Small and medium-sized businesses (SMBs) are continuously becoming prime targets for cybercriminals. Recent statistics reveal that 61% of SMBs were targeted by cyberattacks, with 46% of all cyber breaches affecting companies with fewer than 1,000 employees.
The consequences of such attacks are often devastating. According to industry data, 60% of small businesses that experience a cyberattack shut down within six months. On average, a single attack costs an SMB approximately $255,000, with extreme cases reaching up to $7 million depending on the damage and legal consequences involved.
A Critical Response: CyberCatch’s Tailored Training Solution
In response to the alarming statistics, cybersecurity firm CyberCatch has introduced a new training platform designed exclusively for SMBs. The solution, known as Cybersecurity Awareness Training (CAT), aims to address the growing threat by educating employees on how to recognize and prevent cyber threats, especially ransomware, phishing, and credential theft attacks.
Why SMBs Are Uniquely Vulnerable
Unlike large enterprises, SMBs often lack dedicated IT teams, powerful infrastructure, or the cybersecurity training needed to withstand an attack. Yet they store sensitive financial details, employee records, and customer information that make them appealing targets for attackers looking for easy wins.
Key Features of the CAT Training Program
- Focused curriculum: 10 bite-sized video modules (approx. 5 minutes each) designed for busy teams.
- Fully accessible on mobile devices: Training can be accessed via desktop, tablet, or phone.
- Real-world case studies: Uses incidents involving actual SMBs to teach practical defense tactics.
- Progress dashboard: Employers can track employee completion and compliance.
- Threat-specific modules: Topics include spear phishing, smishing, vishing, password attacks, ransomware, and Wi-Fi exploitation.
Many cybersecurity training programs overlook the specific tactics used against SMBs. CyberCatch’s approach is hands-on, scenario-based, and designed to be both accessible and effective, said Sai Huda, founder, chairman, and CEO of CyberCatch.
Additional Statistics on SMB Cybersecurity
With ransomware attacks increasing in frequency and cost, businesses can no longer afford to delay training their teams. The CAT platform delivers just-in-time, relevant education to help employees become the first line of defense—rather than the weakest link.
Further statistics reveal that:
- 61% of SMBs experienced a cyberattack in 2021 (data by SentinelOne).
- 60% of attacked SMBs close within 6 months (data by Emerson Digital).
- $255,000 average cost of a cyberattack on an SMB (data by Cybersecurity Dive).
- Ransomware accounts for 27% of all SMB breaches in 2024.
Is your organization prepared? Now is the time to act. With tools like CyberCatch’s CAT solution, SMBs can begin to close the awareness gap and build resilience in the face of increasing cyberattacks.
Milena Dimitrova
An inspired writer and content manager who has been with SensorsTechForum since the project started. A professional with 10+ years of experience in creating engaging content. Focused on user privacy and malware development, she strongly believes in a world where cybersecurity plays a central role. If common sense makes no sense, she will be there to take notes. Those notes may later turn into articles! Follow Milena @Milenyim
Follow Me: