With the increasing digitalization of the media and entertainment industry, the importance of cybersecurity has never been more critical. In this blog post, we will delve into the latest statistics surrounding cybersecurity in the media and entertainment sector, highlighting the challenges and trends shaping the industry’s approach to protecting sensitive data and digital assets.
The Latest Cybersecurity In The Media And Entertainment Industry Statistics Explained
25% of the cyber-attacks in 2017 compromised media and manufacturing companies.
This statistic indicates that 25% of all cyber-attacks occurring in 2017 resulted in the compromise of media and manufacturing companies. This suggests that these particular industries were more vulnerable to cyber threats during that time period compared to others. The prevalence of attacks targeting media and manufacturing sectors could be influenced by various factors such as the value of intellectual property, financial data, or the potential for disruption in production processes. Companies within these industries may need to prioritize cybersecurity measures to protect their data and operations from such threats in order to mitigate potential risks and financial losses.
Around 70% of companies in the media space have experienced a cybersecurity incident.
The statistic “Around 70% of companies in the media space have experienced a cybersecurity incident” indicates that a significant majority of companies operating in the media sector have encountered some form of cybersecurity breach or incident. This high prevalence suggests that media companies are particularly vulnerable to cyber threats such as data breaches, hacks, or malware attacks. The implications of this statistic highlight the urgent need for robust cybersecurity measures and practices within the media industry to protect sensitive data, intellectual property, and maintain operational continuity in the face of evolving cyber threats. Addressing cybersecurity vulnerabilities through proactive risk management strategies and investments in cybersecurity infrastructure is essential for media companies to safeguard their digital assets and maintain trust with stakeholders.
Media and entertainment sector was the third most targeted sector in 2017 for cyber attacks.
The statement indicates that the media and entertainment sector ranked as the third most targeted industry for cyber attacks in the year 2017. This suggests that organizations within this sector faced a significant level of cyber threats, potentially driven by the value of the data they hold, such as intellectual property, customer information, and financial data. The high volume of attacks targeting media and entertainment companies emphasizes the need for robust cybersecurity measures in place to safeguard sensitive information and mitigate potential risks. It also reflects the evolving landscape of cyber threats, indicating that attackers are increasingly targeting sectors beyond traditional areas like finance and healthcare.
Only 69% of the media and entertainment organizations have an official incident response plan.
The statistic stating that only 69% of media and entertainment organizations have an official incident response plan indicates that a significant portion of these organizations may not be adequately prepared to effectively handle unexpected incidents or breaches. Without a structured plan in place, these organizations may face greater challenges in responding to security incidents, data breaches, or other emergencies, potentially leading to more severe consequences such as reputational damage, financial losses, or legal ramifications. Having a well-defined incident response plan is crucial for these organizations to mitigate risks, minimize disruptions, and protect their assets and stakeholders in the event of a security incident.
Just 15% of media companies believe their cybersecurity measures are effective.
The statistic suggesting that only 15% of media companies believe their cybersecurity measures are effective indicates a concerning lack of confidence in the cybersecurity practices within the industry. This low level of perceived effectiveness may indicate that media companies are not sufficiently prepared to protect sensitive data and infrastructure from cyber threats. The implications of this statistic are far-reaching, as media companies handle vast amounts of valuable and sensitive information, making them prime targets for cyber attacks. It underscores the importance of investing in robust cybersecurity measures and continuously evaluating and improving security protocols to better defend against evolving cyber threats.
The cost of cybercrime for the media, entertainment, and professional services sectors has increased by 11% in 2019.
The statistic highlights a concerning trend in the financial impact of cybercrime on the media, entertainment, and professional services sectors, showing an 11% increase in costs from the previous year. This suggests that organizations within these sectors are facing greater financial losses as a result of cyber attacks and security breaches, indicating a heightened level of risk and vulnerability to cyber threats. The rise in costs could be attributed to a variety of factors, such as an increase in the frequency and sophistication of cyber attacks, inadequate cybersecurity measures, or a lack of awareness and preparedness among industry stakeholders. It underscores the urgent need for enhanced cybersecurity measures and proactive strategies to mitigate cyber risks and protect sensitive data within these sectors.
Almost 1 in 3 media companies don’t carry out cyber risk assessments on vendors and third parties.
This statistic indicates that approximately one-third of media companies do not conduct cyber risk assessments on their vendors and third-party partners. This negligence in assessing potential cyber risks posed by external entities could leave these companies vulnerable to security breaches and data leaks. It suggests a concerning gap in cybersecurity practices within the media industry, potentially exposing sensitive information, intellectual property, and customer data to cyber threats. Implementing robust vendor risk assessment processes is critical for safeguarding the digital assets and maintaining the trust of both stakeholders and the audience.
In 2018, 125,000 episodes of unlicensed TV content were available online.
The statistic “In 2018, 125,000 episodes of unlicensed TV content were available online” reflects the prevalence of copyright infringement and piracy in the digital space during that year. This figure indicates a significant amount of unauthorized television programming being disseminated through various online platforms, thereby posing challenges for content creators and rights holders. Unauthorized distribution of TV content not only violates intellectual property rights but also has economic repercussions for the industry as a whole. The statistic underscores the ongoing need for effective enforcement measures and cooperation among stakeholders to combat piracy and protect the interests of content creators and distributors.
By 2022, the media and entertainment industry will be losing $52 billion due to digital piracy.
