83% of small businesses plan to invest in cybersecurity in the next 12 months.

58% of companies with fewer than 200 employees have faced a cyber attack.

77% of small business leaders are concerned about phishing and impersonation scams powered by AI.

73% of small businesses have experienced a cyber attack. 75% of those attacks occurred within the past year.

13% of small businesses believe they are less vulnerable to cyber attacks, despite the risks.

85% of small business owners report satisfaction with their bank or credit union’s response to fraud.

74% of small business owners are more likely to reduce their banking engagement, such as credit card use or bank use, if defrauded.

Small business owners reported using specific methods to stay ahead of threats: multi-factor authentication (44%), transaction notifications (39%), and fraud alert services from credit bureaus (39%)

37% of small business ownershave had checks stolen from mailboxes, indicating check fraud is a challenge.

More than 57% of small business owners (SBOs) have experienced fraud.

Only 16% of small business owners feel extremely prepared against fraud.

40% of small business owners have experienced AI-driven fraud personally.

Small business owners business owners have a generally positive attitude toward AI-based fraud protection at 69%.

50% of small business owners owners report that their financial institutions use AI-powered fraud detection tools.

Small business owners reported a higher ability to fully recover from fraud (83%) compared to non-owners (74%).

85% of small business owners said they are extremely, very, or moderately concerned about rising AI-driven fraud.

Ransomware cases accounted for 70 percent of Sophos Incident Response cases for small business customers in 2024.

Over a third of all incidents involving intrusion into smaller organisations have systems on the network edge as the initial point of compromise.