Individual users like you and me are also targets. Don’t think that all that money comes from hackers targeting corporations, banks or wealthy celebrities. Total cost for cybercrime committed globally will reach $6 trillion by 2021Ĭybercrime is one of the greatest threats. Finance and payment companies saw the largest drop in share performance post-breach according to Comparitech. The lowest point occurring up to 14 market days after a breach. Share prices fall 7.27% on average after a breach Information such as passwords, credit card details, and social security numbers may already be compromised by the time you’re notified.ġ4. Most companies take nearly 6 months to detect a data breach, even major onesĮquifax, Capital One, and Facebook just to name a few. What’s worse? An estimated 54% of companies say they have experienced one or more attacks in the last 12 months. More than 77% of organizations do not have a Cyber Security Incident Response plan RELATED: 6 Steps on How to Create Stronger Passwords 12. 95% of cybersecurity breaches are due to human errorĬyber-criminals and hackers will infiltrate your company through your weakest link, which is almost never in the IT department. Of those jobs, cybersecurity engineers are some of the highest-paid positions started at $140K annually on average. are unfilled, and postings are up 74% over the past five years. More than 500,000 cybersecurity jobs in the U.S. Unfilled cybersecurity jobs worldwide is already over 4 million The IoT market is due to reach 31 billion connected devices this year in 2020 and by 2025 it will be roughly 75 billion IoT devices.ġ0. Connected IoT devices will reach 75 billion by 2025 Organizations need to make a fundamental change in their approach to cybersecurity and reprioritize budgets to align with this newly defined reality of our modern society. Approximately $6 trillion is expected to be spent globally on cybersecurity by 2021 Human intelligence and comprehension is the best defense against phishing attacksĪccording to Cofense thwarting phishing attempts comes down to user behavior and understanding is the best way to protect your business against some of the most common hacking methods. 9.7 Million Records healthcare records were compromised in September 2020 aloneĪccording to the HIPAA Journal, “83 breaches were attributed to hacking/IT incidents and 9,662,820 records were exposed in those breaches”.ħ. As of this summer, they recorded 12,377 Covid-related scams.Ħ. Since COVID-19, the US FBI reported a 300% increase in reported cybercrimesĪs if a pandemic wasn’t scary enough, hackers leveraged the opportunity to attack vulnerable networks as office work moved to personal homes. RELATED: Schools Are Prime Targets For Cyber Attacks, Survey Finds 5. For public companies, the cost is much greater since more is at stake, on average a data breach at a publicly-traded company would cost $116 million. The global average cost of a data breach is $3.9 million across SMBsįor most businesses this is sum is crippling – not only monetarily but in reputation. small organizations (those with fewer than 500 employees) spend an average of $7.68 million per incident.
59% of companies experienced malicious code and botnets and 51% experienced denial of service attacks. 62% experienced phishing & social engineering attacks.
43% of cyber attacks target small businessĦ4% of companies have experienced web-based attacks. There is a hacker attack every 39 secondsĪ Clark School study at the University of Maryland is one of the first to quantify the near-constant rate of hacker attacks of computers with Internet access- every 39 seconds on average, affecting one in three Americans every year -and the non-secure usernames and passwords we use that give attackers more chance of success.ģ. They’re just very popular targets because of the high level of personal identifying information contained in their records. Government, retail, and technology. The reason isn’t necessarily because those industries are less diligent in their protection of customer records. 95% of breached records came from only three industries in 2016 It’s important for us to define what the current information security and cybersecurity industry look like considering these alarming 15 Cyber Security Facts and Stats. Although more resources are being deployed to counter cyber attacks, the nature of the industry still has a long way to go before we can, as a whole, catch up with these threats. The cybersecurity industry is rapidly growing every day.
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