Alarming statistics for small businesses
Small and medium‑sized enterprises (SMBs) often assume they’re not targets, but data shows otherwise. In 2025, the average cost of a small‑business data breach was $120,000, and ransomware incidents cost $35,000 on average. Recovering from phishing scams can cost around $70,000, and 29% of breached small businesses lose customers permanently.
Only 20% of small businesses perform regular vulnerability assessments, while 45% lack endpoint protection. A staggering 70% of SMBs say recovering from a cyber attack is harder than dealing with a natural disaster.
Common threats targeting SMBs
- Phishing and social engineering: Attackers trick employees into revealing credentials or transferring funds.
- Ransomware: Malicious software encrypts data and demands payment for its release.
- Insider threats: Disgruntled employees or contractors may steal or sabotage data.
Steps to improve cybersecurity posture
- **Risk assessment:** Identify critical assets, potential vulnerabilities and threats.
- **Employee training:** Educate staff on phishing, password hygiene and reporting suspicious activity.
- **Multi‑layered security:** Deploy firewalls, endpoint protection, intrusion detection and data encryption.
- **Incident response planning:** Prepare playbooks and backups to minimize downtime during an attack.
BrainTrust’s cybersecurity services
We offer comprehensive vulnerability assessments, penetration testing and 24/7 monitoring tailored to SMB budgets. Our consultants help you implement affordable security frameworks and create a culture of cybersecurity awareness.
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