What Qualifies as a Small businesses (SMB)?
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- small businesses as those that have fewer than 1,000 employees
- The cyber security company VIPRE categorizes small businesses as those that have 1-500 employees.
- Alliance Cybersecurity’s data includes companies that have 500 or fewer employees as well
Top Small Business Cyber Security Statistics to Know
- 43% of All Data Breaches Target SMBs
- There Was a 424% Increase in Authentic and New Breaches of Small Businesses in 2018
- 83% of SMBs Lack the Funds to Deal with the Repercussions of a Cyber Attack
- The Average Cyber Attack Carries a Price Tag of Nearly $3 Million
- SMBs Experience 8+ Hours of Downtime During a Breach
- 1 in 323 Emails to Small Businesses are Malicious
- 60% of SMBs Cite Employee Negligence as Cause of Data Breaches
- 54% of SMBs Believe Their Companies are “Too Small” to Be Ransomware Targets
- 77% of SMBs Anticipate Outsourcing Cyber Security
- 62% of SMBs Lack the In-House Skills to Handle Cyber Security
- Small Businesses Invest Less Than $500 Per Year in Cyber Security Products
- 55% of Small Businesses Cite Resources and Knowledge as Challenges to Cyber Security Planning
- Cyber Attacks Due to Weak or Stolen Employee Passwords Average $383,365
- 68% of Small Businesses Don’t Have Disaster Recovery in Mind