Safeguarding SMBs: An Insight into Network Security Threats

Download our report to learn why US SMBs must prioritize network recruitment and salary benchmarks to protect against rising network security threats costing millions annually.

73%

Of US small businesses experienced an attack

$500,000 +

The cost of an attack for 13% of US small businesses

60%

Of US small businesses close within six months as a result of an attack

In 2023, the ITRC Business Impact Report stated that around 73% of US small businesses were victims of a cyber breach or data attack. These attacks resulted in 13% of these companies losing over $500,000 in damages. As stated in their Cost of a Data Breach Report 2024, IBM revealed the cost of cyber and network security threats increased by 10% on the previous year, reaching record highs of $4.88 million. 

Due to the rise in online security threats, it’s never been more vital for organizations, especially small and medium-sized businesses (SMBs), to protect their data and safeguard their entire IT infrastructure.