Welcome to our blog post on Cybersecurity in the Facility Management Industry Statistics. In today’s digital age, the importance of cybersecurity cannot be overstated, especially in industries like facility management where data privacy and protection are paramount. Let’s dive into the latest statistics and trends in cybersecurity within the facility management sector to better understand the challenges and opportunities ahead.
The Latest Cybersecurity In The Facility Management Industry Statistics Explained
Facility management organizations had about 4.5 million instances of unencrypted sensitive information exposed in the third quarter of 2019.
The statistic indicates that facility management organizations experienced approximately 4.5 million instances of sensitive information being exposed without encryption during the third quarter of 2019. This suggests a significant breach of data security within the industry during that period. Unencrypted sensitive information can be highly vulnerable to unauthorized access and exploitation, potentially resulting in serious privacy violations, financial losses, and reputational damage for the affected organizations. It highlights the importance of implementing robust encryption protocols and cybersecurity measures to protect sensitive data and mitigate the risks associated with unauthorized disclosure.
The increased cyber risk for facility CEOs was 31% in 2019, up by 11% from 2017.
The statistic indicates that the risk of cyber threats facing facility CEOs has increased significantly over a two-year period, with a 31% increase in 2019 compared to 2017. This means that facility CEOs are now 31% more likely to be targeted by cyber attacks or experience cybersecurity incidents than they were in 2017. The 11% rise from 2017 further emphasizes the escalation of cyber risks for these individuals. This upward trend highlights the growing importance of prioritizing cybersecurity measures and awareness among facility CEOs to protect both their own personal data and the security of their organizations.
There has been an increase of 350% in ransomware attacks on facility management companies over the past couple of years.
The statistic indicates that ransomware attacks targeting facility management companies have experienced a substantial surge, with a notable increase of 350% over the past few years. This suggests that these companies have become significantly more vulnerable to such attacks, potentially due to inadequate cybersecurity measures or increased targeting by malicious actors. The rising trend of ransomware attacks in this specific sector highlights the importance for facility management companies to implement robust cybersecurity protocols to protect their data and operations from potential cyber threats in the future.
84% of facility firms experience regular phishing attempts.
The statistic that 84% of facility firms experience regular phishing attempts means that a significant majority of businesses in the facility management sector are targeted by fraudulent emails or messages aimed at obtaining sensitive information such as passwords, credit card numbers, or other personal data. This high percentage indicates that phishing attacks are a common threat to these firms, requiring them to implement robust cybersecurity measures to protect themselves and their employees from falling victim to such scams. It underscores the importance of raising awareness about phishing among facility firms and emphasizing the need for strong data protection practices to ensure the security of their systems and data.
98% of all cyber attacks deployed against facility management firms are financially motivated.
This statistic indicates that a vast majority, specifically 98%, of all cyber attacks targeted towards facility management firms are primarily driven by financial motives. This suggests that the attackers are aiming to generate financial gains or benefits through their cyber attacks rather than pursuing other objectives such as espionage or disruption. The high percentage underscores the significant prevalence of financially motivated cyber attacks within the facility management sector, highlighting the importance for these firms to prioritize cybersecurity measures and defense mechanisms to protect their data, infrastructure, and financial assets from potential threats.
2 out of 3 facility management companies rank cybersecurity as their top priority.
The statistic indicates that among a group of three facility management companies surveyed, two of them have identified cybersecurity as their primary focus or main concern. This suggests that a majority, specifically two-thirds, of the facility management sector places a high level of importance on cybersecurity to protect their assets, systems, and data from potential cyber threats and attacks. By prioritizing cybersecurity, these companies demonstrate a proactive approach to safeguarding their operations and mitigating risks associated with potential cyber incidents, highlighting the recognition of the critical role that cybersecurity plays in the overall security and resilience of their organization.
Cyber attacks result in a 16% productivity loss for facility management companies.
The statistic “Cyber attacks result in a 16% productivity loss for facility management companies” indicates that facility management companies experience a reduction in productivity by 16% as a direct consequence of cyber attacks. This means that cyber attacks targeting these companies disrupt their operations, systems, and processes to the extent that employees are unable to work efficiently, leading to a significant decrease in output. Such a productivity loss can have substantial negative impacts on the company’s overall performance, profitability, and potentially its reputation. It highlights the importance for facility management companies to prioritize cybersecurity measures and invest in robust defense mechanisms to mitigate the risk of cyber attacks and safeguard their operations.
Interruption from cyber attack typically costs facility management companies $1.67 million per incident.
