The Latest Cybersecurity In The Iot Industry Statistics Explained
Cybersecurity attacks in IoT are expected to increase by 300% in 2021.
The statistic indicating that cybersecurity attacks in the Internet of Things (IoT) are projected to rise by 300% in 2021 suggests a significant and concerning trend in the realm of internet-connected devices. This sharp increase in attacks points to the growing vulnerability of IoT systems to cyber threats due to various factors such as the proliferation of connected devices, the expanding attack surface, and potentially inadequate security measures in place. As such, it underscores the pressing need for organizations, manufacturers, and users to prioritize cybersecurity practices and invest in robust security solutions to mitigate the risks associated with IoT devices and networks.
As of 2020, there were over 20 billion IoT enabled devices globally.
The statistic “As of 2020, there were over 20 billion IoT enabled devices globally” indicates that by the year 2020, there were more than 20 billion internet-connected devices deployed worldwide. This highlights the widespread adoption of Internet of Things (IoT) technology across various sectors such as healthcare, manufacturing, agriculture, smart homes, and transportation. The proliferation of IoT devices signifies the increasing interconnectedness of devices and data, enabling automation, real-time monitoring, and data-driven decision-making. This statistic underscores the significant role that IoT plays in shaping the digital landscape and driving innovation across industries.
Predictions suggest there will be 75.44 billion active IoT devices by 2025.
The statistic that predicts there will be 75.44 billion active Internet of Things (IoT) devices by 2025 indicates a significant surge in the adoption and deployment of IoT technology globally. IoT devices are interconnected smart devices that collect and exchange data over the internet to automate processes, monitor environments, and improve efficiency in various industries and everyday life. The forecasted increase in the number of active IoT devices suggests the continued proliferation and integration of IoT technology into various sectors such as healthcare, manufacturing, transportation, and smart cities. This exponential growth in IoT devices can have profound implications on how we live, work, and interact with technology, driving further advancements and innovations in the digital landscape.
According to 55% of respondents from a global survey, privacy is the most concerning aspect of IoT.
The statistic indicates that the majority of participants in a worldwide survey, specifically 55%, identified privacy as the top area of concern with Internet of Things (IoT) technology. This finding suggests that a significant portion of individuals are apprehensive about potential privacy breaches or unauthorized access to their data when using IoT devices. This insight underscores the importance of addressing privacy-related issues in the development and implementation of IoT technologies to ensure user trust and acceptance.
IoT related cyber threats increased by 217.5% between 2016 and 2017.
The statistic that IoT-related cyber threats increased by 217.5% between 2016 and 2017 indicates a significant surge in security risks faced by Internet of Things (IoT) devices and systems within that one-year period. This substantial percentage increase highlights a drastic escalation in the frequency and severity of cyber attacks targeting IoT infrastructure, including vulnerabilities in connected devices, networks, and data. Such a marked rise in cyber threats underscores the urgent need for enhanced cybersecurity measures, proactive risk mitigation strategies, and ongoing vigilance to safeguard IoT ecosystems against potential breaches and intrusions.
In 2017, Mirai malware resulted in power loss for nearly a million users by targeting unprotected IoT devices.
The statistic indicates that in 2017, the Mirai malware attack caused power loss for almost a million users by exploiting vulnerable Internet of Things (IoT) devices. Mirai malware specifically targets devices such as cameras, routers, and smart home devices that often have weak security measures in place. By infecting these devices, the malware can be used to create a botnet that overwhelms networks, leading to disruptions in services and power outages for users. This event underscores the critical importance of securing IoT devices to prevent malicious attacks that can have widespread consequences on infrastructure and services.
In 2018, cyber-attacks on IoT devices increased by 600%.
The statistic ‘In 2018, cyber-attacks on IoT devices increased by 600%’ indicates that the number of cyber-attacks targeting Internet of Things (IoT) devices experienced a significant surge in that year compared to the previous period. This sharp 600% increase highlights a concerning trend of heightened vulnerability in IoT infrastructure, likely due to the expanding proliferation of interconnected devices and their susceptibility to security threats. The statistic underscores the urgency for improved cybersecurity measures and protocols to safeguard IoT ecosystems and data from malicious cyber-attacks.
The average cost of a data breach in the IoT sector is $3.86 million.
The statistic that the average cost of a data breach in the IoT sector is $3.86 million indicates the monetary impact that organizations operating in this sector may face due to security incidents compromising their data and systems. This cost includes various factors such as investigation and remediation expenses, regulatory fines, legal fees, lost business opportunities, and damage to the company’s reputation. The high average cost underscores the importance of prioritizing cybersecurity measures to mitigate the risk of data breaches in IoT devices and systems, as failing to do so can have significant financial repercussions for organizations.
