In today’s digital landscape, small businesses are facing more cybersecurity risks than ever before. While many may assume hackers only target large companies, statistics reveal quite the opposite: small businesses are increasingly vulnerable to cyberattacks. For businesses that may lack the resources of larger enterprises, it’s crucial to understand the risks and invest in effective cybersecurity solutions. Below, we’ve compiled 50 essential cybersecurity statistics that every small business owner should know, followed by insights on how Cy-Quest Global can help safeguard your business from these growing threats.
General Cybersecurity Risks for Small Businesses
Small businesses often assume they’re too small to be targets, but 43% of cyberattacks are actually directed at smaller organizations. In fact, 60% of small businesses shut down within six months following a cyberattack. With the stakes this high, ignoring cybersecurity isn’t an option. At Cy-Quest Global, we focus on making cybersecurity both accessible and comprehensive for small businesses, empowering them to protect their digital assets and continue growing without fear of compromise.
The Financial Impact of Cyberattacks
The average cost of a cyberattack on a small business is around $200,000, an expense that can be catastrophic. Ransomware attacks alone cost small businesses an average of $84,000 per incident, with many companies unable to afford the fallout. Cy-Quest Global offers managed cybersecurity solutions designed to prevent costly incidents before they happen, so you don’t have to worry about unexpected financial blows.
Data Security & Privacy Concerns
Data breaches impact 31% of small businesses, with 72% of breaches affecting companies with fewer than 100 employees. For a business that relies on sensitive client information, protecting this data is essential. Cy-Quest Global helps implement best practices in data encryption, multi-factor authentication, and secure cloud storage, so you can confidently protect the data that powers your business.
Cyber Insurance & Protection
Despite the risks, 75% of small businesses lack cyber insurance, and 40% don’t back up their data in multiple locations. At Cy-Quest Global, we help you evaluate and manage risks by advising on cyber insurance and creating backup strategies, which add a layer of resilience against threats.
Phishing & Email Security
The statistics are clear: 91% of cyberattacks begin with a phishing email, and 30% of phishing emails are opened by employees. With 76% of small businesses having reported phishing attempts in the last year, email security is more crucial than ever. Cy-Quest Global specializes in providing anti-phishing tools and training for employees to recognize these threats, which reduces the risk of email-related breaches.
Employee Awareness & Training
A knowledgeable team is your best line of defense, yet 69% of small businesses report that their employees have received little to no cybersecurity training. Employee negligence is often cited as a leading cause of security breaches. Cy-Quest Global offers comprehensive employee training programs that empower your team to identify and avoid common cyber threats.
Security Software & Technology
Shockingly, 20% of small businesses still operate without antivirus software, and only 33% use multi-factor authentication (MFA). Without these basic defenses, a business remains vulnerable. Cy-Quest Global ensures that every client has access to industry-standard tools, such as MFA, secure networks, and antivirus solutions, which we monitor and update to keep your systems protected from evolving threats.
How Cy-Quest Global Can Help
At Cy-Quest Global, we understand that small businesses have unique cybersecurity needs. Our mission is to provide affordable, scalable cybersecurity solutions designed to give small businesses peace of mind. Here’s how we do it:
1. Customized Cybersecurity Plans – We don’t believe in a “one-size-fits-all” approach. Instead, we assess each client’s specific needs, industry regulations, and current vulnerabilities to create a plan that provides the right level of security.
2. Employee Training and Awareness Programs – Employees are often the weakest link in cybersecurity. Our training programs empower your team with the skills to recognize and respond to phishing, social engineering, and other common attacks.
3. 24/7 Monitoring and Incident Response – Cyber threats don’t take a break, and neither do we. Our team provides 24/7 monitoring and rapid response to minimize downtime and prevent breaches from escalating.
4. Risk Assessment and Compliance – Many small businesses are unaware of the full scope of their cybersecurity risks. We conduct thorough risk assessments to help you understand and manage your vulnerabilities, including assistance with regulatory compliance when required.
5. Affordable Cyber Insurance and Data Backup Solutions – We offer guidance on cyber insurance and provide robust data backup strategies to ensure that you’re prepared even in the event of a breach.
Your Trusted Cybersecurity Partner
Cy-Quest Global is dedicated to helping small businesses navigate the complexities of cybersecurity with confidence. From understanding the risks to implementing effective solutions, we’re here to support your business at every step. Don’t let these alarming statistics become a reality for your company. By investing in cybersecurity today, you’re not only protecting your business—you’re building a foundation for sustainable growth and success in the digital age.
Contact Cy-Quest Global today to discuss how we can help protect your business from cyber threats. Together, we can make sure you’re ready for whatever comes next.
In an age where cybersecurity is no longer a luxury but a necessity, Cy-Quest Global is here to ensure small businesses thrive securely.