The statistic indicates that facility management companies incur an average cost of $1.67 million per incident due to interruptions caused by cyber attacks. This cost likely encompasses various expenses such as loss of revenue, remediation efforts, legal fees, and reputational damage among others. Cyber attacks can disrupt critical business operations, leading to financial losses and potential harm to the company’s image. The considerable financial impact highlights the importance of robust cybersecurity measures to prevent and mitigate the effects of cyber attacks for facility management companies.
The cost of a data breach for facility management industry hovers around $3.86 million on average.
This statistic refers to the average financial impact of a data breach on the facility management industry, indicating that companies in this sector typically incur costs of approximately $3.86 million as a result of a data breach incident. This figure takes into account various expenses associated with a breach, such as investigation and remediation costs, legal fees, regulatory fines, notification expenses, and potential losses due to business disruption or reputational damage. Data breaches can have significant financial implications for organizations in the facility management industry, highlighting the importance of implementing robust cybersecurity measures to protect sensitive information and mitigate the risk of breaches.
Supply chain attacks increased by 78% in 2019 for facility management companies.
The statistic indicates that the number of supply chain attacks targeting facility management companies rose significantly by 78% in the year 2019 compared to previous periods. Supply chain attacks involve targeting vulnerabilities in the supply chain to gain unauthorized access to an organization’s systems or data. This increase highlights a growing concern for facility management companies as they become more frequent targets for cyber threats, emphasizing the importance of strengthening cybersecurity measures within their supply chain processes to mitigate the risks associated with such attacks.
Less than 5% of facility management companies’ folders are properly protected.
The statistic “Less than 5% of facility management companies’ folders are properly protected” suggests that a very small proportion of facility management companies prioritize the security of their folders. This could mean that only a handful of companies have implemented sufficient measures to safeguard their important files and data. The low percentage indicates a widespread vulnerability among facility management companies, potentially leaving them at risk of security breaches, data loss, or unauthorized access. Improving folder protection should be a critical focus for these companies to enhance their overall security posture and prevent potential risks associated with inadequate data security practices.
94% of malware used against facility management companies was delivered via email.
The statistic ‘94% of malware used against facility management companies was delivered via email’ indicates that a large majority of malicious software targeting companies in the facility management industry is transmitted through email. This suggests that email-based attacks are the primary method used by cybercriminals to infiltrate and compromise the digital systems of facility management companies. These findings highlight the importance of implementing robust email security measures and employee training to prevent the successful delivery and execution of malware through email in order to safeguard sensitive data and infrastructure within the facility management sector.
In 50% of the cases, facility managers aren’t notified of cybersecurity events within the first 24 hours.
This statistic indicates that in half of the instances involving cybersecurity events, such as data breaches or hacking attempts, facility managers do not receive notification about these events within the initial 24 hours. Timely notification is crucial in responding to and mitigating potential risks and damages associated with cybersecurity threats. The fact that 50% of facility managers are not informed within the first day suggests a need for improvement in communication processes, incident detection, and response protocols within organizations to better protect sensitive information and infrastructure from cyber threats. Swift and effective notification can help in minimizing the impact of cybersecurity incidents and bolstering the overall security of facilities and valuable assets.
ICS (Industrial Control Systems) attacks increased by 110% for facility management companies in 2020.
The statistic indicates that incidents of Industrial Control Systems (ICS) attacks targeting facility management companies more than doubled from the previous year, with a substantial increase of 110% in 2020. This significant spike in attacks signals a growing threat to the operational technology infrastructure used by facility management companies for controlling and monitoring their systems. The rise in ICS attacks highlights the vulnerability of these companies to cyber threats and emphasizes the urgent need for robust cybersecurity measures to safeguard critical infrastructure and data. It also underscores the escalating sophistication and frequency of cyberattacks targeting specific industries, posing a serious challenge to the security and resilience of organizational systems.
69% of companies that experienced a cyber attack in the facility management sector did not have an incident response plan.
The statistic indicates that among companies in the facility management sector that were victims of a cyber attack, a significant majority, specifically 69%, did not have an incident response plan in place. This finding suggests a concerning lack of preparedness and readiness to effectively mitigate and respond to cybersecurity incidents within these organizations. The absence of an incident response plan can leave companies vulnerable to potentially devastating consequences of cyber attacks, such as data breaches, financial losses, reputational damage, and operational disruptions. It underscores the importance for companies, especially in sectors like facility management where data security is critical, to prioritize the development and implementation of robust incident response strategies to enhance their cybersecurity posture and resilience against cyber threats.
References
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