As cyber-attacks and data breaches become increasingly common, it’s more important than ever to protect your business and personal devices from growing threats. The $100 million Hull McKnight Georgia Cyber Center (GCC) for Innovation and Training in Augusta, Georgia, marks the single-largest investment in a cybersecurity facility by a state government. Just like many businesses and homes have alarm systems to protect from intruders, the same prevention is necessary to ward off cybercrime. The United States is one of the countries with the highest commitment to cybersecurity, based on the Global Cyber Security Index.In 2019, government … As phishing attempts, malware, identity theft, and huge data breaches increase daily, the world is looking at an epidemic that will only be solved with world-wide action. The statistics we’ve shared show that even though many individuals and companies are aware of cyber threats, their protection is failing due to the continued expansion of attacks. According to KnowBe4, a staggering 94% of all targeted emails use malicious file attachments as the primary vector to further propagate their cyberattacks. 86% of UK businesses experience a phishing attack in 2020. Cybersecurity frameworks provide the structure and methodology you need to protect your important digital assets. Capgemini company found that different telecom industry has the highest reported incidence of losses that exceed $50 M and makes AI a priority for preventing costly braches in the industry. According to the FBI’s Internet Crime Complaint Center (IC3), the total number of cybercrimes reported in the United States only makes up about 10-12% of the actual number of crimes. The $6 trillion to total up to as damage spent on cybersecurity, could be a result of many important reasons, namely the rise in cyber threats, along with governments raising awareness about them. Kickstart your IT cybersecurity strategy with this free introductory eBook on best practices, common threats, and security frameworks! Released 3 April 2019 Nicolas Poggi is the head of mobile research at Prey, Inc., provider of the open source Prey Anti-Theft software protecting eight million mobile devices. 12. Most of the USA based enterprises are giving significant priority to AI-based cybersecurity applications in combating cyber-attacks. Learn how malicious actors can leverage attacks to gain unauthorized access to private data, which they then weaponize. Bearing witness to this are the findings of a study by the University of Sydney, which stated that $76 billion of all illegal activities involve bitcoin, which equates to the entire unlawful market for the drug trade in the United States and Europe. PwC Cyber Security 32 Glossary 33 PwC | Cyber Threats 2019: A Year in Retrospect | 3 Introduction 2018 marked a year of audacity, with nation states becoming more brazen in their attacks and intelligence agencies around the world calling out other governments’ cyber activity. According to the Cyber Security mid-year snapshot’19 report, Cybersecurity budgets have increased by almost 60%. As cyber-attacks and data breaches become increasingly common, it’s more important than ever to protect your business and personal devices from growing threats. As a result, cybercriminals are now emboldened with new technology that makes data breach attacks easier and more accessible. According to Juniper research the amount in 2019 was $2 trillion. (, The Equifax breach cost the company over $4 billion in total. As we mentioned above, the rise in cybercrimes and security loopholes has resulted in many companies investing in the cybersecurity market. As there are more threats rotating online, companies are investing a lot in cyber security and in giving training to employees, mainly regarding online scams and ransomware attacks. Explained. However, with the drastic revolution in the digital realms, vulnerabilities in security have gone from physical to cyber. (, 43 percent of cyber attacks are aimed at small businesses. (, The number of mobile crypto-jacking malware variants grew from 8 variants in 2017 to 25 variants by May 2018 – making a 3x increase. (, The total cost of a successful cyber attack is over $5 million, or $301 per employee. 10 staggering cybersecurity statistics for 2019. Understanding the state of cybersecurity is important to protect yourself, your family, and your businesses from digital threats. By the end of 2020, security services are expected to account for 50% of cybersecurity budgets. However, a surprising aspect of the $6 trillion figure is that it exceeds the damages of the ever-booming illegal drug market. The first steps are staying educated on current threats and investing in device security. However, not all hackers are created equal. (Oath.com)Click To Tweet 2. According to Cybersecurity Ventures, who cited Gartner, Inc., the cybersecurity market is expected to grow to $124 billion by 2020, and then to a whopping $170.4 billion by 2022. Nobody, no matter how much money and effort they are pouring into cyber security products and technologies, feel that they are safe. Instead of going for the apparent victims, which includes organizations on an industrial scale, these attacks target the lowest rung on the ladder- small businesses. More than 76 percent of cyber attacks are financially motivated. (, 91% of cyberattacks begin with a spear-phishing email, which is commonly used to infect organizations with ransomware.. (, In a survey of over 1,300 IT decision-makers, 