The Latest Cybersecurity In The Home Security Industry Statistics Explained
An estimate shows there will be around 75.44 billion connected devices globally by 2025, many of which will be used within the context of home security.
The statistic indicating that there will be around 75.44 billion connected devices globally by 2025, with many of them being utilized for home security purposes, reflects the exponential growth and integration of Internet of Things (IoT) technology into various aspects of everyday life. This projection highlights the increasing prevalence and importance of connected devices in enhancing security measures within residential settings. With the proliferation of smart home devices such as cameras, sensors, and smart locks, individuals are increasingly leveraging technology to monitor and safeguard their homes remotely and efficiently. As connectivity and digital advancements continue to evolve, the utilization of connected devices for home security is expected to play a prominent role in shaping the future landscape of residential safety and monitoring.
In 2019, 90.2% of US internet users claimed they’re worried about their privacy, indicating concerns on home security as well.
The statistic that in 2019, 90.2% of US internet users claimed they are worried about their privacy suggests a high level of concern among the population regarding online data and personal information security. This finding highlights the growing awareness and apprehension about potential breaches in data privacy, a pertinent issue given the increasing dependence on digital platforms and technology. Moreover, the reference to concerns about home security implies a broader scope of worry that extends from online privacy to physical safety, reflecting a holistic perception of security among individuals in the digital age. This statistic underscores the importance of implementing robust privacy measures and cybersecurity practices to address these legitimate anxieties and enhance overall security for internet users.
Italy had the highest level of smart home penetration at 32.7% in 2020, implying greater need for cyber security in the sector.
The statistic suggests that Italy had the highest proportion of smart homes with a penetration rate of 32.7% in 2020 compared to other countries. This implies that a significant portion of households in Italy have adopted smart home technology, leading to potentially increased vulnerability to cyber security threats. As more devices become interconnected within these homes, there is a greater need for robust cyber security measures to safeguard against potential breaches and protect the privacy and data of individuals. The high level of smart home penetration in Italy highlights the importance of addressing cyber security concerns in order to ensure the safe and secure usage of smart home technologies in the country.
The firm Statista estimated that the Cybersecurity market is expected to reach $248.26 billion by 2023 indicating increased investment in home security.
The statistic provided by the firm Statista suggests that the Cybersecurity market is projected to grow substantially and is expected to reach a value of $248.26 billion by the year 2023. This figure indicates a significant increase in investment in the field of cybersecurity, emphasizing the growing importance of protecting digital systems and information from potential cyber threats. The substantial growth in the market size signals a recognition by organizations and individuals alike of the critical need to enhance their security measures in the face of escalating cyber risks, including those related to home security. Ultimately, this statistic underscores a shifting landscape towards prioritizing cybersecurity investments to safeguard against potential threats and vulnerabilities in an increasingly interconnected digital world.
It was calculated that in 2018, the average cost of a data breach was $3.86 million.
The statistic that in 2018, the average cost of a data breach was $3.86 million indicates the financial impact that organizations faced as a result of data security incidents. This average cost takes into account various expenses incurred by businesses in responding to and recovering from data breaches, such as investigating the breach, notifying customers, implementing security measures, and potential legal fees or fines. The high cost underscores the growing importance of investing in robust cybersecurity measures to protect sensitive data and safeguard organizations from significant financial losses due to breaches.
It is reported that there is a hacker attack every 39 seconds in 2020.
The statistic that there is a hacker attack every 39 seconds in 2020 suggests a high frequency of cyber threats occurring throughout the year. This statistic highlights the pervasive and constant threat that hacking poses to individuals, organizations, and systems globally. With a hacker attack occurring at such a rapid pace, the need for robust cybersecurity measures and vigilance is crucial to prevent potential breaches, data theft, and other cybercrimes. It underscores the importance of staying informed about cybersecurity risks and implementing proactive strategies to protect against malicious attacks in the digital age.
It’s calculated that cybercrime damages will reach $6 trillion annually by 2021.
