We’re jaded by all of the recent security breaches lately. Every time you turn on the news it’s, “This information was hacked…” or “This department stores customer information was leaked”. This makes it hard for us to really understand, or even care, about how these attacks happen and even harder to really understand the impact that these incidents have on a business.

Don’t worry, we’ve broken this down into an easy to read list of the top 10 cyber security facts for businesses. Presenting these facts without the crazy news stories associated with them should help make it easier to digest! Enjoy!

10. Targeted attacks on businesses with fewer than 250 employees have increased significantly.

9. A recent threat report from the Internet security firm Symantec found that three out of every five cyber-attacks last year targeted small and midsize companies.

8. A total of 78% of all businesses experienced some data loss or theft in the last two years.

7. The cost of a data breach for a small business merchants averages $36,000 and can reach or exceed $50,000

6. According to Trustwave research, 90% of data breaches impact small merchants. A 2012 Trustwave security report indicates that Retail (45%), Food and Beverage (24%), and Hospitality (9%) are the top three compromised industries

5. Around 60 percent of all companies who experience data breaches go out of business within six months, an indication of their potential costs.

4. A new study finds that only 1 in 10 consumers have had any classes or training about protecting their computer and/or their personal information during the last 12 months. Indeed, a shocking 68 percent say they have never had any such training, ever.

3. 91% of targeted attacks use spear-phishing emails.

2. 37.3 million users around the world were subjected to phishing attacks, up 87% from 2012.

1. In the 2014 US State of Cybercrime Survey by PricewaterhouseCoopers, 42% of respondents said security education and awareness for new employees played a role in deterring potential attacks.