Small business owners should keep an eye out for cybersecurity statistics as it’s been clear through the years that their organizations are often targets for cybercrime. Learning the numbers can be intimidating, but it’s worth understanding the different threats you are facing and how to save your business.
Small Business Cybersecurity Statistics You Need to Know
- During 2019, small business cyber breaches grew more than 5 times when compared to the previous year, mainly because small business has fewer security practices going on and are an easy way to get more money and data.
- Small business owners do not believe their organizations are big enough to be a target of a cyber-attack.
- 43% of cyber attacks target small businesses, this number has seen consistent growth over the last few years.
- 1 in 323 emails that small businesses receive is malicious. Consider the fact that an average office worker receives 121 emails a day, that means that your staff is getting at least 1 malicious email every 3 days.
- The average small business receives 94% of its detected malware by email.
- 63% of confirmed data breaches leverage a weak, default, or stolen password, make sure you start implementing a password security policy within your organization as part of your efforts to avoid being part of the statistics.
- 40% of small and mid-sized businesses experienced eight or more hours of downtime due to a cyber breach.
- This downtime accounts for an average of $1.56 million in losses.