The cyberthreat landscape is growing more volatile, and no organizations are off-limits, especially small businesses. According to Verizon Business’s 2025 Data Breach Investigations Report, breaches involving third parties have doubled, while attackers’ exploitation of vulnerabilities increased by 34% in the past year.
Small and mid-sized businesses are being hit hardest, with ransomware attacks targeting them more frequently than large enterprises. The median ransom payment in 2024 was $115,000, which excludes the even steeper costs of downtime, data loss and reputational harm.