56% of organizations identified targeted phishing attacks as their biggest current cybersecurity threat. The global expense for organizations to protect their systems from cybercrime attacks will continue to grow. We thought it would be worth highlighting ten of the most significant cybersecurity statistics of the year so far. What Are Cyber Threats and What to Do About Them, Cybersecurity Frameworks 101 - The Complete Guide, Top 5 Current Cyber Threats in 2020: Malware, Phishing, Ransomware. Source: Consumers in the Crosshairs (Black Hat USA) Last year, the figure was 59%. … Cybercrime will cost as much as $6 trillion annually by 2021. Online threats are varied and they don't discriminate organizations from individuals when looking for a target. The last statistic that we have on our list might come across as surprising to some, but if you’ve read everything mentioned before this- not so much. The first steps are staying educated on current threats and investing in device security. Perhaps, more alarming is the fact that 60% of these small companies go out of business after they are hit with a cyber-attack! Often considered to be the epicenter of all technological growths, this next statistic comes as a surprise. let’s close with some malware statistics. Perhaps even scarier is another revelation brought forth in the ACR, which states that the 14 seconds it takes in 2019 will drop to 11 seconds by 2021. 9. Unlike other industries, the cybersecurity market thrives in response to cybercrimes, which are rapidly increasing, partially due to the continuous advancements being made in technology. (, It takes most companies over six months, or around 197 days to detect a data breach. (, Damage related to cybercrime is projected to hit $6 trillion annually by 2021. Here are ten cybersecurity statistics that emphasize on the importance of being safe, for 2019. (, The most expensive component of a cyber attack is information loss, which represents 43 percent of costs. Another rather shocking statistic concerning phishing is the fact that 30% of all phishing emails are opened by the recipients they were intended for, as reported by Verizon. (, 75% of organizations infected with ransomware were running up-to-date endpoint protection. An even more shocking aspect to the revelations made by software firm Trend Micro is the fact that approximately 91% of all cyber-attacks are initiated through a seemingly harmless spear-phishing attack. Discover these eye-opening cyber attack and cyber security trends and statistics and learn what they'll mean for your business in the next 12-24 months. In 2019, the frequency, sophistication, and cost of cyber attacks have hit a fever pitch. Freedom of Information | Released on 28 February 2020 Cyber crime in the UK . Since we’re using the most current information available — most of the data comes from 2019 and 2020 reports, studies, and news reports — it’s been a pretty massive undertaking. (, Kaspersky’s Anti-Phishing system was triggered 246,231,645 times in 2017. (, 76% of businesses reported being a victim of a phishing attack in the last year. According to the ACR, businesses will be susceptible to a ransomware attack every 14 seconds. This year, we wanted to up the ante and increased the number of cyber security statistics we report from 80 to 126. Nearly two-thirds of security professionals in a survey of attendees at Black Hat USA 2019 that believe their organization will have to respond to at least one major cybersecurity breach over the next 12 months. According to Panda Security, hackers had a field day, or a field year back in 2015, as they created a total of 84 million new malware samples, which equates to a whopping 230,000 malware samples being invented daily. Cybersecurity methods protect against the multitudes of digital threats that come to individuals and businesses. The good news is, this number is down compared to 2019 (30). (, Windows is the most targeted platform by hackers; Android is number two. (and Privacy Policies too). (Forbes) 2. During the first half of 2019, around 3,800 cyber attacks that led to a data breach were reported. The majority of the 4.1 billion exposed records, or around 3.2 billion, were exposed in just 8 of these events. We use cookies to ensure that we give you the best experience on our website. According to Symantec, 43% of all cyberattacks target small businesses and organizations. CybSafe cited phishing as the primary cause of breaches in 2019, accounting for 45% of all reports to the ICO. (, The global damage costs connected with ransomware attacks is estimated to reach $11.5 billion in 2019. As there are more threats rotating online, companies are investing a lot in cyber security and in giving training to employees, mainly regarding online scams and ransomware attacks. Which Is The Best Password Manager For Mac? Here are ten cybersecurity statistics that emphasize on the importance of being safe, for 2019. The world of digital security is continuously changing and evolving, making it important to understand the current landscape to protect your devices from malware. 