The statistic suggests that by the year 2022, the media and entertainment industry is projected to suffer a significant financial loss of $52 billion as a direct result of digital piracy. This implies that unauthorized distribution and consumption of media content through digital means, such as illegal file sharing or streaming services, will continue to pose a substantial threat to the industry’s revenue streams. The impact of digital piracy on the sector is expected to be severe, jeopardizing the profitability of content creators, distributors, and other stakeholders within the media and entertainment ecosystem. Addressing this issue will likely require enhanced anti-piracy measures, effective enforcement strategies, and innovative business models to combat the ongoing challenges posed by online copyright infringement.
31 network scripted TV shows were leaked online before their airing date in 2018.
The statistic ’31 network scripted TV shows were leaked online before their airing date in 2018′ indicates that 31 television series produced by major television networks had their episodes illegally distributed online before their scheduled broadcast dates in the year 2018. This type of leak poses a significant challenge for the entertainment industry, as it can lead to decreased viewership, potential loss of revenue, and breach of intellectual property rights. The statistic highlights the ongoing struggle networks face in protecting their content from unauthorized distribution and emphasizes the importance of implementing robust security measures to prevent such leaks in the future.
More than 725,000 credentials from entertainment companies were found on the Dark Web in 2016.
The statistic that “More than 725,000 credentials from entertainment companies were found on the Dark Web in 2016” indicates that a significant number of login credentials, such as usernames and passwords, belonging to individuals or employees of entertainment companies were compromised and made available for sale or unauthorized access on the Dark Web. This suggests a serious security breach within the entertainment industry that year, highlighting the importance of robust cybersecurity measures to protect sensitive information and prevent unauthorized access to networks and data. The large number of compromised credentials underscores the ongoing threat of cybercrime and the need for organizations to continuously monitor and enhance their cybersecurity defenses to safeguard against potential data breaches and privacy violations.
45% of today’s cyber-attacks on media and entertainment industry are high impact and go unnoticed.
The statistic of 45% of cyber-attacks on the media and entertainment industry being high impact and going unnoticed highlights a significant threat to organizations within this sector. This indicates that nearly half of the cyber-attacks targeting media and entertainment companies are successful in causing substantial damage or compromise, potentially leading to breaches of sensitive data, disruption of services, or financial losses. The fact that these attacks go undetected further underscores the need for improved cybersecurity measures and vigilance within the industry to better protect against and respond to such threats in order to safeguard critical assets and maintain the trust of customers and stakeholders.
Around 60% of media businesses have no proactive approach to potential cyber threats.
The statistic “Around 60% of media businesses have no proactive approach to potential cyber threats” indicates that a significant majority of media companies are not actively taking steps to address and mitigate cybersecurity risks. This suggests that a large portion of the industry may be vulnerable to cyber attacks, data breaches, and other security incidents. Without a proactive approach to cybersecurity, these businesses are at increased risk of facing financial losses, reputational damage, and regulatory penalties. It underscores the importance of implementing robust cybersecurity measures to safeguard sensitive information and maintain the trust of customers and stakeholders in the digital age.
As of 2018, the average cost of a data breach in the media industry was $7.1 million.
The statistic states that in the year 2018, the media industry incurred an average cost of $7.1 million per data breach incident. This indicates the financial impact that data breaches can have on media companies, including costs associated with investigating the breach, notifying affected individuals, implementing security measures, potential legal fees, and reputational damage. Data breaches are a significant concern in the media industry due to the sensitive nature of the information they handle, such as personal data of customers and confidential business information. The high average cost underscores the importance of investing in robust cybersecurity measures to mitigate the risk of data breaches and protect sensitive information.
Approximately 4.5 billion data records were stolen worldwide during the first half of 2018, nearly 15% of which were from the entertainment industry.
The statistic indicates that a staggering 4.5 billion data records were compromised globally in the first half of 2018, highlighting a concerning trend of data breaches and unauthorized access to sensitive information. What is particularly alarming is that almost 15% of these stolen records belonged to the entertainment industry, underscoring the sector’s vulnerability to cyber threats. This statistic emphasizes the pressing need for enhanced cybersecurity measures and data protection protocols across industries to safeguard personal and confidential information from malicious actors seeking to exploit vulnerabilities in digital systems.
Nearly 50% of media and entertainment firms fell victim to phishing scams in 2018.
The statistic that nearly 50% of media and entertainment firms fell victim to phishing scams in 2018 indicates that a substantial proportion of businesses in this industry were targeted and successfully compromised by cybercriminals using phishing tactics. Phishing scams involve fraudulent attempts to obtain sensitive information such as usernames, passwords, and financial details through deceptive emails, messages, or websites. The high prevalence of phishing attacks in the media and entertainment sector highlights the vulnerability of these firms to online security threats and underscores the need for robust cybersecurity measures and employee training to prevent data breaches and financial losses.
Around 24% of media and entertainment companies do not have a strategy to respond to today’s security dangers.
The statistic suggests that there is a significant proportion, approximately 24%, of media and entertainment companies that are lacking a specific plan to address the increasing security threats prevalent in today’s digital landscape. This indicates a potential vulnerability among these companies, as they may not have proper measures in place to safeguard their sensitive data, intellectual property, and overall operations from potential cyber threats. The absence of a security strategy could leave them exposed to various risks such as data breaches, hacking, or other cyber-attacks, highlighting the importance of prioritizing security measures within the media and entertainment industry to mitigate potential damages and protect their assets.
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