The Latest Cybersecurity In The Supplement Industry Statistics Explained
The global market for dietary supplements was valued at $123.28 billion in 2019.
The statistic indicates that the total market value for dietary supplements worldwide was $123.28 billion in the year 2019. This value represents the total revenue generated from the sale of various types of dietary supplements including vitamins, minerals, herbal supplements, and other related products. The significant market size suggests a growing demand for dietary supplements globally, driven by increasing health awareness, changing lifestyles, and a shift towards preventive healthcare practices. This statistic is important for businesses operating in the dietary supplement industry, as it highlights the potential for growth and opportunities for market expansion in this sector.
The cyber security market size is expected to reach $167.13 billion in 2025.
The statistic indicates that the cyber security market is projected to grow significantly and reach a market size of $167.13 billion in the year 2025. This growth is likely driven by the increasing frequency and sophistication of cyber threats, as well as the growing reliance of businesses, governments, and individuals on digital technologies and online platforms. The rising awareness of the importance of protecting sensitive data and networks has led to an increased investment in cyber security solutions and services. This statistic highlights the expanding market potential for companies operating in the cyber security industry and underscores the critical need for robust cyber defense mechanisms in today’s interconnected world.
In 2020, six out of ten businesses reported a cyber-attack, up 38% from the previous year.
In 2020, the statistic indicates that 60% of businesses experienced a cyber-attack, representing an increase of 38% compared to the previous year. This suggests a significant rise in the prevalence of cyber-attacks among businesses within a one-year period. The data highlights the growing threat posed by cyber-attacks and the increasing vulnerability of businesses to such risks. The sharp increase in cyber-attacks underscores the importance for businesses to enhance their cybersecurity measures and invest in robust protection strategies to safeguard their sensitive information and mitigate potential financial and reputational damages resulting from cyber incidents.
Ransomware is expected to attack a business every 11 seconds by 2021.
The statistic “Ransomware is expected to attack a business every 11 seconds by 2021” indicates the alarming rate at which cybercriminals are engaging in ransomware attacks targeting businesses. This projection underscores the growing threat that ransomware poses to organizations, highlighting the need for robust cybersecurity measures to protect sensitive data and prevent costly disruptions. The frequency of attacks, occurring approximately every 11 seconds, reflects the evolving tactics of cyber attackers and the importance of vigilance in defending against such threats in the rapidly changing digital landscape. Organizations must prioritize cybersecurity investments and strategies to mitigate the risks associated with ransomware attacks and safeguard their operations and reputation.
68% of business leaders feel their cybersecurity risks are increasing.
The statistic “68% of business leaders feel their cybersecurity risks are increasing” indicates that a significant majority of business leaders perceive a rising threat to their organization’s security from cyber attacks and breaches. This sentiment suggests a growing awareness and concern regarding the vulnerability of their digital assets and information. The statistic does not provide empirical evidence of an actual increase in cybersecurity risks but rather reflects the subjective perceptions of those in leadership positions within companies. Understanding and addressing these perceived risks are crucial for organizations to strengthen their cybersecurity posture and mitigate potential threats effectively.
Only 5% of companies’ folders are properly protected, on average.
The statistic “Only 5% of companies’ folders are properly protected, on average” suggests that a small proportion of companies have taken the necessary measures to adequately secure their important data. This could indicate that a majority of companies are potentially vulnerable to data breaches, unauthorized access, or other cybersecurity threats. The statistic highlights a concerning trend in corporate data security practices and emphasizes the importance of implementing robust measures to protect sensitive information from potential security risks.
Cybersecurity incidents related to health products (including supplements and nutritional products) increased by 73% in 2020.
The statistic indicates that the number of cybersecurity incidents involving health products such as supplements and nutritional products rose by 73% in 2020 compared to previous years. This suggests a significant increase in the number of security breaches and cyberattacks targeting the healthcare industry, particularly products related to health and wellness. The rise in cybersecurity incidents could potentially put consumer data and health information at risk, highlighting the importance of implementing robust cybersecurity measures to protect against cyber threats in the health sector. Efforts to enhance cybersecurity practices and safeguard sensitive information in the health product industry are crucial to mitigating the risks associated with cyber threats and ensuring the security and privacy of consumers.
Data breaches exposed 36 billion records in the first half of 2020.
The statistic ‘Data breaches exposed 36 billion records in the first half of 2020′ indicates a concerning trend of increasing digital security vulnerabilities and potential privacy risks. This staggering number signifies a significant breach in data security measures across various industries and organizations, posing serious threats to the confidentiality and integrity of personal and sensitive information. The sheer volume of exposed records points to the urgent need for enhanced cybersecurity measures, proactive threat detection, and rapid response strategies to mitigate the risks associated with data breaches and safeguard individuals’ and businesses’ data from potential exploitation and misuse.
65% of companies with more than 5,000 employees were targeted by spear-phishing in 2019.
The statistic “65% of companies with more than 5,000 employees were targeted by spear-phishing in 2019” indicates that a significant proportion of large organizations were victims of targeted email scams aimed at obtaining sensitive information or access to systems. Spear-phishing involves highly tailored emails sent to specific individuals within a company in an attempt to deceive them into revealing confidential information or clicking on malicious links. The high prevalence of spear-phishing attacks among companies with over 5,000 employees highlights the vulnerability of large organizations to these sophisticated cyber threats, emphasizing the importance of implementing robust cybersecurity measures and employee training to mitigate the risks associated with such attacks.
Dietary supplement industry is forecasted to reach $230.7 billion by 2027.