The statistic that cybercrime damages are projected to reach $6 trillion annually by 2021 highlights the alarming increase in financial losses attributed to cybersecurity breaches. This estimate underscores the growing threat posed by cybercriminal activities such as data breaches, ransomware attacks, and other malicious activities targeting organizations and individuals. The significant financial impact of cybercrime emphasizes the need for robust cybersecurity measures to protect sensitive information, safeguard digital assets, and mitigate potential risks. This statistic serves as a stark reminder of the evolving cyber landscape and the imperative for continued investment in cybersecurity defenses to combat the escalating threats posed by cybercriminals.
The FBI’s Internet Crime Report stated a record $3.5 billion in losses were reported as a result of cybercrime in 2019.
The statistic indicating that $3.5 billion in losses were reported as a result of cybercrime in 2019, as stated in the FBI’s Internet Crime Report, highlights the significant financial impact of cybercriminal activities during that year. This statistic underscores the growing threat posed by cybercrime and the need for robust cybersecurity measures to protect individuals, organizations, and society at large from online fraud, theft, and other malicious activities. The substantial monetary losses reported serve as a stark reminder of the importance of investing in cybersecurity resources and strategies to mitigate the risks associated with cyber threats and safeguard against potential financial, reputational, and operational harm.
The number of Internet of Things (IoT) devices is expected to surpass 41.6 billion by 2025, many of which could be implicated in home security.
The statistic indicates that the number of Internet of Things (IoT) devices is projected to exceed 41.6 billion by the year 2025. This significant growth in IoT devices suggests a widespread integration of technology into various aspects of everyday life, including home security. With the increasing adoption of IoT devices like smart cameras, alarms, and sensors, there is potential for enhancing home security through advanced monitoring and control capabilities. This trend reflects a shift towards a more connected and automated environment where IoT devices play a crucial role in enhancing security measures and improving overall safety in homes.
As of 2019, 61% of U.S. consumers cited fears of compromised security as a reason to avoid connected home devices.
The statistic indicates that in 2019, 61% of consumers in the United States expressed concern over compromised security as a deterrent to using connected home devices. This suggests that a significant portion of the population is apprehensive about potential security risks associated with devices such as smart thermostats, security cameras, and voice assistants that are connected to the internet. These fears may stem from potential data breaches, hacking, or unauthorized access to personal information through these devices. This statistic highlights the importance of addressing security vulnerabilities in connected home devices to alleviate consumer concerns and promote wider adoption of smart technology in households.
The Internet of Things (IoT) home market is projected to grow from $5.7 billion in 2021 to $16.1 billion by 2026.
This statistic indicates that the Internet of Things (IoT) home market is expected to experience significant growth over the next five years, with a projected increase from $5.7 billion in 2021 to $16.1 billion by 2026. This represents a substantial jump in market value, signaling a rising trend in the adoption of IoT devices and technology within homes. The growth in this market is likely driven by factors such as increasing connectivity, convenience, and automation in households, as well as the expanding range of IoT applications available to consumers. As the market continues to mature and innovate, we can expect to see a continued surge in demand for IoT devices and services in residential settings.
Over 25% of all data breaches involve the using of IoT devices as the initial point of attack.
This statistic indicates that more than a quarter of all data breaches are initiated through the use of Internet of Things (IoT) devices. IoT devices are physical objects embedded with sensors, software, and connectivity that enable them to collect and exchange data with other devices and systems. The fact that a significant portion of data breaches originate from attacks targeting IoT devices underscores the growing importance of securing these interconnected technologies. Vulnerabilities in IoT devices can provide cybercriminals with a foothold to access sensitive information or disrupt systems, highlighting the crucial need for robust cybersecurity measures to protect against such attacks.
20% of US adults have experienced a cyber crime in their smart home.
The statistic “20% of US adults have experienced a cyber crime in their smart home” indicates that a significant portion of the adult population in the United States has been impacted by cyber crimes within their smart homes. This statistic suggests that a notable number of individuals have encountered security breaches, data leaks, or other unauthorized access within their smart home systems. Such cyber crimes can result in privacy violations, financial losses, and potential threats to personal safety. This highlights the importance of strong cybersecurity measures and vigilance when using smart home devices to protect against potential cyber threats and safeguard personal information.
Over 50% of US residents are concerned about how their data is used in smart home devices.