11. (Source: Cyber Security Breaches Survey) Are we experiencing a change in trends and methods of attack too? This is further reinstated by Cybint, which states that almost 60%  of companies have experienced cybercrime in the form of phishing or social engineering attacks, to name a few. ^ Cyber Security Market Size ^ Global Cybersecurity Spending Predicted To Exceed $1 Trillion From 2017-2021 ^ Size of the cybersecurity market worldwide, from 2017 to 2023 ^ Worldwide Spending on Security Solutions Forecast to Reach $103.1 Billion in 2019 ^ 2018 Cybercrime Statistics: A closer look at the “Web of Profit” Since the National Cyber Security Centre (NCSC) was created in 2016 as part of the government’s five-year National Cyber Security Strategy, it has worked to make the UK the safest place to live and work online. Cyber security stats reveal that there were almost 145 million new malware samples in 2019. According to cyber security statistics 75% of users expect the number of attacks targeting money or data to grow in 2020. (, 230,000 new malware samples are produced every day — and this is predicted to only keep growing. (, The information security market is expected to grow 8.7% in 2019 to $124bn, driven in part by spending on consultation and implementation services related to the European Union’s (EU’s) General Data Protection Regulation (GDPR) and other privacy legislation. Find out which framework best suits your needs! Top cybersecurity facts, figures and statistics for 2020 From malware trends to budget shifts, we have the latest figures that quantify the state of the industry. Computer Weekly) The total cost of a successful cyber attack is over $5 million, or $301 per employee. Fast forward to 2019, and the number of malware samples being created is only expected to flourish. ‘Unauthorized access’ was the next most common cause of cyber-breaches in 2019, with reports relating to malware or ransomware, hardware/software misconfiguration and brute force password attacks also noted. And it’s trying to hit as many targets as possible. Need help taking the first steps towards securing your devices? As estimated by Cybersecurity Ventures, cybercrime will cost the world upwards of $6 trillion by the year 2021. 7. It is calculated that by 2027, global spending on cyber security will be $10 billion. The need for cybersecurity is fueled by the threat of hackers that compromise important data and systems. Here are some of the cyber security statistics relating to the costs of cybercrime and cyber security attacks: 14 – Cybercrime damages to reach $6 trillion annually Cybercrime damages are anticipated to cost businesses and organizations $6 trillion annually by 2021, according to the 2019 ACR from Cybersecurity Ventures. Use the statistics we’ve shared to plan how you will prevent the growing number of threats in 2020. Learn more about the different solutions you can implement as a first barrier. Advancements in technology led to the creation of Bitcoin, which rendered a system that enabled the exchange of digital currency, with the added perk of making those transactions with anonymity. Statistics on how many cyber attacks per day show that DDoS cyber attacks increased by 180% between 2018 and 2019. Cybercrime is estimated to be a $1.5 trillion industry, with some countries now basing their economy around cybercrime. Here are the 2019 cybersecurity statistics that scare me right now: 1. National Cyber Security Centre 3 Annual Review 2019 Welcome Since the National Cyber Security Centre (NCSC) was created in 2016 as part of the government’s five-year National Cyber Security Strategy, it has worked to make the UK the safest place to live and work online. The average cost of a data breach has risen to $3.86 million, with the cost of each data record breached weighing in at $148. The figure $6 trillion has doubled up from the $3 trillion damage predicted back in 2015. In retrospect, these infected emails fall under the category of spear-phishing since the emails are designed in such a way to target particular names, job titles, and companies rather than the generalized approach most phishing attacks take to cater to as many naïve email users as possible. It makes sense: it’s lucrative. (, By 2020, the number of passwords used by humans and machines worldwide is estimated to grow to 300 billion. Cybersecurity is meant for any kind of organization. 1. Let’s dig into what cybersecurity is and why it’s so important. Cyber Security Statistics: Key Takeaways. If this is the case for a country as developed as the U.S, one can only assume how bad the situation must be in underdeveloped countries, with access to the emerging internet. What about malware? With that being said, the potential targets of these cyber crimes have also changed. This does not include attacks on individuals, which occurs even more frequently than businesses. Stay up to date with this year’s malicious trends to ensure your business’ infrastructure isn’t caught off guard. (Varonis) Cyber crime statistics by year reflect that the instances of security breaches have risen by 11% since 2018 and 69% since 2015. But given current cybercrime trends, I’m afraid we will look back on this list with nostalgia by the time 2020 rolls in. In 2017, 412 million user accounts were stolen from Friendfinder’s sites. Frequently, these malware attacks in the user losing their sensitive data, such as credit card and social security numbers. (Uber) 3. Cyber-Security Statistics – Facts & Figures in 2019 With the World Wide Web hosting more than 2 billion websites presently, there’s no use denying the notion that the cybersecurity climate today is entirely different from the humble origins of the internet in 1989. The significant growth and dominant share of … Marketplace, and the types of hackers cover their tracks by using encryption small and. 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