The Latest Cybersecurity In The Electronics Industry Statistics Explained
94% of malware are delivered via email, making it a significant cybersecurity threat in the electronics industry.
The statistic that 94% of malware are delivered via email underscores the significant cybersecurity threat posed by email-based attacks in the electronics industry. These attacks can range from phishing emails to malicious attachments or links that can compromise sensitive data, disrupt operations, and cause financial losses. Given the widespread use of email for communication and file sharing in the electronics industry, organizations must prioritize email security measures such as robust antivirus software, email filtering systems, employee training on identifying phishing attempts, and regularly updating security protocols to mitigate the risks associated with malware delivery through email.
92% of industrial companies say digital risks are the most challenging to manage.
The statistic ‘92% of industrial companies say digital risks are the most challenging to manage’ indicates that a significant majority of industrial companies find handling digital risks to be the most difficult aspect of their operations. This suggests that these companies perceive digital threats, such as cybersecurity breaches and technological disruptions, as posing the greatest challenges to their business. The high percentage reflects a widespread concern within the industrial sector regarding the complexities and vulnerabilities associated with managing digital risks, emphasizing the importance of developing robust strategies and infrastructure to address these challenges effectively.
By 2022, the global cybersecurity market is predicted to be worth $248.26 billion, up from $152.71 billion in 2018.
The statistic highlights the projected growth in the global cybersecurity market from $152.71 billion in 2018 to an estimated worth of $248.26 billion by 2022. This substantial increase reflects a significant rise in the demand for cybersecurity solutions and services worldwide. Factors such as the escalating frequency and complexity of cyber threats, the increasing reliance on digital technologies across various industries, and the growing awareness of cybersecurity risks among organizations and individuals are contributing to this expanding market. As cybersecurity continues to be a top priority for businesses, governments, and individuals to safeguard their digital assets and privacy, the market is expected to witness sustained growth in the coming years.
Cyber-attacks on connected electronic devices increased by 600% in 2020.
The statistic “Cyber-attacks on connected electronic devices increased by 600% in 2020” signifies a substantial surge in the frequency of malicious activities targeting internet-connected devices compared to the previous year. This significant rise suggests a growing concern and vulnerability in digital infrastructure, potentially reflecting a heightened sophistication in cybercriminal tactics and an increased reliance on technology amid the global pandemic. The sharp increase underscores the urgent need for enhanced cybersecurity measures, stringent protocols, and increased awareness to effectively mitigate and combat cyber threats in the evolving digital landscape.
Nearly 2000 cyberattacks hit industrial companies every half-year.
The statistic “Nearly 2000 cyberattacks hit industrial companies every half-year” suggests that the frequency of cyberattacks targeting industrial companies is quite high, indicating a significant threat to their operations and security. This statistic implies that industrial companies are increasingly vulnerable to cyber threats and face ongoing risks to their systems, potentially leading to disruptions in production, compromising sensitive data, or incurring financial losses. With cyberattacks becoming more sophisticated and widespread, industrial companies must prioritize cybersecurity measures to safeguard their operations and assets against potential threats.
43% of data breach victims were small businesses, showcasing that the size of the business does not exclude it from cyber threats.
This statistic highlights a concerning trend where 43% of data breach victims are small businesses, emphasizing that the size of a business does not exempt it from the looming threat of cyber attacks. Small businesses, often lacking robust cybersecurity measures due to limited resources or expertise, are increasingly becoming attractive targets for cybercriminals seeking to exploit vulnerabilities in their systems. The high percentage of small businesses falling victim to data breaches underscores the need for all organizations, regardless of size, to prioritize cybersecurity measures and invest in adequate protection to safeguard sensitive data and prevent costly breaches that can have significant repercussions on their operations and reputation.
68% of business leaders feel their cybersecurity risks are increasing.
The statistic “68% of business leaders feel their cybersecurity risks are increasing” indicates that a significant majority of business leaders perceive a rise in cybersecurity threats facing their organizations. This finding suggests a heightened awareness and concern among decision-makers regarding the potential vulnerability of their systems and data to cyber attacks. It implies that these leaders recognize the evolving nature of cybersecurity threats and are likely taking steps to address and mitigate the risks to their business operations and sensitive information. This statistic underscores the growing importance of implementing robust cybersecurity measures and strategies to safeguard against potential breaches and data compromise.
It takes an average of 280 days to identify and contain a data breach.
The statistic that it takes an average of 280 days to identify and contain a data breach represents the amount of time taken by organizations to detect and then manage the aftermath of a security incident involving unauthorized access to sensitive data. This figure is a concerning metric, indicating that organizations are often unaware of breaches for an extended period, allowing potential attackers to maintain access and exploit the compromised systems further. The lengthy duration highlights the challenges faced by companies in promptly detecting security incidents, underlining the importance of implementing robust cybersecurity measures to minimize the impact of data breaches and protect sensitive information.
The average cost of a data breach in 2020 was $3.86 million.
