The Latest Cybersecurity In The Distribution Industry Statistics Explained
Approximately 43% of cyber attacks target small businesses in distribution.
The statistic that approximately 43% of cyber attacks target small businesses in distribution suggests that a substantial proportion of cyber threats are directed at this specific sector. This poses a significant risk to small businesses operating in distribution as they may be more vulnerable to cyber attacks due to potentially limited resources and less sophisticated security measures compared to larger enterprises. The targeted nature of these attacks highlights the importance for small businesses in the distribution industry to prioritize cybersecurity efforts and invest in robust defense mechanisms to mitigate the risks associated with cyber threats. By acknowledging this statistic, businesses can better understand the specific cyber risks they face and take proactive measures to enhance their cybersecurity posture.
According to a Clark School study at the University of Maryland, a cyber attack hits the distribution sector every 39 seconds on average.
The statistic provided from the Clark School study at the University of Maryland indicates that the distribution sector is highly vulnerable to cyber attacks, with an average of one attack occurring every 39 seconds. This frequency highlights the significant and persistent threat that cyber attacks pose to the distribution sector, which includes industries such as transportation, logistics, and supply chain management. The study suggests that organizations operating within this sector need to prioritize cybersecurity measures to protect their systems and data from malicious activities that can lead to service disruptions, financial losses, and reputational damage. The alarming rate of cyber attacks underscores the importance of ongoing monitoring, preparedness, and investment in robust cybersecurity defenses to mitigate risks and safeguard critical infrastructure within the distribution sector.
The distribution industry sees average business disruption costs due to a cyber attack as roughly $1.9 million.
The statistic that the distribution industry experiences an average of $1.9 million in business disruption costs from a cyber attack indicates the financial impact of such attacks on businesses within this sector. This figure represents the direct costs incurred by disruptions in operations, loss of revenue, as well as expenses associated with mitigating the effects of the cyber attack. The significance of this statistic underscores the susceptibility of the distribution industry to cyber threats and highlights the importance of implementing robust cybersecurity measures to safeguard against potential financial losses and reputational damage.
In the USA, 62% percent of small businesses lack an incident response plan for a cybersecurity breach.
This statistic indicates that a significant portion, specifically 62%, of small businesses in the USA do not have an incident response plan in place to address cybersecurity breaches. An incident response plan is a crucial component of cybersecurity preparedness as it outlines the steps to take in the event of a security incident to minimize damage, recover quickly, and maintain business continuity. The absence of such a plan exposes these businesses to potentially severe consequences, including financial loss, reputation damage, and legal implications. Therefore, there is a pressing need for these small businesses to prioritize cybersecurity measures and establish incident response plans to safeguard their operations and data against cyber threats.
50% of companies in the U.S distribution industry have experienced a supply chain attack.
The statistic “50% of companies in the U.S distribution industry have experienced a supply chain attack” means that half of the companies operating in the distribution sector in the United States have encountered a security breach on their supply chain network. A supply chain attack occurs when malicious actors target vulnerabilities within a company’s supply chain, aiming to disrupt operations, steal sensitive information, or cause financial harm. This statistic highlights the significant threat that supply chain attacks pose to companies in the distribution industry, underscoring the importance of robust cybersecurity measures and proactive risk management strategies to safeguard against such attacks and protect valuable assets and data.
92.4% of malware is delivered via email in the distribution sector.
The statistic ‘92.4% of malware is delivered via email in the distribution sector’ indicates that a vast majority of malicious software, such as viruses, trojans, and ransomware, is disseminated through email within the distribution industry. This suggests that email poses a significant threat vector for cyber attacks targeting organizations operating in the distribution sector. It highlights the importance of implementing robust email security measures, employee training on recognizing phishing attempts, and deploying advanced malware detection technologies to mitigate the risks associated with email-based malware threats in the distribution industry. Organizations should prioritize cybersecurity measures to safeguard their systems and sensitive data from potential cyber attacks originating from malicious emails.
As per reports, half of all cyber attacks are aimed at manufacturing and distribution.
The statistic highlights that manufacturing and distribution industries are prime targets for cyber attacks, with approximately 50% of all cyber attacks being directed towards this sector. This indicates a significant vulnerability within the manufacturing and distribution supply chains, likely due to the valuable data and assets they handle. As a result, organizations operating in these industries need to prioritize cybersecurity measures to protect their systems, assets, and sensitive information from potential threats. Implementing robust cybersecurity protocols, staying informed about the latest cybersecurity trends, and investing in staff training can help mitigate the risks associated with cyber attacks in the manufacturing and distribution sectors.
The distribution industry dedicates only 5-7% of their IT budget to cybersecurity.
The statistic stating that the distribution industry allocates only 5-7% of their IT budget to cybersecurity highlights a potential area of concern for the industry’s overall security posture. This indicates that a relatively small percentage of financial resources are being directed towards safeguarding critical data, systems, and infrastructure from cyber threats. Given the increasing frequency and sophistication of cyberattacks targeting businesses across various sectors, including distribution, this allocation may leave the industry vulnerable to potential data breaches, financial losses, and reputational damage. It underscores the importance of recognizing cybersecurity as a crucial investment to protect against evolving threats and emphasizes the need for organizations within the distribution industry to consider reassessing their budget priorities to strengthen their cybersecurity defenses.
