Small businesses are leaving themselves exposed to significant financial risk from cybercrime by not having adequate measures in place to recover in the event of a cyber attack. That’s according to the findings of InsuranceBee’s Cyber Survey, which asked more than 1,000 SMBs how prepared they are to deal with cybercrime.

Although the average cost for small and medium-sized businesses to recover from a cyber attack is estimated to be $120,000, 83% of SMBs do not have any money reserved to get back to business as usual should a breach occur. A quarter were unaware it would cost money to put things right.