October is Cybersecurity Month, Are you Aware of the Top Threats to Small Businesses?

October is Cybersecurity Month, Are you Aware of the Top Threats to Small Businesses?

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According to SCORE, “Almost half of all cyberattacks are directed at small businesses, according to data compiled by SCORE.”

43% of Cyberattacks Target Small Businesses

Attacks on SMBs are real, on the rise, and can pack a devastating blow. Here are some of the supporting facts.

  • Only 14 percent of small businesses rate their ability to mitigate cyber risks, vulnerabilities, and attacks as highly effective.
  • 60 percent of small companies go out of business within six months of a cyberattack.
  • Small businesses were affected by 113,000 incidents of macro malware in 2017
  • 39% of the 269 billion emails sent and received in 2017 were spam messages
  • Small businesses experienced 66,000 online banking malware attacks in 2017
  • Small businesses were affected by 54,000 ransomware incidents in 2017
  • The average amount demanded during a ransomware attack is $1,077 – but the average cost to businesses is $133,000 (when accounting for downtime, lost opportunities and recovery costs)

How prepared are you if an attack happened to your business?

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SOURCES:

  • https://thebestvpn.com/cyber-security-statistics-2018/
  • http://www.radicati.com/wp/wp-content/uploads/2017/01/Email-Statistics-Report-2017- 2021-Executive-Summary.pdf
  • https://www.statista.com/statistics/420400/spam-email-traffic-share-annual/
  • https://docs.microsoft.com/en-us/windows/security/threat-protection /intelligence/macro-malware
  • https://www.consumer.ftc.gov/blog/2017/05/how-fast-will-identity-thieves-use-stolen-info
  • https://www.valuepenguin.com/banking/statistics-and-trends
  • https://www.thinkwithgoogle.com/consumer-insights/micro-moments-consumer-behavior-expectations/
  • https://www.trendmicro.com/vinfo/us/security/definition/ransomware
  • https://thebestvpn.com/cyber-security-statistics-2018/
  • https://blog.barkly.com/ransomware-statistics-2018