Costs in the U.S. were $1.56 million and $1.43 million in the Middle East. When it comes to cybersecurity, not all industries are created equal. Companies need to take note of lessons from the GDPR, as more iterations are expected to pass across the globe in the coming years. Keeping data classification and governance up to par is instrumental to maintaining compliance with data privacy legislation like HIPAA, SOX, ISO 27001 and more. Cyber Security Statistics: Key Takeaways According to hacking statistics, the most commonly used method for hacking accounts is password spraying. Ransomware attacks, data breach, & patient privacy are security concerns that providers should consider. See the data breach statistics below to help quantify the effects, motivations and causes of these damaging attacks. Alex Mason January 20, 2020 March 13, 2020 No Comments on Cybersecurity Statistics for 2020 – Trends, Insights, & More! 69% of companies see compliance mandates driving spending. (, 71% of breaches were financially motivated and 25% were motivated by espionage. Now is the time as the job field and average salary is only projected to grow. In 2020, 99% of security vulnerabilities exploited by hackers will still be the ones known to cybersecurity experts. Cybersecurity issues are becoming a day-to-day struggle for businesses. (, Data breaches exposed 4.1 billion records in the first half of 2019. , making company-wide changes and improving overall security behavior, it’s possible to protect your business from most data breaches. According to the Cyber Security mid-year snapshot’19 report, Cybersecurity budgets have increased by almost 60%. (, Since 2016, the demand for Data Protection Officers (DPOs) has skyrocketed and risen over 700%, due to the GDPR demands. (, Hackers attack every 39 seconds, on average 2,244 times a day. (, 69% of organizations don’t believe the threats they’re seeing can be blocked by their anti-virus software. (Cybercrime Magazine) With annual growth of 12%, sales of cybersecurity products and services are expected to top $124 billion by the end of the year. (, 43% of breach victims were small and medium businesses. Take a free 30-minute demo and see how Varonis can help keep your organization’s name out of data breach news. To improve and raise your Cybersecurity posture and awareness you don’t need to invest endlessly in new security tools. (, Supply chain attacks are up 78% in 2019. 12. (, 51% of businesses experienced denial of service attacks in 2018. The growth is driven by the rise of cybercrime, so this industry is likely to h… (, The most expensive component of a cyber attack is information loss at $5.9 million. (, 56% of Americans don’t know what steps to take in the event of a data breach. (. (, The United States and the Middle East spend the most on post-data breach response. (, The banking industry incurred the most cybercrime costs in 2018 at $18.3 million (Ponemon Institute), The estimated losses in 2019 for the healthcare industry are $25 billion. (, The Equifax breach cost the company over $4 billion in total. (, In 2018, an average of 10,573 malicious mobile apps were blocked per day. Hacktivism and Cyber Warfare account for 1.5% both (they were respectively at 2.5% and 1% in August). In order to give you a better idea of the current state of overall security, we’ve compiled the 110 must-know cybersecurity statistics for 2020. (, 3.9 million is the average cost of a data breach. (, Ransomware damage costs will rise to $11.5 billion in 2019 and a business will fall victim to a ransomware attack every 14 seconds at that time. Some of these most common attacks include phishing, whaling, social engineering, Distributed Denial of Service (DDoS) attacks, malware and ransomware. To put it simply – life on earth has gone online. The increasing amount of large-scale, well-publicized breaches suggests that not only are the number of security breaches going up — they’re increasing in severity, as well. It’s crucial to properly set permissions on files and get rid of stale data. (, Only 5% of companies’ folders are properly protected, on average. More severe consequences are being enforced as stricter legislation passes in regions across the world. Yet, that’s still less often than individuals receive these requests. (, When it comes to cybersecurity, not all industries are created equal. Reducing an enterprise’s Cyber Risk requires a holistic approach: As holistic cybersecurity management and awareness solution, Cyber Observer provides you with real-time insights on your current cybersecurity line-of-defense status behaviour. Looking for cybersecurity talent? (, Including turnover of customers, increased customer acquisition activities, reputation losses and diminished goodwill, the cost of lost business globally was highest for U.S. companies at $4.13 million per company. (Ponemon Institute), 50% of large enterprises (with over 10,000 employees) are spending $1 million or more annually on security, with 43% spending $250,00. 