Report by Clutch
Cyberattacks Are Common. Here’s How Small Businesses Recover
Key Findings
31% of small businesses that experience a cyberattack incur costs between $50,000 and $249,000
71% of small businesses that experience a cyberattack replace outdated software to strengthen cybersecurity
91% of small businesses that experience a cyberattack feel better prepared to prevent a future cyberattack
63% of small businesses that experience a cyberattack increase IT budgets to strengthen cybersecurity
41% of small businesses cite cost as the biggest barrier to improving cybersecurity
84% of small businesses that experience a cyberattack have experienced a prior cyberattack
96% of small businesses that experience a cyberattack feel more prepared to prevent or respond to a cyberattack
64% of US small businesses rate their cybersecurity posture as strong
70% of small businesses that experience a cyberattack experience operational downtime or service disruption
91% of small businesses that experience a cyberattack work with an outside provider
71% of small businesses that experience a cyberattack hire a cybersecurity incident response firm
46% of small businesses that experience a cyberattack experience the loss or theft of customer data
68% of US small businesses have experienced a cyberattack or security breach
95% of US small businesses believe they have sufficient security measures in place
86% of small businesses that experience a cyberattack recover within three months
40% of small businesses that experience a cyberattack hire cybersecurity staff to strengthen cybersecurity
47% of small businesses that experience a cyberattack work with a managed security services provider
52% of small businesses that experience a cyberattack experience financial losses
26% of small businesses that experience a cyberattack incur costs between $250,000 and $999,000
23% of small businesses cite a lack of internal expertise as the biggest barrier to improving cybersecurity