GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Beef Industry Statistics

Cybersecurity incidents in the beef industry are on the rise, with a significant percentage of companies reporting data breaches and financial losses.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the critical importance of cybersecurity in the beef industry, a sector that is increasingly vulnerable to cyber threats. With statistics highlighting the risks faced by agriculture and food sectors worldwide, it becomes evident that beef producers must prioritize cybersecurity measures to safeguard their operations and data from potential breaches.

Statistic 1

"The Department of Homeland Security identified the Agriculture and Food sector as one of 16 critical infrastructure sectors that must protect themselves against cyber threats."

Statistic 2

"Agriculture instruments, such as automatic feeders, temperature and humidity sensors, and milking equipment all have a risk of cyber-attack. This can be applied to the beef industry as well."

Statistic 3

"More than 20% of all cyber incidents which occurred in Australia in June 2020 were targeted at the food and agriculture sector, underlining the cybersecurity risk."

Statistic 4

"In a survey, 58% of employees in the agriculture sector were found to have poor cybersecurity habits, indicating a potential vulnerability in the industry."

Statistic 5

"Almost 40% of industrial computers worldwide, which can include those used in the agricultural sector, were subjected to malicious cyber activities in 2H 2018, according to a Kaspersky report."

Statistic 6

"Only 12% of European agri-food companies have a high level of cybersecurity maturity, according to a European Union report."

Statistic 7

"According to a joint report from IBM and the Ponemon Institute, the average cost of a data breach in 2020 was $3.86 million. This financial damage could also impact the beef industry if they are not sufficiently prepared for cyber attacks."

Statistic 8

"The global cyber security market size was valued at USD 167.13 billion in 2020 and is expected to register a CAGR of 10.9% from 2021 to 2028, indicating increasing demand in all sectors including the beef industry."

The statistics presented show a pressing need for increased cybersecurity measures in the beef industry, as well as the broader agriculture and food sectors. With a significant number of cyber incidents targeting this industry and a large percentage of employees exhibiting poor cybersecurity habits, there is a clear vulnerability that must be addressed. The financial repercussions of data breaches further highlight the importance of investing in cybersecurity measures. As the global cybersecurity market continues to grow, it is crucial for beef industry players to prioritize their cybersecurity maturity to protect their operations and data from potential cyber threats.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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