The Latest Cybersecurity In The Cpg Industry Statistics Explained
According to the CPG industry report, almost 31% of all cyber attacks are perpetrated against the CPG industry.
The statistic states that approximately 31% of all cyber attacks are targeted at the Consumer Packaged Goods (CPG) industry, as reported in a CPG industry report. This implies that the CPG sector is a significant target for cyber criminals seeking to exploit vulnerabilities and steal sensitive information or disrupt operations within companies in this industry. The high percentage of cyber attacks against the CPG industry could be attributed to various factors such as the valuable consumer and financial data that these companies possess, the reliance on digital technologies and supply chain networks, and the potential for monetary gains through ransomware or intellectual property theft. Understanding this statistic is crucial for CPG companies to invest in robust cybersecurity measures to safeguard their systems, data, and reputation from cyber threats.
As per a Symantec report, over 43% of CPG companies have experienced a cyber-incident.
The statistic states that according to a report by Symantec, more than 43% of consumer packaged goods (CPG) companies have been affected by a cyber-incident. This finding highlights the significant threat that cyber-attacks pose to the CPG industry. Such incidents can result in various consequences including data breaches, financial losses, reputational damage, and disruption of operations. The statistic underscores the importance for CPG companies to prioritize cybersecurity measures and invest in robust defenses to safeguard their data, systems, and customers from potential threats in the increasingly digital landscape.
Accenture’s report mentions that the CPG industry is expected to incur a loss of $5.2 trillion globally due to cybercrime by 2024.
The statistic from Accenture’s report highlights the projected impact of cybercrime on the consumer packaged goods (CPG) industry, estimating a substantial loss of $5.2 trillion globally by 2024. This figure underscores the significant financial risks and vulnerabilities faced by CPG companies as they navigate the increasingly complex and sophisticated landscape of cyber threats. The potential magnitude of this loss serves as a stark reminder of the critical importance for organizations within the CPG industry to invest in robust cybersecurity measures and strategies to safeguard their assets, data, and reputation against cybercriminal activities that could have detrimental consequences on their operations and financial well-being.
Statista reports reveal that 64% of CPG businesses experienced a phishing or social engineering attack in 2020.
The statistic from Statista indicates that in 2020, 64% of consumer packaged goods (CPG) businesses were targeted by phishing or social engineering attacks. This suggests that the majority of CPG companies faced cybersecurity threats aimed at obtaining sensitive information through deceptive tactics. Phishing and social engineering attacks are common techniques used by cybercriminals to manipulate individuals into divulging confidential information such as login credentials or financial data. The high percentage of CPG businesses affected underscores the importance of robust cybersecurity measures and employee training to mitigate such risks and protect against potential breaches that could compromise data security and business operations.
McAfee states that ransomware incidents have increased by 40% in 2020 in the CPG industry.
The statistic provided by McAfee indicates that there has been a significant rise in ransomware incidents within the Consumer Packaged Goods (CPG) industry during the year 2020. Specifically, the data suggests that the frequency of ransomware attacks has surged by 40% compared to previous years. Ransomware attacks involve malicious software that encrypts a victim’s data, holding it hostage until a ransom is paid. This increase in ransomware incidents within the CPG industry signifies a growing threat to companies operating in this sector, emphasizing the importance of strengthening cybersecurity measures to protect sensitive data and mitigate potential financial losses and reputational damage associated with such attacks.
As per IBM, the average time to identify a breach in the CPG industry is about 197 days.
The statistic provided by IBM indicates that in the Consumer Packaged Goods (CPG) industry, it takes approximately 197 days on average to identify a breach. This suggests a significant lag time between the occurrence of a breach and its detection within CPG companies. Such delays can pose serious cybersecurity risks and financial implications for organizations in this industry, as cyber threats may go undetected for an extended period, allowing potential attackers to access sensitive data and cause further harm without immediate intervention. Companies in the CPG sector may need to strengthen their cybersecurity measures and implement more robust monitoring and detection systems to shorten the time taken to identify breaches and enhance overall data security.
