The Latest Cybersecurity In The Media Industry Statistics Explained
Cybersecurity attacks on the media industry rose by 22% from 2018 to 2019.
The statistic ‘Cybersecurity attacks on the media industry rose by 22% from 2018 to 2019’ indicates that there was a significant increase in the number of security breaches targeting media organizations over the one-year period. This suggests that media companies are increasingly becoming targets of malicious cyber activities, potentially leading to theft of sensitive information, disruption of services, and damage to reputation. The 22% rise highlights the growing importance of implementing robust cybersecurity measures within the media industry to protect against evolving cyber threats and safeguard their digital assets.
In 2020, cyber-attacks in the media industry increased by over 162% within six months due to the pandemic-driven shift to remote work.
The statistic indicates a significant rise in cyber-attacks in the media industry during the year 2020, specifically an increase of over 162% within a period of six months. This sharp rise is attributed to the impact of the COVID-19 pandemic, which necessitated a rapid transition to remote work arrangements, potentially exposing vulnerabilities in the industry’s cybersecurity defenses. The shift to remote work likely created new opportunities for cyber criminals to exploit weaknesses in security systems, leading to the substantial surge in cyber-attacks. This statistic highlights the importance of enhancing cybersecurity measures to effectively mitigate the risks posed by the evolving threat landscape in the media industry.
37% of media companies reported security breaches in 2020.
The statistic that 37% of media companies reported security breaches in 2020 indicates that a significant portion of media organizations experienced cybersecurity incidents during that year. This suggests a concerning vulnerability within the industry, highlighting the importance of implementing robust cybersecurity measures to protect sensitive information and safeguard against potential threats. The high percentage of reported security breaches underscores the need for media companies to prioritize cybersecurity awareness, training, and resources to mitigate the risk of cyberattacks and data breaches in the future.
22% of media companies experienced an average financial loss of $5 million from security breaches in 2019.
This statistic indicates that in 2019, approximately 22% of media companies encountered security breaches that resulted in an average financial loss of $5 million. This suggests a significant financial impact on a notable proportion of media organizations due to security breaches. The data underscores the importance of robust cybersecurity measures and investments to safeguard against potential breaches that can lead to substantial financial losses and reputational damage within the media industry. Organizations in the media sector should prioritize enhancing their security defenses to mitigate the risk of such financial losses in the future.
54% of media industries experienced phishing and social engineering attacks in 2019.
The statistic indicates that 54% of media industries encountered phishing and social engineering attacks in the year 2019. This means that over half of the companies within the media sector were targeted by cybercriminals using deceptive tactics to steal sensitive information or spread malware. Such attacks can have severe consequences, including data breaches and financial losses, highlighting the significant cybersecurity risks faced by businesses operating in the media industry. It underscores the importance of implementing robust cybersecurity measures and providing adequate training to employees to protect against such threats in the digital age.
68% of media companies did not have an incident response plan for cybersecurity breaches in 2020.
The statistic “68% of media companies did not have an incident response plan for cybersecurity breaches in 2020” indicates that a significant majority of media companies lacked a structured and organized approach to mitigating the impact of cybersecurity breaches. This suggests a concerning vulnerability within the media sector, as a lack of preparedness can leave organizations exposed to the potentially devastating consequences of cyber attacks such as data breaches, theft of intellectual property, and disruption of services. Without an incident response plan in place, media companies may struggle to effectively respond to, contain, and recover from security incidents, highlighting the importance of investing in cybersecurity preparedness to safeguard against evolving cyber threats in today’s digital landscape.
In 2019, malicious insider threats accounted for 23% of cybersecurity breaches in the media industry.
This statistic indicates that in 2019, within the media industry, 23% of cybersecurity breaches were attributed to malicious insider threats. Malicious insider threats refer to incidents where individuals with authorized access to an organization’s systems intentionally and maliciously compromise security or data. This statistic highlights the significant impact of insider threats on the cybersecurity landscape within the media sector, emphasizing the importance of implementing robust security protocols and monitoring measures to protect against such breaches. Organizations in the media industry should consider investing in employee training, access controls, and continuous monitoring to mitigate the risks posed by insider threats and safeguard their sensitive data and systems against potential breaches.
In 2020, 33% of media companies cited limited budget as the main constraint to improving their cybersecurity measures.
In 2020, the statistic shows that 33% of media companies identified limited budget as the primary obstacle hindering their ability to enhance cybersecurity measures. This indicates that a significant portion of media companies perceive financial constraints as a major challenge in investing in robust cybersecurity defenses. The statistic suggests that despite the increasing emphasis on cybersecurity in the digital landscape, a considerable number of media organizations may struggle to allocate sufficient resources to adequately protect their data and systems from potential cyber threats and attacks due to budgetary limitations.
