What percentage of small businesses have faced cyber-attacks according to Mastercard?

Mastercard's survey found that 46% of small and medium-sized businesses have experienced a cyber-attack.

How are criminals using AI to target businesses like Nostos?

Cybercriminals are harnessing AI and other advanced technologies to more effectively identify and exploit vulnerable businesses, increasing the sophistication of attacks.

What is Mastercard doing to help small businesses with cybersecurity?

Mastercard offers cybersecurity services, tools like My Cyber Risk, and resources through the Mastercard Trust Center to help SMEs protect themselves.

Home / Business and Economy / Small Businesses Under Cyber Siege: 46% Hit

Small Businesses Under Cyber Siege: 46% Hit

8 Jan

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Summary

Nearly half of small businesses surveyed experienced cyber-attacks.
Cybercrime costs businesses productivity and erodes client trust.
Employees often remain the weakest link in cybersecurity defenses.

Small Businesses Under Cyber Siege: 46% Hit

Small and medium-sized businesses (SMEs) are increasingly targeted by sophisticated cybercriminals, with a significant 46% reporting cyber-attacks. These digital assaults lead to financial setbacks and damage a company's reputation, often compelling businesses to spend considerable time restoring trust with their partners and clients. This vulnerability is exacerbated as criminals leverage advanced technologies like AI.

The human element frequently proves to be the weakest point in a company's digital defense, with a substantial 73% of business owners citing employee engagement with cybersecurity as a major challenge. Many assume they won't be targeted, highlighting a critical need for proactive education and robust security measures across all operational levels.

Mastercard is actively developing solutions, including cybersecurity services with its Business Builder program and tools like My Cyber Risk, to fortify SMEs. By partnering with experts and offering resources through the Mastercard Trust Center, the company aims to bolster the resilience of smaller enterprises, recognizing that a secure digital ecosystem is vital for economic stability.