The distribution sector reports that 94% of malware was delivered via email.
The statistic stating that the distribution sector reports 94% of malware was delivered via email indicates that email is a significant source of malware infections. This statistic highlights the importance of email security measures in preventing cyber threats such as malware. It signifies that a large majority of malicious software is introduced into systems through email communications, emphasizing the need for organizations to implement robust email filtering, encryption, and user awareness training to mitigate the risks associated with malware attacks. By recognizing the prevalence of email as a vector for malware distribution, businesses and individuals can better prioritize cybersecurity measures to safeguard their sensitive information and systems from potential threats.
According to Cybersecurity Ventures, ransomware costs in the distribution sector will rise to $20 billion annually by 2021.
The statistic from Cybersecurity Ventures predicts that the costs associated with ransomware attacks within the distribution sector are expected to increase significantly to $20 billion per year by 2021. This estimate highlights the rising threat of ransomware, a type of malicious software that blocks access to a computer system or data until a ransom is paid, within the distribution industry specifically. The projected escalation in costs underscores the importance for companies in this sector to prioritize cybersecurity measures and invest in robust defenses to protect against potential cyber threats and mitigate financial risks associated with ransomware attacks.
21% of files within distribution companies are not protected in any way.
This statistic suggests that within distribution companies, a significant portion, specifically 21%, of files are not safeguarded or protected in any manner. This lack of protection could leave these files vulnerable to unauthorized access, data breaches, or other security risks. As files within distribution companies likely contain sensitive information related to operations, customers, or partnerships, this statistic highlights a potential security concern that may need to be addressed through implementing appropriate security measures to safeguard these files and mitigate associated risks.
Nearly 70% of distribution businesses do not feel their cybersecurity risks are fully under control.
The statistic stating that nearly 70% of distribution businesses do not feel their cybersecurity risks are fully under control indicates a concerning lack of confidence and preparedness in safeguarding against potential cyber threats. This highlights the significant vulnerability of the distribution industry to cyber attacks, which can result in data breaches, financial losses, and reputational damage. It underscores the urgent need for distribution businesses to prioritize and enhance their cybersecurity measures to effectively mitigate risks, protect sensitive information, and safeguard their operations and customers from potential cyber threats.
34% of data breaches in the distribution sector involved internal actors.
This statistic indicates that out of all data breaches that occurred in the distribution sector, 34% of them involved internal actors as opposed to external sources. This suggests that a significant portion of data breaches within the distribution sector are the result of actions taken by employees or other individuals within the organization rather than external parties such as hackers or cybercriminals. This highlights the importance of implementing strong internal security measures and conducting thorough background checks on employees to prevent insider threats and protect sensitive data from unauthorized access or misuse.
Data breaches in the distribution industry cost $3.86 million on average.
The statistic that data breaches in the distribution industry cost $3.86 million on average refers to the average financial impact of security breaches on companies within the distribution sector. This figure indicates the substantial monetary loss incurred due to cyber incidents such as hacking, data theft, or system breaches that compromise sensitive information. The cost includes various elements such as investigation, remediation, legal repercussions, fines, and reputation damage. This statistic underscores the significant financial risks that data breaches pose to distribution companies and highlights the importance of investing in robust cybersecurity measures to mitigate these potential threats.
49% of distribution companies report cyber attacks that altered their business strategies.
The statistic “49% of distribution companies report cyber attacks that altered their business strategies” indicates that nearly half of the distribution companies surveyed have experienced cyber attacks that have had significant impacts on their business operations. These attacks were serious enough to force these companies to make changes to their overall business strategies in order to mitigate the effects of the cyber attacks and adapt to the new threats posed by cyber security breaches. This statistic highlights the increasingly common and damaging nature of cyber attacks on businesses, emphasizing the need for robust cybersecurity measures to protect against such threats and ensure business continuity and resilience.
Approximately 75% of distribution businesses globally do not have sufficient cybersecurity staff.
The statistic indicating that approximately 75% of distribution businesses globally do not have sufficient cybersecurity staff highlights a concerning trend within the industry. With the increasing reliance on digital systems and technologies in distribution businesses, the lack of cybersecurity professionals poses a significant risk in terms of data breaches, cyber attacks, and potential financial losses. This statistic underscores the urgent need for distribution businesses to prioritize cybersecurity measures and invest in hiring qualified personnel to protect their sensitive information and assets from potential threats in today’s digital landscape.
References
0. – https://www.cybersecurityventures.com
1. – https://www.www.cybintsolutions.com
2. – https://www.www.ibm.com
3. – https://www.www.cisco.com
4. – https://www.www.radware.com
5. – https://www.www.isc2.org
6. – https://www.www.securitymagazine.com
7. – https://www.www.frontier-business.com
8. – https://www.www.roberthalf.com.au
9. – https://www.www.forcepoint.com
10. – https://www.www.verizon.com
11. – https://www.www.helpnetsecurity.com
12. – https://www.cybintsolutions.com
13. – https://www.www.varonis.com
14. – https://www.smallbiztrends.com