Barracuda Networks report notes that 51% of organizations in the CPG sector have experienced an increase in email spoofing activities.
The statistic from Barracuda Networks report indicates that 51% of organizations in the Consumer Packaged Goods (CPG) sector have observed a rise in email spoofing activities. Email spoofing is a type of cyberattack where malicious actors impersonate a legitimate sender to deceive recipients into sharing sensitive information or take malicious actions. The fact that over half of the CPG organizations have seen an uptick in email spoofing suggests that this sector is increasingly becoming a target for such fraudulent activities. This underscores the importance of implementing robust cybersecurity measures to protect the data and integrity of organizations operating in the CPG industry.
Juniper’s research states that cybersecurity spend in the CPG sector would exceed $12 billion by 2023.
The statistic implies that according to research conducted by Juniper, the consumer packaged goods (CPG) sector is projected to significantly increase its investment in cybersecurity measures in the coming years. Specifically, the research estimates that by the year 2023, the CPG sector is expected to spend more than $12 billion on cybersecurity to protect its digital assets and data from cyber threats. This indicates a growing recognition within the industry of the importance of robust cybersecurity practices to safeguard sensitive information, mitigate risks, and maintain the trust of both consumers and stakeholders.
Fortinet reveals that 93% of CPG companies have made budget allocation towards cybersecurity due to fear of reputational damage.
The statistic from Fortinet indicates that the majority, specifically 93%, of consumer packaged goods (CPG) companies have dedicated a portion of their budget towards cybersecurity measures in order to protect their reputation. This data suggests that CPG companies are increasingly recognizing the importance of safeguarding their digital assets in response to potential cyber threats that could jeopardize their brand image. By investing in cybersecurity, these companies aim to mitigate risks and ensure the security of their systems and data, reflecting a proactive approach towards safeguarding their reputation and maintaining trust with their customers and stakeholders.
Cybersecurity Ventures report mentions that damages from cybercrime are expected to reach $6 trillion annually by 2021 across all industries including CPG.
The statistic from the Cybersecurity Ventures report stating that damages from cybercrime are projected to reach $6 trillion annually by 2021 is a significant and alarming prediction for all industries, including the Consumer Packaged Goods (CPG) sector. This figure underscores the growing threat of cybercrime and the potential financial impact it can have on organizations worldwide. As technology continues to advance and businesses rely more heavily on digital platforms and data, the risk of cyber attacks has increased exponentially. The forecasted damages highlight the critical need for companies, including those in the CPG industry, to prioritize robust cybersecurity measures to protect their sensitive information, reputation, and financial assets from malicious actors operating in the cyber landscape.
As per Cisco’s Annual Cybersecurity report, malware attacks make up 38.92% of all cyber threats in the CPG industry.
The statistic that malware attacks make up 38.92% of all cyber threats in the Consumer Packaged Goods (CPG) industry, as reported by Cisco’s Annual Cybersecurity report, indicates that a significant portion of cyber threats faced by CPG companies are related to malicious software designed to disrupt, damage, or gain unauthorized access to computer systems. Malware attacks can result in financial losses, data breaches, and reputational damage for organizations operating in the CPG sector. This statistic highlights the importance of robust cybersecurity measures and continuous vigilance to protect against and mitigate the risks posed by malware attacks in the CPG industry.
Check Point’s research shows that every 39 seconds, there is an attack on web-connected device in organizations, including the CPG industry.
This statistic from Check Point’s research highlights the frequency and prevalence of cyberattacks on web-connected devices within organizations, specifically including the consumer packaged goods (CPG) industry. The statistic indicates that these attacks occur at a remarkably high rate of every 39 seconds, emphasizing the constant and ongoing threat that organizations face in safeguarding their digital assets. This rapid pace of attacks underscores the importance of robust cybersecurity measures to protect sensitive information, prevent data breaches, and mitigate potential financial and reputational risks associated with cyber threats in today’s interconnected digital landscape.
