53 Percent of All SMBs Experienced at Least a Security Breach in the Last Year

Around 53% of all SMBs, small companies with up to 250 employees and medium-sized ones with up to 499, have been affected by a security breach during the last year according to Cisco's 2018 Annual Cybersecurity Report.

Moreover, the Better Business Bureau (BBB) found out during a study that small/midmarket businesses will go through a period of financial struggles after a severe cyber attack, with more than half of all SMB owners that took part in the study saying that they would go under in less than a month if essential data would be lost.

"29% of midmarket companies say breaches cost them less than $100K. 20% say it costs $1,000,000-$2,499,999," says Cisco's 2018 Annual Cybersecurity Report.

When it comes to the security issues they could face, SMBs are mostly concerned targeted phishing attacks, advanced malware that anti-malware solutions cannot detect and fend off (ad... (read more)