Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

This cybersecurity failure could cost SMBs millions #CyberSecurity

Name: This cybersecurity failure could cost SMBs millions #CyberSecurity
Uploaded: 2025-04-04T14:00:15+00:00
Duration: 41 s
Channel: Tom Burton
Description: Nearly 1 in 5 small businesses shut down after a cyber attack. The average cost is $250,000 per incident, though some attacks run as high as $7 million…

4 Apr 2025 · 1 min

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Nearly 1 in 5 small businesses shut down after a cyber attack. The average cost is $250,000 per incident, though some attacks run as high as $7 million. Tom Burton breaks down why SMBs can't absorb these hits.

Questions this video answers

Nearly one in five SMBs.

$250,000 per incident.

Up to $7 million per incident.

Chapters

This is a follow up article from cfodive.com talks about nearly one in five small and medium sized businesses or SMBs are at risk of shutting down after a cyber attack. That's pretty significant impact that it talks about that and I think the reason behind that, what it's sharing is the financial impact that goes with that. It says the average cost of a cyber attack is $250,000 per incident for small and medium sized businesses with the research that they did says the potential for reaching up to $7 million. So let's just say if you split that in half and say it was $3.5 million, you know of what it could go up to.