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The great cyber security market failure and the tragic implications for mid-sized companies

The first-ever study on cyber security preparedness for mid-market businesses.

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Mid-market businesses are 490% more likely to experience a security breach by the end of 2021 than they were in 2019.

Attacks on the mid-market have increased between 50% and 125% in just the last year.

Attacks on healthcare and transportation increased over 125% in the past year. Attacks on retail, manufacturing, and professional services have increased between 86% and 90%.

October 2020 Attacks & October 2021 Attacks
End of Year Increase in Attacks by Sector 2020

Attacks spike in the last 4 months of the year.

In the last four months of 2020, the attacks on mid-sized businesses in each sector have increased between 22% and 36% compared to the attacks in the first eight months of the year.

Attack sophistication is on the rise.

Naive attacks that do not differentiate between targets have dropped from 86% to 68% in 2021. Conversely, targeted attacks have risen to 26%, customized attacks have increased to 4%, and insider threats have doubled to 2%.

Attack Sophistication

More attack vectors. More attacks in each vector.

Before the pandemic, phishing and malware attacks comprised the preponderance of cyber attacks. Since the start of 2020, attacks have grown in every category.

Percent Increase by Attack Vector, 2020-2021

Coro’s Mission

Protecting our economic backbone - the millions of growing businesses, empowering them to be resilient to cyber threats. Because Resilient Businesses are Thriving Businesses.