According to a recent report by Vercara, businesses have experienced 800,000 cyberattacks. The report found that 75% of consumers expressing their readiness to sever ties with a brand in the aftermath of any cybersecurity issue.

Sixty-six percent of U.S. consumers would not trust a company that falls victim to a data breach with their data and 44% of consumers attribute cyber incidents to a company's lack of security measures. Fifty-four percent extend a degree of leniency toward smaller brands grappling with cyberattacks, in contrast to their higher expectations for larger businesses.