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Report

SMB Cybersecurity Disconnect Report

LastPass and survey research firm InnovateMR conducted a study of more than 600 small- and medium-sized business (SMB) leaders in the U.S. and found that despite increased investments in cybersecurity education and infrastructure, human factors still create significant risks.

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April 30, 2024 • This resource is only available in the English language
82%

of SMBs said they’ve increased cybersecurity budgets year over year

30%

believe they face a very high risk of having a cybersecurity issue

47%

report recent cybersecurity breaches due to compromised passwords

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Infographic

Businesses have a false sense of security

Cybersecurity may be a growing organizational priority, but when 20% of business leaders and 10% of IT security leaders admit to circumventing their own business security policies, it shows there’s still room for error.

How else are leaders and their employees behaving when it comes to passwords? And how can we best remediate it?

Download the Infographic

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Reports

Awareness doesn’t translate to action

Even as cybersecurity education spreads, only 31% of users reported having stopped reusing passwords, while only 25% started using a password manager.

As SMBs face increasing threats from AI-powered phishing attacks, cloud vulnerabilities, and data loss from ransomware, it’s as important as ever to increase password management adoption.

What’s stopping employees from adopting better behaviors?

Download the Report

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