57% of small and medium-sized businesses (SMBs) feel at a disadvantage compared to larger enterprises due to limited resources.

61% of US SMB leaders admit they are not proactive in updating their systems.

Nearly 35% of US SMBs say that system updates and maintenance are among their top IT challenges.

35% of US SMBs describe themselves as very proactive about updating systems.

About 64% of US SMB leaders agree that without an active IT team, system updates are more likely to slip through the cracks

90% of US SMB leaders agree that IT is more important today than it was 10 years ago.

64% of US SMBs say businesses without an active IT team are less likely to stay current.

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

Small and mid-sized businesses (SMBs) in the $4M-$8M range were the most frequently targeted.

Less than half (49%) of SMBs intend to invest in cybersecurity technology.

More than half (52%) of SMBs said they are not very confident in their ability to manage a cybersecurity threat.

Over half of SMBs (52%) surveyed reported not having the resources to implement better security technology.

A majority (59%) of SMBs said their business needs to improve its cybersecurity and compliance in 2025.

More than half (52%) of SMBs said they are not very confident in their ability to manage a cybersecurity threat.

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

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.