The statistic indicates that in 2020, the average financial impact of a data breach for organizations was estimated to be $3.86 million. This figure represents the total cost incurred by organizations due to a breach of their data, including expenses related to identifying and addressing the breach, potential legal fees, regulatory fines, loss of business, and reputational damage. The high cost emphasizes the importance of prioritizing cybersecurity measures to prevent data breaches and protect sensitive information. Organizations need to invest in robust cybersecurity strategies and practices to mitigate the financial and non-financial consequences of data breaches.
The manufacturing sector is the third most targeted industry for cyber attacks.
The statistic that the manufacturing sector is the third most targeted industry for cyber attacks highlights the significant vulnerability of manufacturing firms to security breaches and cyber threats. As cyber attacks have become increasingly prevalent and sophisticated, organizations in the manufacturing sector are facing heightened risks of data breaches, ransomware attacks, and other forms of cybercrime. This statistic underscores the importance of prioritizing cybersecurity measures within the manufacturing industry to protect sensitive data, proprietary information, and operational systems from potential attacks that can disrupt operations, damage reputation, and incur substantial financial losses.
53% of industrial organizations consider IoT devices to be among the greatest cybersecurity risks.
The statistic ‘53% of industrial organizations consider IoT devices to be among the greatest cybersecurity risks’ suggests that a significant portion of industrial companies are concerned about the security implications of Internet of Things (IoT) devices. This indicates a widespread awareness within the industry of the potential vulnerabilities associated with IoT technology, which can include data breaches, unauthorized access, and the potential for disrupting critical infrastructure. These findings underscore the importance of implementing robust cybersecurity measures to mitigate risks and protect sensitive information and systems in industrial settings where IoT devices are increasingly being used.
Cybersecurity damage related to cybercrime is projected to hit $6 trillion annually by 2021.
The statistic stating that cybersecurity damage related to cybercrime is projected to reach $6 trillion annually by 2021 suggests that the financial impact of cybercrimes, such as data breaches, ransomware attacks, and other forms of malicious online activities, is expected to increase significantly in the coming year. This projection highlights the growing threat that cybercrime poses to individuals, businesses, and institutions worldwide, emphasizing the need for robust cybersecurity measures to protect against potential financial losses, reputation damage, and other adverse consequences. The staggering amount of $6 trillion underscores the urgency for organizations to strengthen their cybersecurity defenses and invest in preventive strategies to mitigate the risks associated with cyber threats.
By 2025, cybersecurity will be a $300 billion industry.
The statistic “By 2025, cybersecurity will be a $300 billion industry” indicates a projected financial value of the cybersecurity sector by the year 2025. This suggests that the demand for cybersecurity products and services is expected to increase significantly over the coming years, leading to a substantial market size of $300 billion. The growth of this industry can be attributed to the rising frequency and sophistication of cyber threats, as well as the increasing reliance on digital technologies across various sectors. Organizations are expected to invest more in cybersecurity measures to protect their assets, data, and systems, thereby driving the growth of the industry.
The average business will suffer an interruption related to cybercrime every 11 seconds by 2021.
This statistic indicates that on average, a business will experience an interruption due to cybercrime every 11 seconds by the year 2021. This disruption can encompass various types of cyberattacks, such as malware infections, phishing attempts, ransomware incidents, data breaches, or denial of service attacks. The frequency of these interruptions highlights the pervasive and constantly evolving nature of cyber threats in today’s digital business landscape. Businesses are increasingly vulnerable to cybercrime, emphasizing the critical need for robust cybersecurity measures to protect sensitive data, maintain operational continuity, and mitigate financial losses resulting from such disruptions.
Internet of Things (IoT) devices experienced an average of 5,200 attacks per month in 2020.
The statistic “Internet of Things (IoT) devices experienced an average of 5,200 attacks per month in 2020” indicates the frequency at which IoT devices were targeted by cyber attacks throughout the year. This statistic highlights the vulnerability of IoT devices to security breaches and emphasizes the growing threat landscape faced by these connected devices. The high number of attacks per month suggests an ongoing and persistent challenge for organizations and individuals using IoT devices, underscoring the need for robust cybersecurity measures to protect against potential threats and safeguard the privacy and security of sensitive data transmitted and stored by these devices.
There’s a hacker attack every 39 seconds affecting one in three Americans each year.
This statistic suggests a high frequency of hacker attacks, with one occurring approximately every 39 seconds and impacting a substantial proportion of the American population, one in three individuals, on an annual basis. The implication is that the threat of cyber attacks is pervasive and poses a significant risk to personal data and information security. This statistic underscores the need for individuals, organizations, and policymakers to prioritize cybersecurity measures to protect against these attacks and mitigate their potential impacts on both a personal and societal scale.
References
0. – https://www.www.iiconsortium.org
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2. – https://www.ics-cert.kaspersky.com
3. – https://www.www.cisco.com
4. – https://www.www.accenture.com
5. – https://www.www.ibm.com
6. – https://www.www.crowdstrike.com
7. – https://www.www.symantec.com
8. – https://www.www.globenewswire.com
9. – https://www.www.pwc.com
10. – https://www.theharrispoll.com
11. – https://www.cybersecurityventures.com
