Small and medium-sized businesses face a big threat from cyberattacks and hackers, according to a special agent in the FBI’s cyber division.
“The large businesses continue to invest in their cybersecurity and enhance their cybersecurity posture,” FBI Supervisory Special Agent Michael Sohn said at CNBC’s Small Business Playbook virtual event on Wednesday. “So what the cybercriminals are doing is they’re pivoting, they’re evolving and targeting the soft targets, which are the small and medium businesses.”
In 2021, the FBI’s Internet Crime Complaint Center (IC3) received 847,376 complaints from the American public regarding cyberattacks and malicious cyber activity, a 7% year-over-year increase. In total, potential losses from those attacks exceed $6.9 billion, a 64% increase compared to the previous year.
“Unfortunately, the majority of those victims were small businesses,” Sohn told CNBC’s Frank Holland.