One of the most exciting things that could have happened in today's world is the advent of the internet and the need to create safe spaces online. The dynamic cyberspace ecosystem has led to an increasing necessity for cybersecurity concern among individuals, major corporate players and even small businesses.
A study states that by the year 2020, the costs related to damage caused by cybersecurity breaches may reach $5 trillion and that is why it becomes essential to ensure that your business' infrastructure is up-to-date and ready to ward off cyber crimes.
Any successful cybersecurity breach can crumble an entire company and ruin its public reputation. Cybersecurity threats are not only a matter of concern for large entities like banks, tech companies, and government agencies, but every other person who is concerned about their data needs to stay responsible for it. According to Small Business Trends, small businesses face a major threat as 43% of the previous cyber attacks have been aimed at small scale organizations.
The rate of cyber crimes is increasing day by day and thereby it becomes viably important to look at the current cybersecurity statistics and trends in order to recognize the diabolical and criminal ways through which data breaches happen and adopt measures to stay protected.
The first step to better security across your organization is to make employees more aware. They’re your greatest asset when it comes to security, and your greatest liability- Vernois
Let's take a glimpse at some of the major cybersecurity statistics that matter in 2019:
#Cybersecurity Stats That Matter in 2019
1. Every day, around 230,000 malware samples are created by hackers. The amount of malware created will continue to grow in the coming years and the creation of trojans, potentially unwanted programs and other threats would continue to enter targeted PCs and cause more harm than ever. (Panda Security)
2. A typical data breach remains unnoticed by the concerned organizations for up to 6 months and even the major IT players are on the list of such organizations. (ZD Net)
3. Small businesses are severely affected by data breaches and cyber attacks, 43% to be precise. Only 14% of small businesses rate their ability to mitigate cyber risks, attacks, and vulnerabilities as highly effective. Cyber attacks are the primary reason for around 60% of small companies to go out of business. (Small Business Trends)
4. Mobile messaging and social media use advanced at a whopping 203% over past years and there is an entire ecosystem of bad players trying to emerge in the form of mobile botnets. The most targeted platform for hackers is Windows. Android comes next. (Computer World)
5. More than 3 million cryptojacking hits have been detected between January and May 2018 and the number of mobile cryptojacking malware variants have grown to 25 by May 2018 from 8 in 2017, marking a three-fold increase. (Quick Heal)
#Stats That Matter in 2019: Cost-Related Trends
6. The information security market is anticipated to expand at 8.7% in 2019 and the money that will be spent on consultation and implementation services related to data protection, regulation, and privacy legislation is likely to surpass $124 bn. (Computer Weekly)
7. Today's organizations are struggling to secure their endpoints and paying a steep cost for each successful attack. A successful cyber attack costs over $5 million or $301 per employee. (Ponemon)
8. Destructive cyber-threat activity is becoming more common and attribution is getting harder. Information loss is the most expensive component of a cyber attack, with 43% of costs involved in it. (Accenture)
9. Cybercriminal activity is one of the biggest challenges that humanity will face in the next two decades. Cybercrime is projected to cause damage of over $6 trillion annually by 2021, up from $3 trillion in 2015. (Cybersecurity Ventures)
10. The Equifax breach has cost the company over $4 billion in total so far. That's how much stock market value Equifax has lost since the credit bureau revealed last week that it was hacked, compromising the personal information of about 143 million people. (Time Money)
11. An average of around $2.4 million is spent by companies in defense of malware and web-based attacks, the two most costly attack types. (Accenture)
# Stats That Matter in 2019: Ransomware
12. Considered as one of the fastest growing malware threat, more than 4000 ransomware attacks occur every day since 2016. Ransomware targets home users, businesses and government networks and can lead to temporary or permanent loss of sensitive information, disruption to regular operations and potential harm to an organization's reputation. (FBI)
13. Around 94% of targeted emails use malicious file attachments as the payload or infection source. 91% of cyberattacks begin with a "spear phishing" email which is an increasingly common form of phishing that makes use of information about a target to make attacks more specific and personal. (KnowBe4)
14. Ransomware costs include damage and destruction of data, downtime, lost productivity, forensic investigation, and reputational harm. According to an estimation, businesses will be attacked by ransomware every 14 seconds by the end of 2019, up from every 40 seconds in 2016. (FBI)
15. Global damage costs in connection with ransomware attacks are predicted to reach $11.5 billion annually by 2019. (KnowBe4)
# Stats That Matter in 2019: Phishing
16. Targeted phishing attacks are one of the biggest cybersecurity threats faced by the world today with over 56% of organizations identified in a survey of around 1300 IT decision makers. Nearly half of the IT security professionals rarely change their security strategy substantially even after facing cyber attacks. (CyberArk)
17. Phishing attacks have affected around 76% of businesses in the last year. (Wombat Security)
18. In 2017, Kaspersky's anti-phishing system was triggered around 247,000,000 times. Over 91 million more phishing system triggers were set off in 2017 as compared to 2016. 9% of unique users encountered phishing. (Kaspersky)
19. Spam emails that mention the hottest topics in the world news agenda are a constant feature of phishing. This trend is unlikely to change anytime soon. (Kaspersky)
20. About 30% of the phishing emails are opened by the users and 12% of those users click on the infected link or attachment. (Verizon)
Hackers obtain valuable information from companies and make big bucks by threatening to disrupt their business activities as money is certainly a very big factor behind everything that is in the path of acceleration today. Everyone needs to know about these cybersecurity statistics as the operational infrastructure of a number of organizations is affected by these cyber attacks.
Safe and secure cyberspace ensures economic vitality, national security and staying protected on the cybersecurity front will surely go a long way for any organization.