110 Must-Know Cybersecurity Statistics for 2020. Industries that store valuable information like healthcare and finance are usually bigger targets for hackers who want to steal Social Security numbers, medical records and other personal data. (, 65% of groups used spear-phishing as the primary infection vector. (, 100,000 groups in at least 150 countries and more than 400,000 machines were infected by the Wannacry virus in 2017, at a total cost of around $4 billion. of IT decision-makers believe phishing attacks are their top security threat. (Purple Sec) Hackers attack people worldwide roughly every half a minute. Read that again and let it sink in for a minute. In 2020, it’s estimated that businesses will be plagued by ransomware attacks every 14 seconds (yes – 4 times a minute!). Best of luck, it may be necessary to come up with creative. (, 88% companies spent more than $1 million on preparing for the GDPR. The damage related to cybercrime is projected to hit $6 trillion annually by 2021, according to Cybersecurity Ventures. Below is a visual guide of some of the most important facts and figures that shape the cybersecurity field. A: On average, hackers attack 2,244 times a day. Although the reality is challenging, and a future is not promising to be better in terms of cybersecurity threats and malicious attacks, we are here to address your challenges and to help you realize your cybersecurity status, its capabilities and provide you recommendations for improving overall cybersecurity. Best of luck, it may be necessary to come up with creative cybersecurity skills shortage solutions — like outsourcing tasks, starting apprenticeships and partnerships with educational and military institutions to find fresh talent. Data breaches expose sensitive information that often leaves users at risk for identity theft, ruin companies’ reputations and leave the company liable for compliance violations. 99% of attack vectors in 2020 are known to cybersecurity professionals. This involves taking easy-to-guess passwords and going through a list of usernames until the right combination gives access to an account. Rob Sobers is a software engineer specializing in web security and is the co-author of the book Learn Ruby the Hard Way. (. (, 69% of organizations don’t believe the threats they’re seeing can be blocked by their anti-virus software. (, 52% of breaches featured hacking, 28% involved malware and 32–33% included phishing or social engineering, respectively. According to the Cyber Security mid-year snapshot’19 report, Cybersecurity budgets have increased by almost 60%. The year has barely started an it looks to be a big year as far as data leaks is concerned. Cyber attacks continue to grow in both numbers and ferocity — 2019 was just a sign of the things to come. (, The financial services industry takes in the highest cost from cybercrime at an average of $18.3 million per company surveyed. Additionally, recent security research suggests that most companies have unprotected data and poor cybersecurity practices in place, making them vulnerable to data loss. (, The average cost of a malware attack on a company is $2.6 million. For the full list, click the download link above. Worldwide spending on cybersecurity is going to reach $133.7 billion in 2022. (Verizon) 3. In the 2019 DBIR, 94% of malware was delivered by email. (, 1,000 news sources blocked EU readers to avoid the GDPR compliance rules. There’s no question that the situation with cybercrime is dire. (, Weak and Stolen Credentials, a.k.a. With new threats emerging every day, the risks of not securing files is more dangerous than ever, especially for companies. It has been predicted that in 2020, thirty percent of successful cyber attacks will be on the shadow IT resources of organizations. Just a tip. To successfully fight against malicious intent, it’s imperative that companies make cybersecurity awareness, prevention and, For more in-depth security insights check out our. But really, no one is safe because lower-risk industries are also targeted due to the perception that they’ll have fewer security measures in place. (, 68% of business leaders feel their cybersecurity risks are increasing. (. The United States ranks highest with 18.2% of all ransomware attacks. Here are just some of the shocking cybersecurity stats for 2020. (, 52% of breaches featured hacking, 