The statistic that the dietary supplement industry is forecasted to reach $230.7 billion by 2027 represents a projection of the industry’s expected total revenue in that year. This figure reflects the anticipated growth and expansion of the market for dietary supplements, which are products designed to supplement one’s diet with nutrients, vitamins, minerals, herbs, or other substances. The forecasted increase in industry size suggests a rising global demand for these products, driven by factors such as increasing health awareness, aging populations, lifestyle trends, and a growing focus on preventative healthcare. This statistic serves as a crucial indicator for businesses operating in the dietary supplement sector, informing strategic decisions and investment opportunities for industry stakeholders.
IoT in Healthcare is expected to reach $ 534.3 billion by 2025, and becomes a veritable target for a cyber attack.
The statistic that IoT in Healthcare is expected to reach $534.3 billion by 2025 signifies a significant growth and investment in Internet of Things (IoT) technology within the healthcare industry. This rapid expansion brings along the potential for improved patient care, efficiency, and data management. However, it also highlights the growing concern around cybersecurity threats targeting IoT devices in healthcare settings. The increasing interconnectedness of medical devices and systems makes them vulnerable to cyber attacks, posing risks to patient data privacy, healthcare operations, and overall patient safety. As IoT adoption continues to rise in healthcare, ensuring robust cybersecurity measures will be crucial to safeguard against potential threats and ensure the integrity and security of healthcare systems and patient information.
Supply-chain attacks, which could involve online delivery systems for supplements, spiked 270% in 2020.
The statistic indicating a 270% spike in supply-chain attacks in 2020 refers to a significant increase in cyber attacks that target the supply chain of organizations, particularly those involving online delivery systems for supplements. Supply-chain attacks involve compromising the processes and systems of third-party vendors or partners to gain unauthorized access to targeted organizations’ networks or data. This sharp increase highlights the growing threat and sophistication of cyber attacks aimed at disrupting supply chains, potentially resulting in data breaches, financial losses, and reputational damage for companies in the supplement industry. Organizations need to prioritize cybersecurity measures, such as implementing strong authentication protocols, regular security audits, and employee training, to safeguard against supply-chain attacks and mitigate potential risks.
Only 38% of global organizations claim they are prepared to handle a sophisticated cyber attack.
The statistic stating that only 38% of global organizations claim they are prepared to handle a sophisticated cyber attack highlights a concerning lack of readiness in a majority of organizations worldwide. Cyber attacks are becoming increasingly prevalent and sophisticated, posing serious threats to sensitive data, operations, and reputation of businesses. The statistic suggests that a significant portion of organizations may be vulnerable to cyber threats due to inadequate preparedness measures, such as robust cybersecurity protocols, staff training, incident response plans, and regular security assessments. Addressing this lack of preparedness is crucial for organizations to effectively mitigate the risks associated with cyber attacks and safeguard their assets and stakeholders from potential harm.
It is expected that by 2021, there will be 3.5 million unfilled cybersecurity jobs globally.
The statistic stating that by 2021, there will be 3.5 million unfilled cybersecurity jobs globally highlights a significant gap between the demand for cybersecurity professionals and the available talent pool. This shortage of skilled cybersecurity professionals poses a serious challenge for organizations across different industries, as cyber threats continue to evolve and increase in complexity. The increasing number of unfilled cybersecurity positions indicates a growing need for qualified individuals who can help protect sensitive data, systems, and networks from cyber attacks, ultimately emphasizing the critical importance of investing in cybersecurity education and training programs to address this gap and enhance global cybersecurity resilience.
43% of cyber attacks target small businesses, which the majority of new supplement companies are.
The statistic that 43% of cyber attacks target small businesses is concerning for the majority of new supplement companies, as they fall under the category of small businesses. This highlights the vulnerability of new supplement companies to cyber threats and underscores the importance of prioritizing cybersecurity measures to protect sensitive customer data, financial information, and intellectual property. With the rise of online sales and digital operations in the supplement industry, small businesses must invest in robust cybersecurity measures to mitigate the risks associated with cyber attacks and safeguard their operations and reputation.
With robust cyber security, the supplement industry can protect a potential of $230.7 billion worth of business by 2027 from cyber attackers.
The statistic suggests that implementing robust cyber security measures within the supplement industry has the potential to safeguard approximately $230.7 billion worth of business by the year 2027 from cyber attackers. This indicates the substantial financial risk that the industry faces due to cyber threats and the significant value that could be protected through effective cybersecurity strategies. By investing in advanced security protocols, such as encryption, firewalls, and regular security assessments, the supplement industry can mitigate the inherent vulnerabilities associated with operating in a digital environment and safeguard its assets, revenue, and reputation from malicious cyber attacks.
The average cost of a data breach in 2020 is $3.86 million.
The statistic that the average cost of a data breach in 2020 is $3.86 million represents the financial impact that organizations may face as a result of potential cybersecurity incidents. This figure takes into account various factors such as costs associated with response and recovery efforts, regulatory fines, legal fees, loss of business, reputation damage, and other related expenses. It highlights the growing importance for businesses to prioritize data security measures to protect sensitive information and mitigate the risks of data breaches. Monitoring and improving cybersecurity practices can help organizations reduce the likelihood and potential financial consequences of such incidents, ultimately safeguarding both their assets and reputation.
77% of organizations do not have a Cybersecurity Incident Response plan.
The statistic that 77% of organizations do not have a Cybersecurity Incident Response plan indicates a concerning lack of preparedness among a large majority of companies to effectively handle cyber threats and breaches. Cybersecurity Incident Response plans are crucial for quickly and efficiently responding to security incidents, mitigating potential damages, and safeguarding sensitive data. Without such a plan in place, organizations are at a higher risk of financial losses, reputational damage, and regulatory penalties in the event of a cyber attack. This statistic underscores the urgent need for organizations to prioritize cybersecurity preparedness and implement robust incident response strategies to better protect their assets and stakeholders.
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