GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Cosmetics Industry Statistics

Statistics show that the cosmetics industry is increasingly becoming a target for cyberattacks, with the expectation of continued growth in cybersecurity incidents and breaches in the future.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the significant impact of cybersecurity threats on the cosmetics industry. With the global cosmetics market reaching $380.2 billion in 2020 and a growing online presence, the sector has become a prime target for cyberattacks. From social engineering and phishing incidents to data breaches and email scams, the industry faces a multitude of challenges in safeguarding consumer trust and data privacy. Stay tuned to learn more about the evolving landscape of cybersecurity in the cosmetics sector.

Statistic 1

"As of 2020, the global cosmetics industry was worth $380.2 billion with a penetration rate of 56.5% in the online segment."

Statistic 2

"The cosmetics industry witnessed a 49% increase in cyberattacks amidst the COVID-19 pandemic, as consumer behavior pivoted to online purchasing."

Statistic 3

"Approximately 90% of the cybersecurity incidents in the beauty industry involved social engineering and phishing attacks in 2020."

Statistic 4

"As per a 2018 survey, about 48% of manufacturers in the cosmetics industry had suffered a cybersecurity attack."

Statistic 5

"In 2020, E-skimming attacks, where hackers steal credit card and customer data, rose by 26% in the beauty industry."

Statistic 6

"Cyber attacks on cosmetics retailers led to a 75% increase in email phishing scams directed at their customers in 2019."

Statistic 7

"Personalized beauty brands experienced a 20% increase in data breaches in 2019, due to the wealth of personal data they retain."

Statistic 8

"As of 2021, data privacy laws forced 40% of cosmetics brands to update their digital platforms to increase security."

Statistic 9

"35% of consumers lost trust in cosmetics brands due to the inadequate response to cybersecurity incidents, as per a 2020 survey."

The statistics presented reveal the significant impact of cyberattacks on the cosmetics industry, particularly in the realm of data breaches, phishing attacks, and e-skimming incidents. With the industry witnessing a surge in online consumer behavior, there is a pressing need for enhanced cybersecurity measures to protect sensitive customer data. The statistics also highlight the importance of proactive security protocols and compliance with data privacy laws to rebuild consumer trust, as inadequate responses to cybersecurity incidents have led to a loss of confidence among a substantial portion of consumers. Moving forward, prioritizing cybersecurity investments and staying updated on evolving threats will be essential for cosmetics brands to safeguard their digital platforms and customer information.