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“According to Cyber Security Statistics, Cybersecurity has become an indispensable component of modern life, with technology increasing our risk of cyber threats exponentially.”
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- Every 39 seconds, hackers launch an attack.
- Healthcare remains the most frequently targeted victim of ransomware attacks.
- Email was responsible for 92% of virus distribution.
- Malware infects 4.1 million websites at any given time.
- The average time required to detect a ransomware attack is 49 days.
- Hackers stole a total of $29 million from the financial firm.
- WordPress plugins are responsible for 97% of security breaches.
- A total of $3 billion in cryptocurrencies has been stolen as a result of continuing hacks.
- 66% of CIOs plan to boost their cybersecurity investment.
- The statistics on cybersecurity for remote work indicate that 74% of IT experts believe that it is an extreme risk to cybersecurity.
General Facts About Cyber Security
- By 2023, cybersecurity market spending is estimated to exceed $188 billion.
- There will be approximately 3.5 million unfilled cybersecurity jobs in 2023.
- 65% of board members thought their company was vulnerable to a cyberattack.
- Almost 70% of businesses cited a security team manpower shortage.
- Talent shortages affect 94% of security departments and 93% of research and development teams. Report on the State of Pentesting in 2022.
- 77% of security professionals polled by ISC2 said they were happy or very happy with their professions, up from 66% in 2019.
- According to the same ISC2 research, 55% of security-related individuals started their careers in IT before transitioning to security.
- According to 69% of MSPs, their clients are struggling with compliance.
- Google and Microsoft have committed to investing more than $60 billion in cybersecurity solutions over the next five years.
- The worldwide automotive cybersecurity business is anticipated to be worth $9.7 billion by 2023.
- The Internet of Things (IoT) market is expected to grow by 18% by 2022, reaching 14.4 billion connections worldwide.
- 44% of study respondents say they do not provide remote work cybersecurity training to their staff.
Costs of Cybercrime
Cybercrime will cost businesses globally an estimated $10.5 trillion per year by 2025, up from $3 trillion in 2015. Cybercrime constitutes the greatest transfer of economic value in history, according to Cybersecurity Ventures, with a year-over-year growth rate of 15%.
Small Business Cybersecurity Stats 2023
Many small and medium-sized businesses feel that cyberattacks primarily affect large enterprises. That is not the case. Small businesses are the target of 43% of all cyberattacks.
- In 2022, fraudsters targeted 47% of SMBs.
- Surprisingly, only 26% of small businesses regard cybersecurity as their top priority, putting many in danger of data breaches, ransomware, and other destructive cyber-attacks.
- 52% of verified assaults against SMBs are the result of human mistakes.
- 64% of SMBs have revised their cybersecurity policy in response to the increased usage of remote work in the workplace. However, many people are still failing to take adequate precautions against cyber-attacks.
Phishing is still one of the most serious threats that SMBs face. Trojan-PSW assaults, which are used to steal login and password information, increased by about 25%, and 35,400,000 malware infections were identified against SMBs in the three months preceding 2022.
The costs of cyberattacks can be exorbitant, with a claim against a small corporation costing up to $139,000. Despite the perils of cyberattacks, 46% of SMBs have no idea how to manage cyber risk and are hence more vulnerable to attack.
Industry-Specific Cybersecurity Statistics
Certain industries are more vulnerable to cyber-attacks than others simply due to the nature of their operations. Although an attack on data can affect any company, those in intimate contact with people’s lives are the most vulnerable.
Hackers frequently target companies that contain sensitive information or personal data. Companies or organizations that are particularly vulnerable to cyber-attacks include:
- Financial institutions and banks: Store credit card information, bank account information, and personal customer or client information.
- Healthcare institutions: The repository for medical records and clinical research data, as well as patient records such as social security numbers, payment details, and insurance claims.
- corporations: Contains information such as product ideas, intellectual property marketing plans, employee and client databases, contract agreement pitches for clients, and much more.
- Advanced education Keep records of enrolment data, academic research, financial records, and personally identifiable information such as addresses, names, and billing information.
Cybersecurity Job Statistics
Cybersecurity professionals are in high demand. Because of the increase in cybersecurity-related threats, there is a greater demand for highly skilled cybersecurity personnel.
- In actuality, it is estimated that 3.5 million cybersecurity jobs would be unfilled by 2025.
- According to the Bureau of Labor Statistics (BLS), the job market will grow by 33% between 2021 and 2031.
- According to the BLS, the median salary for a cybersecurity specialist is $102,600.
Top Cybersecurity Threats and Trends
Companies are taking active steps to prepare themselves for what the near future brings and we should expect changes over the next several years.
- Security for supply chain software has been significantly upgraded.
- Ransomware will increasingly pose a threat to businesses.
- Companies are moving toward zero-trust cybersecurity measures with tightened controls over third-party suppliers’ actions in terms of cybersecurity.
- Enhance cyber insurance to provide additional protection to businesses.
Cybersecurity Costs
Data breach
The primary cost of data breaches is the imposition of penalties by regulatory authorities such as GDPR, PCI-DSS, and HIPAA.
- Data breaches in the United States are more expensive than data breaches worldwide.
- The average cost of a data breach occurrence in the United States is $9.44 million.
- The average cost of a data breach in the health business is $10.10 million.
Ransomware
Alongside the ransom payment, there are also penalties in the event that regulatory authorities find a flaw in your actions regarding how secure your data is.
- $4.54M is the median cost of an attack on ransomware.
- The average ransom payment is $ 1 million. median ransom amount.
- 80% of companies that have paid ransom are now being targeted a second time.
Cyber insurance
Cyber protection protects you in the event of an attack. However, when you encounter assaults or the level of cybercrime escalates, your cyber insurance premiums skyrocket.
- The average cost of cyber insurance climbed by 28% in the first quarter of 2022.
- 55% of organizations provide cyber security.
- The majority of organizations reported a rise in the cost of cyber insurance.
- The largest ransom payments paid by insurance companies in the United States in the last two years total $3.52 million.
- The greatest ransom payment made by US insurers in the last two years was $3.52 million.
- 35% of IT professionals say their firm is thinking about purchasing cyber insurance.
Hiring & budgeting
The more difficult it is to tackle cybercrime, the more will need to invest in security. Resource allocation is an integral component of your cybersecurity plan.
- The median wage for a Cyber Security Engineer can be $1,064,411 within the United States.
- Security analysts cost between $53,000 to $116,000 a year.
- 769,736 job opportunities in the cybersecurity field at the time of September 2022.
- Companies have allocated 12.8% of their IT budgets to cybersecurity.
- 51% of small-sized businesses have said they don’t allocate any funds to cybersecurity.
- 77% of executives at the C-level intend to increase their zero-trust spending in the next year.
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