Cybersecurity In The Nutraceutical Industry Statistics

In this post, we explore crucial statistics highlighting the cybersecurity landscape within the nutraceutical industry. From the alarming duration it takes to detect and contain breaches to the financial ramifications of data theft, these numbers shed light on the pressing need for enhanced cybersecurity measures in this sector.

Statistic 1

"In 2020, it took companies in the US an average of 207 days to identify a breach, and as much as 69 days to contain."

Statistic 2

"The global cybersecurity market size was valued at $156.5 billion in 2019."

Statistic 3

"The cybersecurity skills shortage affects approximately 70% nutraceutical firms, increasing the risk of data breaches."

Statistic 4

"It is estimated that a company in the nutraceutical industry loses $258 for every stolen record during a data breach."

Statistic 5

"Up to 90% of the total cost of a data breach in small businesses is caused by a human error, prevalent in the nutraceutical industry."

Statistic 6

"Data breaches have increased by over 67% since 2014, a concern for the nutraceutical industry."

Statistic 7

"In 2019, 43% of data breach victims were small businesses, including nutraceutical companies."

Statistic 8

"Over 77% of organizations do not have a Cybersecurity Incident Response Plan, putting nutraceuticals at higher risk."

Statistic 9

"The cybersecurity talent shortfall is expected to hit 1.8 million by 2022, leading to increased risk in the nutraceutical industry."

Statistic 10

"70% of medicines worldwide are tampered, threatening the nutraceutical industry’s cybersecurity."

Statistic 11

"In 2020, the global nutraceuticals market size was valued at $382.51 billion, indicating the importance of cybersecurity."

Statistic 12

"The cost of cyber crimes globally will reach $6 trillion annually by 2021, partly driven by the nutraceuticals industry."

Statistic 13

"There is a hacker attack every 39 seconds in the US, affecting one in three Americans including those in the nutraceutical industry."

Statistic 14

"5.5% of nutraceutical companies experienced cyber-attacks in 2020 leading to financial losses."

The statistics presented indicate a concerning landscape for cybersecurity within the nutraceutical industry. With data breaches on the rise and companies taking significant time to detect and contain breaches, there is a clear need for enhanced cybersecurity measures. The global market size for cybersecurity reflects the growing importance of this issue, particularly given the financial implications associated with data breaches. The lack of cybersecurity skills, incident response plans, and the increasing incidents of human errors further exacerbate the risk for nutraceutical firms. As the industry continues to grow and face cyber threats, it is imperative for companies to prioritize and invest in robust cybersecurity strategies to mitigate potential risks and protect sensitive data.