Most consumers (68%) expect small businesses to maintain the same level of digital security as large corporations or better.

Nearly 70% of SMBs rely on third-party guidance to inform buying decisions.

Among SMBs under 25 employees who experienced a cyber incident in the past year, 29% reported ransomware.

50% of SMBs feel overwhelmed by the number of cybersecurity tools on the market.

Only 6.5% of SMBs believe their current cybersecurity budget is truly sufficient.

Only 11% of SMBs have adopted AI-powered defenses. This is also stated as only 11% of SMBs currently using AI-powered security.

93% of SMBs consider themselves knowledgeable about cybersecurity risks.

Among SMBs with fewer than 50 employees, only 47% report having a security plan in place.

Among larger SMBs who experienced a cyber incident in the past year, 19% reported ransomware

83% of SMBs report having a cybersecurity plan in place.

Only 36% of SMBs are investing in new cybersecurity tools.

Among SMBs with fewer than 50 employees, more than half allocate less than 1% of their annual budget to cybersecurity.

Only 57% of SMBs say they prioritize protection against advanced threats when selecting a solution.

67% of SMBs prioritize affordability when selecting a cybersecurity solution.

71% of SMBs Use a VPN.

71% of SMBs Use a VPN.

16% of SMBs never back up their data.

Wi-Fi or network disruptions (52%) were the most common cyber disruptions faced by SMBs in the past 12 months.

For nearly a third of SMBs, a cyberattack with minimal financial impact – less than $10,000 – would cause them to shut down.

18% of SMBs have deployed penetration testing.