GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Hcm Industry Statistics

The cybersecurity risks in the human capital management (HCM) industry are increasing, with studies showing a rise in data breaches and incidents affecting employee information.

Statistic 1

"55% of HCM companies plan to increase their cybersecurity budgets in the next fiscal year."

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Statistic 2

"65% of HCM companies conduct regular cybersecurity training for their employees."

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Statistic 3

"75% of HCM companies use encryption to protect sensitive employee data."

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Statistic 4

"68% of HCM organizations regard cybersecurity as a board-level issue."

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Statistic 5

"85% of HCM companies rely on third-party providers for their cybersecurity needs."

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Statistic 6

"45% of cybersecurity incidents in the HCM industry involve phishing attacks."

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Statistic 7

"50% of HCM firms intend to adopt AI-based cybersecurity solutions within the next two years."

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Statistic 8

"The average cost of a cybersecurity breach in the HCM industry is $3.6 million."

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Statistic 9

"The average time to identify a data breach in the HCM industry is 120 days."

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Statistic 10

"60% of companies in the HCM industry experienced a data breach in the past two years."

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Statistic 11

"50% of data breaches in the HCM sector are discovered by external parties."

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Statistic 12

"80% of HR departments consider cybersecurity a top priority when adopting new technologies."

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Statistic 13

"70% of data breaches in the HCM sector are due to employee negligence."

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Statistic 14

"43% of HCM companies have adopted cloud-based security solutions to enhance their cybersecurity posture."

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Statistic 15

"The global cybersecurity market for the HCM industry is projected to reach $32 billion by 2025."

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Statistic 16

"72% of cyber attacks on HCM companies are financially motivated."

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Statistic 17

"25% of HCM-related cybersecurity breaches result in financial losses exceeding $1 million."

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Statistic 18

"Nearly 90% of HCM firms have implemented multi-factor authentication as a security measure."

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Statistic 19

"40% of HCM businesses have experienced a significant cybersecurity incident that impacted their operations."

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Statistic 20

"30% of HCM organizations have experienced a ransomware attack in the last year."

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