Business
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January 24, 2024 (Updated October 26, 2026)
13 min to read
Small Business Ransomware: What You Need to Know
It's a common misconception that small businesses do not get attacked by cybercriminals as often, but unfortunately, bad actors do not discriminate. According to Veeam's 2023 Data Protection Trends Report, 85% of organizations were hit by at least one cyberattack in the previous year, and small businesses carry more than their share of the damage. In Verizon's 2026 Data Breach Investigations Report, 96% of ransomware victims (where organization size was known) were small and mid-size businesses (SMBs) with fewer than 1,000 employees. Read more