Israeli Government: Smallest of SMBs Hit Hardest in Cyberattacks

Israeli Government: Smallest of SMBs Hit Hardest in Cyberattacks

January 29, 2024 at 10:28AM

Approximately 33,000 small and medium businesses in Israel were targeted by cyberattacks last year, 7,000 of which suffered significant damage. Data from the Small and Medium Business Agency at the Israeli Ministry of Economy and Industry revealed that 5% of surveyed businesses experienced cyberattacks. Smaller businesses with 5-20 employees and those in the industrial sector were most affected, while commerce businesses reported the fewest attacks at 3%.

The meeting notes provide the following key takeaways:

1. Around 33,000 small and medium-sized businesses in Israel were affected by cyberattacks last year, with 7,000 experiencing major damage. This indicates a significant impact on the business community in Israel.

2. Data from the Small and Medium Business Agency at the Israeli Ministry of Economy and Industry revealed that 5% of surveyed businesses reported they had been victims of cyberattacks. This points to a notable prevalence of cyber threats within the business sector.

3. Smaller businesses, particularly those with five to 20 employees, were the most affected, highlighting the vulnerability of such businesses to cyber incidents.

4. The industrial sector experienced a high frequency of cyberattacks, whereas businesses in the field of commerce reported the fewest attacks at 3%. This suggests varying levels of susceptibility across different industry sectors.

These takeaways illustrate the widespread impact of cyberattacks on small and medium-sized businesses in Israel, particularly emphasizing the vulnerability of smaller businesses and the variations in attack frequency among different industry sectors.

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