15 Small Business Cyber Security Statistics That You Need to Know

15 Small Business Cyber Security Statistics That You Need to Know

Small business cyber security statistics graphic

Small business cyber attacks aren’t cheap — IBM reports that breaches associated with business email compromise cost an average of $5.01 million in 2020. Here’s our list of the top SMB cybersecurity statistics you need to know in 2021

Note: This small business cyber security statistics article is one that we periodically update with new data. This is the most recent update and is the last one we’ll likely make before we head into 2022. Be sure to check back periodically for updates and fresh SMB cybersecurity statistics!

You may have heard the oft-quoted small business cyber
security statistic that’s something akin to “60% of small companies that suffer
a cyber attack are out of business within six months.” Heck, like many major
media outlets, we’ve even quoted this stat ourselves in the past. However, it
turns out that the organization that’s often attributed for this small business
cyber security statistic, the National Cyber Security Alliance (NCSA), actually
recommends not citing this statistic for the following

“This statistic was not generated from NCSA research, and we cannot verify its original source. NCSA has not actively referenced this statistic for several years, but we discovered that it was included in an outdated infographic on our website. We have removed all of these references and do not recommend its ongoing usage. Members of the media, policy makers, small businesses and others are encouraged to rely upon more current and clearly sourced data.”

Well, that’s a bummer, right?

While we here at Hashed Out may not be the internet’s top resource for cyber security related information – though we strive to be and have more than two million readers – we still want to do the best job we can at providing you with the best and most useful information possible. This includes topics such as small business cyber security statistics.  

With this in mind, we’ve updated our list of some of the small business cyber security statistics you SHOULD know in one convenient resource. We’ll also discuss why SMBs make such attractive targets and what you can do to protect your business.

Let’s hash it out.

The post 15 Small Business Cyber Security Statistics That You Need to Know appeared first on Hashed Out by The SSL Store™.

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