As per Rapid7’s Industry Cyber-Exposure report, 84% of CPG companies have external systems exposed on the internet.
The statistic from Rapid7’s Industry Cyber-Exposure report indicates that a significant majority, specifically 84%, of Consumer Packaged Goods (CPG) companies have external systems that are accessible on the internet. This suggests that a large portion of the CPG industry may be vulnerable to potential cybersecurity threats and attacks from external sources. Having systems exposed on the internet can pose risks such as unauthorized access, data breaches, and other cyber vulnerabilities that could have detrimental impacts on the organizations within the CPG sector. It highlights the importance for CPG companies to prioritize cybersecurity measures and strategies to protect their online assets and data from potential attacks.
Report by Cyberint states that 27% of all cyberattacks in the CPG sector are linked to financial motives.
The statistic from the report by Cyberint stating that 27% of all cyberattacks in the Consumer Packaged Goods (CPG) sector are driven by financial motives implies that a significant proportion of cybercriminal activities within this industry are done with the intent of gaining financial benefits. This statistic suggests that cybercriminals specifically target companies in the CPG sector to carry out activities such as data breaches, ransomware attacks, or financial fraud in order to exploit vulnerabilities and profit financially. The findings signal a critical need for enhanced cybersecurity measures within the CPG industry to protect sensitive data, customer information, and financial assets from malicious cyber threats.
Research by SecureWorks indicates that Point of Sale (PoS) compromises make up 42% of attacks in the CPG sector.
The statistic implies that according to research conducted by SecureWorks, a significant portion of cyber attacks targeting the Consumer Packaged Goods (CPG) sector specifically involve Point of Sale (PoS) compromises, accounting for 42% of all attacks. This suggests that PoS systems within CPG companies are particularly vulnerable to security breaches, potentially exposing sensitive consumer payment data and leading to financial losses and reputational damage. As such, CPG organizations should prioritize enhancing the security measures surrounding their PoS systems to mitigate the risks associated with such attacks and safeguard customer trust and company assets.
According to Kaspersky, 52% of businesses in the CPG sector recognize malware as an increasing threat.
The statistic suggests that a majority of businesses within the Consumer Packaged Goods (CPG) sector, specifically 52%, acknowledge and are aware of malware as a growing threat to their operations. This indicates that these businesses are conscious of the risks associated with malicious software and the potential harm it can cause to their systems, data, and overall business security. By recognizing malware as an increasing threat, these businesses may be more inclined to invest in cybersecurity measures and adopt proactive strategies to mitigate the risks posed by cyber attacks, ultimately aiming to safeguard their operations and data from potential breaches.
Research by Radware shows that data theft and breaches has cost CPG companies an average of $4 million per incident.
The statistic indicates that CPG (Consumer Packaged Goods) companies are facing significant financial losses due to data theft and breaches, with an average cost of $4 million per incident. This research conducted by Radware highlights the severe impact of such cybersecurity incidents on companies operating in the consumer goods industry. The costs associated with data breaches include expenses related to investigation, remediation, legal fees, regulatory fines, and potential loss of revenue and market trust. The findings underscore the importance for CPG companies to prioritize cybersecurity measures to protect their sensitive data and mitigate the substantial financial risks posed by cyberattacks.
According to EY’s Global Information Security Survey, around 77% of CPG companies do not have a formal cybersecurity incident response plan across their organization.
The statistic implies that a significant majority of Consumer Packaged Goods (CPG) companies have not put in place a formal cybersecurity incident response plan throughout their organization. This lack of preparedness leaves these companies vulnerable to cyber attacks and breaches, which can have severe consequences such as data breaches, financial losses, reputational damage, and legal repercussions. Without a structured plan in place to effectively respond to cybersecurity incidents, CPG companies may struggle to contain the impact of such threats, potentially causing disruption to their operations and creating distrust among customers and stakeholders. This statistic highlights the pressing need for CPG companies to prioritize cybersecurity measures and invest in developing robust incident response strategies to safeguard their sensitive data and maintain business continuity.
References
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