GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Meat Industry Statistics

A detailed analysis of cybersecurity statistics in the meat industry revealing vulnerabilities and threats, as well as highlighting the importance for robust protection measures.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

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In this post, we highlight alarming statistics regarding cybersecurity in the meat industry. From the lack of response plans among small businesses to the frequency of cyber-attacks in the food sector, these numbers underscore the pressing need for heightened vigilance and preparedness in the face of evolving cyber threats.

Statistic 1

"77% of small businesses do not have a response plan for cyber security incidents."

Statistic 2

"The food sector, which includes meat processing, experiences a cyber-attack every month according to Food Processing Magazine."

Statistic 3

"70% of cybercrimes are directed to organizations with less than 1000 employees in the agri-food sector, which includes meat producers."

Statistic 4

"68% of funds lost as a result of a cyber incident were declared unrecoverable."

Statistic 5

"Cybercrime costs the food and beverage industry, which includes the meat industry, about $12 billion annually."

Statistic 6

"More than 50% of businesses, including meat processors, take over six months to detect a cyber breach."

Statistic 7

"61% of companies have experienced an IoT security incident, which includes intelligent systems used by the meat industry."

Statistic 8

"Unfilled cybersecurity jobs worldwide will reach 3.5 million by 2021, thus potentially affecting all industries including the meat industry."

Statistic 9

"According to IBM, the average cost of a data breach in 2020 was $3.86 million."

Statistic 10

"Only 5% of companies’ folders are properly protected, on average."

Statistic 11

"According to a study by Keeper Security and the Ponemon Institute, about 66% of small to medium-sized businesses would either go out of business completely or shut down for at least a day in the wake of a major data breach."

Statistic 12

"96% of Americans are concerned about data breaches in public cloud services, which many companies in the meat industry use for storage and processing."

Statistic 13

"In 2019, cyber-attacks on IoT devices surged by 300%, many industries including meat processing, rely on these devices."

It is evident from the reported statistics on cybersecurity in the meat industry that there is a critical need for small businesses, particularly those in the agri-food sector, to proactively address cyber threats. The lack of response plans, high frequency of cyber-attacks, significant financial losses, and slow detection rates highlight the vulnerability of meat processors to cybercrimes. The substantial costs associated with cyber incidents, coupled with the increasing concerns over data breaches and unfilled cybersecurity jobs, emphasize the urgent requirement for enhanced cybersecurity measures within the industry. Failure to adequately protect against cyber threats could lead to severe consequences, including business closures and compromised data security.