Cyber Attacks Are Threatening The Survival Of Small Business

Uploaded on 2025-05-14 in TECHNOLOGY--Resilience, FREE TO VIEW

A recently published Report by VikingCloud titled 2025 SMB Threat Landscape has revealed alarming statistics about the increasing cyber attacks on Small and Medium-sized Businesses (SMBs). One in three SMBs suffered a cyber attackin the last year and 71% think that their current security is incapable of withstanding an attack.

The Report says that cyber security has now become one of the largest concerns for SMBs.

In particuar, attack losses as low as $10,000 would lead 32% of businesses to shut down, emphasising the devastating impact even a small-scale attack can have on these enterprises.

VikingCloud’s Report, which used data from a review and analyse of SMB owners across North America, shows how many firms are underprepared for the increasingly sophisticated cyber threats they face. The report says that while 60% of SMB owners believe they are likely to be targeted by cyber criminals, 74% of them either manage cyber security themselves or using a family member or friend.

Also, many businesses continue to neglect basic security practices, such as using weak passwords, failing to update software regularly, and lacking multi-factor authentication.

Financial limitations also play a key role in these shortcomings. Around 32% of SMB owners said the inability to afford dedicated cyber security personnel is a major problem and reduces their chances of improving their cyber security.

Now, many SMBs are considering AI as a solution to the lack of people with the right skills with 65% of surveyed business owners saying that they think AI could help them manage cyber security more effectively by identifying potential threats before they impact business operations. AI’s ability to flag phishing attempts, provide real-time threat responses, and monitor cyber security risks is seen as a potential game-changer, especially for SMBs with limited resources.

VikingCloud’s Report suggest that cyber security is widely seen a serious business strategy issue for SMBs. As cyber attacks continue to evolve, SMBs must take proactive steps to protect themselves, because the cost of inaction may be too great to recover from.

Viking Cloud | I-HLS | Apex Computing | StrongDM

Image: Vitaly Gariev

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