Over 26% of enterprise IoT attacks were targeted toward security cameras in 2019.
The statistic “Over 26% of enterprise IoT attacks were targeted toward security cameras in 2019” indicates that a significant portion of cyberattacks on Internet of Things (IoT) devices in business settings were directed specifically at security cameras during the year 2019. This highlights a concerning trend where cybercriminals are increasingly focusing their efforts on exploiting vulnerabilities in surveillance systems, potentially for purposes such as unauthorized access, data theft, or surveillance tampering. The high percentage suggests that security cameras are a particularly attractive target for attackers within enterprise IoT environments, underlining the importance of organizations implementing robust cybersecurity measures to protect these devices and the sensitive data they capture.
In 2017, 92.1% of malware delivered in IoT attacks were for the Mirai botnet.
The statistic indicates that in 2017, the Mirai botnet was responsible for 92.1% of malware delivered in Internet of Things (IoT) attacks. This suggests that Mirai was a dominant player in the landscape of IoT cybersecurity threats during that time, posing a significant risk to IoT devices and networks. The high proportion of malware associated with the Mirai botnet underscores the importance of understanding and mitigating the vulnerabilities that allowed the botnet to exploit IoT devices, highlighting the need for improved cybersecurity measures to protect against such attacks in the future.
Only 38% of companies can handle a major cyber threat on their IoT.
The statistic “Only 38% of companies can handle a major cyber threat on their IoT” suggests that a significant majority of companies may be inadequately prepared to deal with cybersecurity challenges related to their Internet of Things (IoT) devices. This statistic indicates a concerning gap in cybersecurity readiness among organizations, as the remaining 62% may lack the necessary measures and capabilities to effectively respond to potential cyber threats targeting their IoT infrastructure. Given the increasing prevalence of cyber attacks targeting IoT devices, this statistic underscores the importance of enhancing cybersecurity awareness and capabilities within organizations to safeguard against potential security breaches and data compromises.
The average cost of IoT system damage in companies is about $330,000.
This statistic represents the estimated average cost of damage to IoT (Internet of Things) systems within companies, amounting to approximately $330,000. This figure reflects the financial impact that organizations may face due to various factors such as system failures, cyber attacks, data breaches, or other forms of security incidents affecting their IoT infrastructure. The cost includes expenses related to remediation, recovery, lost productivity, reputation damage, and potential legal implications. Understanding this average cost can help companies prioritize investments in IoT security measures and risk mitigation strategies to safeguard their systems and minimize potential financial losses.
By 2020, worldwide spending on IoT Security reached $1.12 billion.
The statistic indicates that by the year 2020, global investment in Internet of Things (IoT) security had reached $1.12 billion. This figure represents the amount of money that organizations, governments, and individuals collectively spent on implementing security measures to protect IoT devices and networks from cyber threats and potential breaches. The substantial investment in IoT security highlights the growing recognition of the importance of safeguarding connected devices and systems as the IoT ecosystem continues to expand. It also underscores the increasing awareness of the security vulnerabilities associated with IoT technologies and the need to address these risks proactively to ensure the integrity and resilience of IoT infrastructures.
The average time to identify and contain breaches in the IoT industry was 280 days in 2021.
The statistic that the average time to identify and contain breaches in the Internet of Things (IoT) industry was 280 days in 2021 indicates that in a typical IoT security incident, it took an average of 280 days from the initial breach to the successful identification and containment of the breach. This measurement serves as a key performance indicator for the efficiency and effectiveness of cybersecurity measures within the IoT sector, highlighting the significant amount of time it takes for organizations to detect and respond to security incidents in their IoT infrastructure. A higher average time suggests potential weaknesses in cybersecurity practices, emphasizing the need for improvements in threat detection and incident response capabilities within the IoT industry.
Cybersecurity professional demand in the IoT industry is expected to increase by 12% by 2026.
The statistic suggests that the demand for cybersecurity professionals within the Internet of Things (IoT) industry is projected to grow by 12% by the year 2026. This indicates a substantial increase in the need for individuals with expertise in cybersecurity to protect IoT devices, networks, and systems from cyber threats and attacks. As the IoT industry continues to expand and integrate into various sectors, the demand for skilled professionals who can safeguard connected devices and data is on the rise, highlighting the critical importance of cybersecurity in ensuring the security and privacy of IoT ecosystems.
References
0. – https://www.safeguardcyber.com
1. – https://www.www.infosecurity-magazine.com
2. – https://www.www.ibm.com
3. – https://www.www.symantec.com
4. – https://www.www.welivesecurity.com
5. – https://www.fortune.com
6. – https://www.www.webtorials.com
7. – https://www.www.statista.com
8. – https://www.wealthcreationinvesting.com
9. – https://www.www.business.att.com
10. – https://www.www.brighttalk.com
