43% of cyber attacks target small business.
51% of small businesses have no cybersecurity measures in place at all.
59% of small business owners with no cybersecurity measures in place believe their business is too small to be attacked.
Only 20% of small businesses have implemented multi-factor authentication.
50% of small businesses took 24 hours or longer to recover from an attack.
17% of small businesses encrypt data .
82% of ransomware attacks are against companies with fewer than 1,000 employees.
37% of companies hit by ransomware had fewer than 100 employees.
60% of small companies go out of business within six months of a cyber attack.
Nearly half of small businesses spend less than $1,500 monthly on cybersecurity.
Half of information security breaches were caused by malicious actors, the other half by human or system failure.
Only 14% of small businesses believe they are highly effective in their ability to handle a cyber attack.
Top five types of information at risk:
55% of small businesses reported having suffered a cyber attack in the past year
$880,000 was the average cost in loss of business, system damage, or theft following a cyber attack.
$950,000 was the average cost due to cyber attack disruption of normal operations.
41% of organizations have over 1,000 sensitive files left unprotected including credit card numbers and health records.
$225 per customer was the average cost of lost or stolen records per due to cyber attacks.
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