Introduction
You Can’t Protect What You Don’t Know is at Risk
The Rising Rate of Cyber Crimes
Global Cost of Cybercrime
The rising threat of cybercrime is a growing concern – and for good reason. The global cost of cybercrime is expected to reach $10.5 trillion annually for 2024, up from $3 trillion in 2015
—a 250% increase in less than 10 years.
And as attacks become more sophisticated,
small-to-medium sized businesses are
particularly vulnerable.
Rate of Occurence
of SMBs were the target of a cyberattack in 2021.
61%
82%
of ransomware attacks in 2021 were against companies with fewer than 1,000 employees.
95%
of cybersecurity breaches are attributed to human error.
Cost
In 2020 alone, there were over 700,000 attacks against small businesses, totaling 2.8 billion in damages.
75% of SMBs could not continue operating if they were hit with ransomware.
51% of small businesses that fall victim to ransomware pay the money.
Sources:
StrongDM
Astra
2021 SMB Data Breach Statistics – Verizon
2022 Data Breach Investigations Report – Verizon
Mimecast’s State of Human Risk Report
2021 Microsoft Digital Defense Report
