While 47 percent of small businesses suffered at least one cyber attack in the past year, only 35 percent of them took action following a cyber security incident to mitigate against another. Forty-four percent of small businesses that reported a cyber attack in the past year experienced two, three or four attacks.

The 2018 Hiscox Small Business Cyber Risk Report also found that barely half (52 percent) of small businesses have a clear strategy around cyber security. That’s despite the fact that two-thirds of small businesses surveyed reported cyber risk as a top concern for potential business impact on their organization in the coming year.