of small businesses that were breached by the 2017 Ransomware attacks were so affected they could not continue operating. Even more alarming is that more than half of all small businesses suffered a cyber breach in 2019. And cyber attacks on small businesses represent the largest share of all the attacks in the report. Small companies tend to be easier to hack because they lack the resources and protective barriers that larger ones have to fend off cyber hackers. Contact Information:SCOREBetsy Dougert703-487-3677[email protected], Cision Distribution 888-776-0942 To qualify for the survey, companies had to have no more than 500 employees. Ransomware is malware downloaded from compromised sites or infected files that lock a device until ransom is paid. Follow @SCOREMentors on Facebook, Instagram and Twitter for the latest small business news and updates. The fact that 43% of recent cyber-attacks target these companies doesn’t make things any easier. New SCORE infographic illustrates small businesses' vulnerability to cybercrime. According to the FBI’s Internet Crime Report, the cost of cyber attacks reached $2.7 billion in 2018 alone. Symantec’s report shows that about 1 in 40 small businesses are at risk of being the victim of a cyber crime. 43% of Cyberattacks Target Small Businesses. Cyber crime is on the rise and small businesses are increasingly becoming the target of hackers. 13 – Ransomware attacks occur every 14 seconds The frequency in which Cybersecurity Ventures predicts that a business will fall victim to a ransomware attack this year in its 2019 Official Annual Cybercrime Report (ACR). 3. Almost half of all cyberattacks are directed at small businesses, according to data compiled by SCORE, mentors to America’s small businesses, in honor of National Cybersecurity Awareness Month.Macro malware is the predominant type of cybercrime affecting small businesses, with online banking and ransomware attacks trailing close behind. Online banking is extremely popular, with 71% of customers using online banking and 43% using mobile banking – and thieves only need nine minutes to use stolen data. 43% of all cyber-attacks last year were targeted at small businesses with less than 250 staff, according to a report by Symantec. The average attack now costs small businesses $200,000 to recover from. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA. 38% of malicious attachments are masked as one Microsoft Office type of file or another. Cyberattacks • Small business is the target of . Small businesses were affected by 54,000 ransomware incidents in 2017: Online banking malware is malicious software that steals banking credentials and/or credit card information. Small businesses can protect themselves from macro malware by avoiding downloading attachments from unknown email addresses, and disabling macros in Microsoft applications. 43% of all cyber attacks are aimed at small businesses. Even more alarming is that more than half of all small businesses suffered a cyber breach in 2019. 12. Since 1964, SCORE has helped more than 11 million aspiring entrepreneurs. While businesses across the country prepare to welcome back their customers, hackers and cyber criminals are actively infiltrating and exploiting small … 1 • 22%. For more information about starting or operating a small business, visit SCORE at www.score.org. Companies face an average of 22 security breaches in 2020. It’s no secret that small businesses experience plenty of hardship during their early years. Small businesses, however, either don’t have the proper res… 64% of companies have experienced web-based attacks. Small businesses can protect themselves by ignoring suspicious emails with urgent requests for personal information, avoiding opening emails from unknown contacts, and regularly updating software to patch vulnerabilities. 64% of companies have experienced web-based attacks. As a small business owner, you may be thinking that a cyber-attack or data breach won’t impact you, but the statistics are astounding…1 in 10 small businesses are at risk of being victimized by some form of cyber-crime and studies show that an estimated 43% of cyber-attacks target small business. Once this happened rarely. When did you last read about a small business being hacked in the news? 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