Top 20 Cyber Security Statistics You Must Know About

In August and September, the New Zealand Stock Exchange was one of the most targeted cyber attacks, leading to many trades suspension. Simultaneously, EasyJet, a global low-cost airline with its headquarters in London, said that a sophisticated breach had led to the disclosure of the personal information of around 9 million customers.

The report published by The Wall Street Journal stated that malicious malware was implanted into the Orion program developed by the information technology firm SolarWinds. Hackers could access sensitive information from various institutions in the United States, including hospitals, universities, government agencies, and Fortune 500 companies. According to the study's conclusions, the virus secretly inserted into the Orion program caused the systems of at least twenty-four significant companies to get hacked. These companies include Nvidia, VMware, Cisco, and Intel.

In the second half of 2020, when the world attempted to deal with the coronavirus epidemic, cybercriminals did not spare any organizations, including those involved in researching and developing the COVID-19 vaccine. They attacked seven prominent institutions from around the world, one of which was in India. The following information presents several little-known facts and data on cyber security, which may motivate you to improve the cybersecurity staff at your organization to create a powerful defense against expanding cyber threats.

Statistics Regarding Online Safety

1. According to research conducted by the multinational management consulting company Accenture, the average cost of a malware attack on an organization was $2.65 million.

2. According to the findings of an investigation conducted by IBM, the healthcare business had the highest amount of expenses (7.13 million dollars) due to data breaches.

3. A nationwide survey of professional services businesses known as Deloitte revealed that the cost of security increased from $2,337 to $2,691 per person between 2019 and 2020.

4. According to research conducted by IBM, the average amount of money lost by a business due to a cyberattack is 1.52 million dollars.

5. According to the findings of the "Ninth Annual Cost of Cybercrime Study" conducted by Accenture, the loss of information is the most expensive component of cyber-attacks, with an estimated cost of $5.9 million.

6. The Middle East has the second highest cost per incidence of a data breach at $6.52 million, according to the research "2020 Cost of a Data Breach" published by IBM. The United States has the highest data breach cost per incidence, which is $8.64 million.

7. According to the Cisco Cybersecurity Reports, over half of the world's largest organizations (those with more than 10,000 workers) spend more than one million dollars yearly on security. In addition, 43 percent of individuals who participated in the poll had budgets ranging from $250,000 to $999,999, while just 7 percent of respondents had budgets of $

8. According to projections by Cybercrime Magazine, the worldwide cost of cybercrime will reach over $6 trillion by 2022, with the cost of ransomware damages contributing an additional $20 billion to that sum.

9. In October 2020, experts from the California security firm Zscaler determined that nineteen apps were infected with the Joker virus. As a result, Google removed these applications from the Play Store because they posed a security risk. The research authors believe that the virus was created to obtain necessary information from its victims stealthily. Another study found that dangerous apps most often target the entertainment and leisure categories. This percentage was 7 and 15% respectively.

10. According to a poll conducted by the security company Symantec, around one out of every 323 small firms (those with less than 250 employees) fall prey to phishing emails yearly.

11. An award-winning firm specializing in threat analysis called SecurityIntelligence conducted a study called Ransomware 2020: Attack Trends Affecting Organizations Worldwide. According to the findings of this study, nearly one-quarter of all ransomware attacks are directed at manufacturing companies. Professional services and government organizations follow this, accounting for one-seventh and one-thirteenth ransomware attacks.

12. Gartner, Inc., has projected that the cybersecurity market will reach $170.42 billion by 2022. This figure was derived from an analysis of the global market.

13. According to recent research, human error accounts for 99.5% of all vulnerabilities in terms of security.

14. Phishing attacks hit 88 percent of organizations worldwide in 2019, according to some estimates.

15. Almost 68 percent of executives working in global corporations believe that the risks associated with cybersecurity are growing.

16. In 2020, cyber espionage was responsible for 10% of data breaches, while financial gain was responsible for 86% of those breaches, according to Verizon.

17. Malware was responsible for 17% of breaches in 2020, while phishing accounts for 22% and hacking accounts for 46%.

18. According to the Internet Security Threat Report, 37% of potentially harmful email attachments were either doc or dot files, followed by 19.55% exe files.

19. According to the Cost of a Data Breach Report 2020, which IBM released, it takes enterprises an average of 207 days to discover that there has been a breach in their data protection.

20. Phishing scams accounted for over 80 percent of all cybersecurity incidents.

Conclusion

The danger posed by criminal activity on the internet is undeniably there and must be addressed with the greatest seriousness to mitigate it. An organization can protect itself from the vast majority of data breaches by analyzing the cybersecurity risk to which the company is exposed, implementing company-wide improvements, and increasing data protection. It is all possible if the organization increases data protection and implements company-wide improvements. Increasing data security is a procedure that includes all of these steps. Here one must note that this is beyond the control of leading players in the field of cyber security as the hackers move a step ahead of the expected move from cyber security experts. With the development of various fields, there will be no surprise if these figures boom shortly, especially in developed nations.