10 Key Cybersecurity Facts Every Small Business in South Carolina Needs to Know

1. Global Cybercrime Damages: Predicted to cost up to $10.5 trillion annually by 2025, cybercrime poses a significant threat to businesses worldwide (Cybersecurity Ventures).
2. Malicious Email Rates in the U.S.: Small organizations in the United States receive malicious emails at a higher rate, with mining companies being particularly vulnerable (Symantec’s Internet Security Threat Report 2019).
3. Ransomware Impact: Two in five SMBs were impacted by ransomware in 2020, with US ransomware attacks costing an estimated $449 million in the first half of 2023 alone (Emsisoft).
4. Business Email Compromise (BEC): BEC attacks rose by 14% overall in 2020, with financial institutions and social media accounts being the most common targets in the U.S. (APWG).
5. Top Ransomware Threats: Ransomware continues to be the biggest cyberthreat to SMBs, with LockBit, Akira, and BlackCat being the top ransomware gangs (2024 Sophos Threat Report).
6. Sophisticated Social Engineering: Attackers are sharpening their social engineering tactics, engaging targets with conversational emails and sophisticated techniques (Sophos).
7. Phishing in Data Breaches: Phishing is the second most common threat action involved in data breaches, highlighting the importance of employee awareness and training (Verizon’s 2021 Data Breach Investigation Report).
8. Root Causes of Breaches: While ransomware was involved in 22% of breaches with a cyber attack as their root cause, errors still play a significant role in security breaches, accounting for roughly one in ten breaches in 2023 (Identity Theft Resource Center).
9. Cybersecurity Investment: Implementing robust cybersecurity measures, such as regular employee training and updating security protocols, is crucial for protecting business assets (Various Sources).
10. Staying Informed and Proactive: By staying informed about the latest cybersecurity trends and best practices, SMBs can navigate the digital landscape with confidence and resilience (Various Sources).

These statistics highlight the evolving cyber threats facing SMBs in South Carolina and underscore the importance of prioritizing cybersecurity measures to protect against potential risks.

In today’s digital age, small businesses in South Carolina face increasingly sophisticated cyber threats that can pose significant risks to their operations, finances, and reputation. Understanding the cybersecurity landscape is crucial for SMBs to implement effective measures to protect themselves against cyberattacks.

These 10 cybersecurity statistics shed light on the current threat landscape faced by small businesses in South Carolina. From the alarming rise in ransomware attacks to the prevalence of phishing and business email compromise scams, it’s clear that SMBs cannot afford to overlook cybersecurity.

To ensure the security of your business, it’s essential to stay informed about the latest cybersecurity trends and best practices. By partnering with a trusted cybersecurity provider, you can gain access to the expertise and solutions needed to safeguard your business from cyber threats.

Ready to strengthen your cybersecurity defenses? Learn more about our comprehensive cybersecurity offerings and how we can help protect your business from cyber threats. Visit our sales page or contact us directly at 864.332.9223 to speak with one of our cybersecurity experts. Don’t wait until it’s too late – prioritize cybersecurity for your small business today.