GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Cosmetic Industry Statistics

Cybersecurity incidents in the cosmetic industry are on the rise, with a significant increase in data breaches and cyberattacks targeting sensitive information.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the critical topic of cybersecurity within the cosmetic industry through a statistical lens. With cyberattacks on the rise, it is evident that cosmetic companies face significant challenges in safeguarding sensitive data and maintaining consumer trust. By delving into key statistics surrounding cyber threats, budget allocations, consumer perceptions, and industry trends, we aim to shed light on the pressing need for robust cybersecurity measures in the beauty and personal care sector.

Statistic 1

"Cyberattacks in the beauty and personal care industry increased by 17% in 2022."

Statistic 2

"79% of cyberattacks on cosmetic companies target customer databases."

Statistic 3

"62% of cosmetic brands plan to increase their cybersecurity budgets by more than 20% in the next fiscal year."

Statistic 4

"68% of beauty companies have faced ransomware attacks in the last two years."

Statistic 5

"91% of all cyberattacks in the cosmetic sector involve some type of phishing."

Statistic 6

"48% of all cyberattacks on cosmetic companies in 2021 utilized outdated software vulnerabilities."

Statistic 7

"About 55% of cybersecurity professionals in the cosmetic industry lack specialized training."

Statistic 8

"Only 30% of cosmetic brands have implemented multi-factor authentication."

Statistic 9

"82% of consumers trust cosmetic brands that are transparent about their data protection policies."

Statistic 10

"Since 2020, investment in AI-driven cybersecurity solutions in the cosmetic industry has increased by 45%."

Statistic 11

"Nearly 70% of small cosmetic brands have no dedicated cybersecurity team."

Statistic 12

"77% of consumers consider the security of their personal data as a significant concern when shopping for cosmetics online."

Statistic 13

"Over 60% of cosmetic brands are investing more in cybersecurity following the pandemic."

Statistic 14

"Every week, cosmetic companies face an average of 1,000 potential cyber threats."

Statistic 15

"The cosmetic industry's average cost of a data breach is about $3.5 million."

Statistic 16

"Cosmetic firms that have experienced breaches report a 25% drop in consumer trust."

Statistic 17

"Approximately 40% of cosmetic companies experienced data breaches between 2018 and 2021."

Statistic 18

"GDPR non-compliance results in fines for about 35% of cosmetic companies handling EU consumer data."

Statistic 19

"Cosmetics companies allocate approximately 12% of their IT budget specifically to cybersecurity measures."

Statistic 20

"Multi-channel cosmetic retailers report 33% fewer cyberattacks compared to online-only retailers."

In conclusion, the cosmetic industry is increasingly becoming a target for cyberattacks, with a notable rise in incidents over recent years. The majority of attacks target customer databases, highlighting the critical need for robust cybersecurity measures. Despite this, a significant percentage of cosmetic companies lack adequate cybersecurity training and essential protocols such as multi-factor authentication. The industry is responding by increasing cybersecurity budgets, investing in AI-driven solutions, and enhancing transparency around data protection policies. Consumer trust is at stake, with breaches leading to a decline in trust levels. It is clear that proactive cybersecurity strategies are imperative for cosmetic companies to safeguard sensitive data and maintain consumer confidence in an environment rife with 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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