Small Businesses Continue to Be Big Targets for Cyberattacks

Thu, 26 Jan 2023 18:58:00 GMT

The numbers don’t lie. Cyberattacks on small-to-medium-sized businesses (SMBs) are growing in severity and frequency. In 2021, according to the financial information website Fundera, SMBs experienced a whopping 424% increase in cyber breaches during 2020, costing businesses more than $2.2 million in losses and causing 60% of companies to permanently close their doors within six months after experiencing an attack.