More than 40% of media companies have experienced a DDoS attack.
The statistic that more than 40% of media companies have experienced a DDoS (Distributed Denial of Service) attack indicates a widespread and significant threat to this industry. DDoS attacks involve overwhelming a system with an excessive amount of traffic to disrupt its normal functioning, often leading to downtime and financial losses. The fact that such a large proportion of media companies have been targeted suggests that they are particularly vulnerable to this type of cyber threat. This statistic underscores the importance of investing in robust cybersecurity measures to protect against DDoS attacks and mitigate the potential impact on operations and reputation within the media sector.
In 2021, cloud-based attacks in the media industry are projected to increase by 20%.
The statistic “In 2021, cloud-based attacks in the media industry are projected to increase by 20%” indicates a forecasted rise in cybersecurity threats targeting cloud-based systems within the media sector for the year 2021. This suggests that malicious actors are expected to increasingly target media companies through vulnerabilities in their cloud infrastructure, potentially leading to data breaches, system disruptions, and other cyber incidents. The projected 20% increase signifies a significant escalation in the frequency and severity of cloud-based attacks within the media industry, highlighting the pressing need for enhanced cybersecurity measures and resilience strategies to mitigate these evolving threats and safeguard sensitive data and operations.
Large media organisations are 36% more likely to be targeted by hackers than smaller companies.
The statistic stating that large media organizations are 36% more likely to be targeted by hackers than smaller companies indicates that there is a significantly higher risk of cyberattacks for larger entities within the media industry. This suggests that the size and prominence of these organizations make them prime targets for cybercriminals seeking to exploit vulnerabilities and gain unauthorized access to sensitive information or disrupt operations. The larger attack surface area and potentially higher stakes associated with large media companies may make them more appealing targets for hackers compared to smaller and less well-known companies. As such, it is crucial for these organizations to prioritize cybersecurity measures to protect their data, systems, and reputation from malicious cyber threats.
63% of media and entertainment firms do not test their security incidents response plans regularly.
The statistic stating that 63% of media and entertainment firms do not test their security incidents response plans regularly highlights a concerning trend within the industry. Security incidents in the media and entertainment sector can have significant implications ranging from data breaches to service disruptions. The fact that a majority of firms are neglecting to regularly test their response plans suggests a potential vulnerability in their ability to effectively and efficiently respond to security threats. Without regular testing and validation of these plans, firms may be ill-prepared to handle security incidents, leaving them susceptible to potential financial losses, reputation damage, and regulatory penalties. This statistic underscores the importance of prioritizing proactive measures to strengthen cybersecurity resilience within media and entertainment organizations.
Media and entertainment companies lose an average of $330,000 per security incident.
The statistic “Media and entertainment companies lose an average of $330,000 per security incident” quantifies the financial impact of cybersecurity breaches within this industry. This means that when a security incident occurs, such as a data breach or cyber attack, these companies face significant financial losses amounting to $330,000 on average per incident. These losses can be attributed to various factors, including the costs of investigating the incident, remediation efforts, potential legal fees, regulatory fines, and reputational damage. The statistic underscores the importance for media and entertainment companies to invest in robust cybersecurity measures to protect their sensitive data and prevent future financial losses.
More than 25% of media companies delayed digital transformation projects due to cyber risks in 2019.
The statistic suggests that a significant portion, specifically more than a quarter (25%) of media companies, decided to postpone their digital transformation initiatives in 2019 due to concerns related to cyber risks. This indicates that these companies viewed cybersecurity threats as significant enough to affect their strategic decisions regarding technological advancements. Such delays could potentially impact the competitiveness, innovation, and overall performance of these media organizations as they navigate the balance between leveraging digital technologies for growth and ensuring robust security measures to safeguard their assets and data.
References
0. – https://www.www.bsigroup.com
1. – https://www.www.accenture.com
2. – https://www.www.pwc.com
3. – https://www.www.csoonline.com
4. – https://www.www.ibm.com
5. – https://www.www.researchandmarkets.com
6. – https://www.www.upguard.com
7. – https://www.www.varonis.com
8. – https://www.www.dimensiondata.com
9. – https://www.www.netskope.com
10. – https://www.gdpr.report
11. – https://www.www.darkreading.com
12. – https://www.www.microsoft.com
13. – https://www.www.ponemon.org
