Cyber Statistics
Cybersecurity threats are a growing concern for businesses of all sizes, but small businesses are disproportionately targeted and often the least prepared. With nearly half of all cyber attacks aimed at small companies, the cost of inaction can be devastating—ranging from financial losses to operational disruptions and damaged reputations. Despite these risks, many small businesses lack the necessary measures to protect their systems, data, and customers. The statistics below reveal the harsh reality of these vulnerabilities and emphasize the importance of proactive cybersecurity.
At We Know Cyber, we specialize in equipping small businesses with the tools and expertise needed to reduce risk, strengthen defenses, and ensure business continuity.
Don’t wait until it’s too late. Scroll down to explore the stats and click below to schedule a consultation with We Know Cyber—let us help you secure your business and protect your future.
Small Business Cyber by the Numbers
– 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:
– Customer records
– Intellectual property
– Customer payment information
– Company financial information
– Employee records
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.
Professional penetration testing provided by We Know Cyber reveals your vulnerabilities and locks them down!
The numbers don’t lie—cybersecurity isn’t just a luxury; it’s a necessity. At We Know Cyber, we help businesses in Newark, Wilmington, and the Greater Philadelphia Area stay ahead of threats with tailored solutions like penetration testing, risk assessments, and continuous monitoring. Contact us today to schedule a consultation and let’s build a safer, more resilient future for your business.