The Hiscox Cyber Readiness Report 2023 reveals that small business owners are getting smarter, but so are cyber criminals. Although 63% of small businesses in the US are cyber intermediates and 4% are cyber experts, almost half (41%) experienced at least one cyber-attack during the past year. The report surveyed over 5,000 professionals responsible for their company’s cyber security strategy from the US, UK, France, Germany, Spain, Belgium, Republic of Ireland, and The Netherlands, including more than 500 US small business professionals.