small Businesses Have a Cybersecurity Policy in Place
Most small businesses are underprepared: fewer than 3 in 10 have documented IT security plans or incident response strategies.
Source: Hiscox Cyber Readiness Report, 2023
🧑💻 5. Phishing and Ransomware are the Most Common Threats
Over 90% of cyberattacks on small businesses start with phishing emails.
Ransomware attacks on SMBs have increased by 400% since 2020.
Sources: CISA.gov, Sophos State of Ransomware 2023
✅ Takeaway
Small businesses are no longer “too small to target.” A proactive security posture — including regular updates, employee training, endpoint protection, and backup strategies — is essential for resilience.