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Source – Fundera
43% of cyber attacks target small businesses
There was a 424% increase in new small business cyber breaches last year.
Only 14% of small businesses rate their ability to mitigate cyber risks and attacks as highly effective
47% of small businesses they have no understanding of how to protect themselves against cyber attacks.
3 out of 4 small businesses say they don’t have the personnel to address IT security.
54% of small businesses think they’re too small for a cyber attack
25% of small businesses didn’t realize cyber attacks would cost them money.
The median small business received 94% of its detected malware by email.
40% of small businesses experienced eight or more hours of downtime due to a cyber breach.
91% of small businesses don’t have cyber liability insurance.