Why Most Small Businesses go Bankrupt After a Cyberattack
Blog written by
What We Observed:
Over the years, working in the cybersecurity industry for various Fortune 500 companies, we kept track of the major incidents we witnessed firsthand. By documenting and analyzing these cases, we began to see recurring patterns, how attacks unfolded, how often businesses were hit again, and how devastating the long-term effects became, especially for small and medium-sized businesses.
30% went out of Business
Hackers Love Small Businesses with high value customers
In hacker jargon, you often stumble across the term “low hanging fruits” or even “free food.”
For hackers, small businesses are literally free food.
Not because every small company holds millions in cash, but because they connect to the real jackpots: banks, government clients, and large enterprise supply chains. By hacking a small business, attackers gain a stepping stone into much higher-value targets.
That’s what makes small firms such an attractive target.
Ransomware might only squeeze tens of thousands out of a small business, but the customer data, partner access, and trust relationships are worth far more.
In the wrong hands, your small company becomes the perfect backdoor into bigger victims.
Routerfisher
Never trust cybersecurity from someone whose passion didn’t begin in the basement.Founder · Author · Security Researcher