28% involved malware and 32–33% included phishing or social engineering, respectively. (IBM), The average cost of a data breach is $3.92 million as of 2019. Computer viruses and cybersecurity incidents have greatly heightened in severity over the years. and almost always leave the company liable for compliance violations. The number of cyber attacks is now more than five times the number directed at the Organization in the same period last year. Some stand-outs from recent years include the European Union’s 2018 General Data Protection Regulation (GDPR) and California’s 2020 California Consumer Privacy Act (CCPA). Key Takeaways: COVID-19 can already be classified as the largest-ever cybersecurity threat. . The web security and content delivery vendor analyzed UK traffic figures for the past four weeks compared to the previous month and noted a sharp uptick in malicious activity. (, 62% of businesses experienced phishing and social engineering attacks in 2018. (, Between January 1, 2005 and April 18, 2018 there have been 8,854 recorded breaches. (, 15% of breaches involved Healthcare organizations, 10% in the Financial industry and 16% in the Public Sector. (, The total cost of cybercrime for each company increased by 12% from $11.7 million in 2017 to $13.0 million in 2018. (, 18 Russians, 19 Chinese individuals, 11 Iranians and one North Korean were involved in indictments for their alleged state-sponsored espionage against the United States. But really, no one is safe because lower-risk industries are also targeted due to the perception that they’ll have fewer security measures in place. Share of cyber attacks in the Americas, EMEA and APAC in H1 2020, by category Countries with highest ransomware infection rates 2017-2018 Total number of cyber crimes reported in India 2018 Q: What Are the Most Common Types of Cyber Attacks? Attacks will quadruple by 2020. 32% of breaches involved phishing — phishing awareness and education are some of the best ways to decrease risk. Cybersecurity budgeting has been increasing steadily as more executives and decision-makers are realizing the value and importance of cybersecurity investments. (, 60% of cybersecurity professionals aren’t satisfied with their current job. Looking for cybersecurity talent? Additionally, 21% of all data breaches are caused by an error, while 15% have an authorized user’s mistake as the culprit. For more in-depth security insights check out our cybersecurity whitepapers. Keeping, and governance up to par is instrumental to maintaining compliance with data privacy legislation like. As a result, ransomware accounts for a mass amount of the global damage costs of cybersecurity attacks. Every 32 seconds, a hacker attacks someone online. (, It’s predicted that by 2021, 100% of large companies globally will have a CISO position. (, The average cost of a malware attack on a company is $2.6 million. The $6 Trillion Cybercrime Problem (, The average annual security spending per employee doubled, from $584 in 2012 to $1,178 in 2018. (, 17% of all sensitive files were accessible to all employees. We have been compiling a list of relevant cyber-security statistics for you for years now and have decided to update our list with the most alarming cyber security statistics for 2020: 1. (, Ponemon Institute’s 2017 Cost of Data Breach Study, 50% of large enterprises (with over 10,000 employees) are spending $1 million or more annually on security, with 43% spending $250,000 to $999,999, and just 7% spending under $250,000. It’s crucial to have a grasp of the general landscape of metrics surrounding cybersecurity issues, including what the most common types of attacks are and where they come from. (, Including turnover of customers, increased customer acquisition activities, reputation losses and diminished goodwill, the cost of lost business globally was highest for U.S. companies at $4.13 million per company. 28. (, Companies reportedly spent $9 billion on preparing for the GDPR. (, In the GDPR’s first year, there were 144,000 complaints filed with various GDPR enforcement agencies and 89,000 data breaches recorded. Here’s your list of 122 of the most current cybersecurity industry, cyber attack, and data breach statistics for 2020 and beyond (, Trojan horse virus Ramnit largely affected the financial sector in 2017, accounting for 53% of attacks. Only projected to grow button below to see where your vulnerabilities lie 72 % vs. 57 % ) violations... Passes in regions across the world fines totaled $ 63 million in the United States highest., information security Analysts job positions in the US are expected to grow ’ re seeing can be by... 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