The statistic suggests that a significant portion of the US population, specifically more than half, feels apprehensive or uneasy about the way their data is being utilized in smart home devices. This indicates a prevalent sense of unease or distrust among consumers regarding privacy and data security issues in the context of smart technology. Concerns may arise from potential risks such as unauthorized access to personal information, data breaches, or lack of transparency about how data is collected, stored, and shared by these devices. This statistic underscores the importance of addressing and mitigating these privacy concerns to foster greater trust and adoption of smart home technologies among consumers.
Between 70% to 80% of top-selling IoT devices lack fundamental cybersecurity protections.
The statistic indicates that a significant majority, between 70% to 80%, of the top-selling IoT (Internet of Things) devices currently being used do not have essential cybersecurity measures in place. This means that a large portion of these devices, which are interconnected through the internet and often used in critical systems such as smart homes or industrial infrastructure, leave themselves vulnerable to potential cyber attacks and security breaches. The lack of fundamental cybersecurity protections in these devices raises concerns about privacy violations, data breaches, and the potential exploitation of vulnerabilities by malicious actors. As such, there is a pressing need for increased attention and investment in improving the security of IoT devices to safeguard against potential threats and ensure the integrity and safety of the connected systems and data they support.
A report by Cybersecurity Ventures projects that cybercrime will cost the world over $6 trillion annually by 2021.
The statistic from Cybersecurity Ventures predicts that cybercrime is expected to incur a financial impact of more than $6 trillion globally each year by 2021. This forecast underscores the escalating threat posed by cybercriminal activities on individuals, organizations, and national economies. The projected substantial financial losses highlight the urgent need for robust cybersecurity measures to be implemented across all sectors to mitigate the risk of cyberattacks. As technology continues to advance and cyber threats become more sophisticated, organizations must prioritize cybersecurity investments to safeguard sensitive data and prevent severe financial consequences resulting from potential breaches.
An estimated $123.7 Billion will be spent on IoT corporate and home security by 2021.
The statistic highlights the significant financial investment projected for the implementation of Internet of Things (IoT) technology in corporate and home security systems by the year 2021. The estimated $123.7 billion reflects the anticipated expenditure by businesses and households on IoT devices and services designed to enhance security measures. These technologies leverage interconnected devices and sensors to monitor and protect physical spaces, assets, and individuals. The substantial investment in IoT security underscores the growing recognition of its potential to provide comprehensive and advanced security solutions that are more efficient, customizable, and responsive to emerging threats.
Over 66% of security installers view cyber security as the most significant trend currently facing the IP connected security market.
The statistic “Over 66% of security installers view cyber security as the most significant trend currently facing the IP connected security market” indicates that a majority of security installers believe that cyber security is the most important trend within the IP connected security market. This suggests that there is a growing awareness and concern among security professionals regarding the potential risks and vulnerabilities associated with cyber threats in the context of IP connected systems. With more security systems becoming interconnected and reliant on internet protocols, the emphasis on cyber security highlights the need for robust measures to protect against potential cyber attacks and breaches in the evolving landscape of security technologies.
63% of consumers don’t know how to properly secure their IoT devices.
The statistic ‘63% of consumers don’t know how to properly secure their IoT devices’ indicates that a significant majority of consumers lack the knowledge and understanding required to effectively safeguard their Internet of Things (IoT) devices from potential cybersecurity threats. This suggests that a large portion of the consumer population may be vulnerable to data breaches, privacy violations, and other security risks associated with IoT devices. Given the increasing prevalence of IoT technologies in homes, businesses, and various industries, addressing this lack of knowledge is crucial to enhancing cybersecurity awareness and improving the overall security of connected devices.
References
0. – https://www.www.statista.com
1. – https://www.www.csoonline.com
2. – https://www.www.pewresearch.org
3. – https://www.www.securitymagazine.com
4. – https://www.www.securitysales.com
5. – https://www.www.ifsecglobal.com
6. – https://www.www.marketsandmarkets.com
7. – https://www.juniperresearch.com
8. – https://www.www.mcafee.com
9. – https://www.www.verizon.com
10. – https://www.www.bullguard.com
11. – https://www.www.ponemon.org
12. – https://www.www.ic3.gov
13. – https://www.cybersecurityventures.com
14. – https://www.www.idc.com
