GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Tech Industry Statistics

Cybersecurity incidents are on the rise, with 68% of business leaders reporting an increase in security breaches within the tech industry.

In this post, we will explore a variety of eye-opening statistics related to cybersecurity in the tech industry. From the soaring costs of data breaches to the increasing prevalence of cyber attacks, these figures shed light on the challenges faced by organizations and the urgent need for robust cybersecurity measures. Join us as we delve into the key trends shaping this evolving landscape.

Statistic 1

"The average cost of a data breach is $3.86 million globally."

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Statistic 2

"77% of organizations do not have a Cyber Security Incident Response plan."

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Statistic 3

"Cybersecurity spending is predicted to exceed $150 billion in 2021."

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Statistic 4

"84% of US companies expect the risks of cyber-incidents to increase."

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Statistic 5

"The global cybersecurity workforce gap is projected to hit 1.8 million by 2022."

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Statistic 6

"95% of cybersecurity breaches are caused by human error."

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Statistic 7

"The cybersecurity market growth is expected to reach $248.26 billion by 2023."

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Statistic 8

"As of January 2021, there were over 4,000 ransomware attacks every day."

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Statistic 9

"The most expensive component of a cyber attack is information loss, which represents 43% of costs."

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Statistic 10

"Cybercrime will cost the world $10.5 trillion annually by 2025."

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Statistic 11

"The tech industry has the highest average cost per record breached at $429."

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Statistic 12

"1 in 50 emails are phishing attacks, the majority targeting the tech industry."

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Statistic 13

"DDoS attacks continue to be a major threat, with a reported increase of 967% in 2021."

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Statistic 14

"80% of tech companies have experienced a cybersecurity incident in the past year."

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Statistic 15

"Around 75% of the healthcare industry has been infected with malware at some point in time."

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Statistic 16

"More than 59% of companies experienced malicious code and botnet attacks in 2020."

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Statistic 17

"The tech industry sees an 18% higher exposure to cyber risk compared to other sectors."

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The statistics presented highlight the critical importance of cybersecurity in the tech industry. With the average cost of a data breach soaring globally and a significant lack of organizations having a Cyber Security Incident Response plan, it is clear that proactive measures must be taken. The predicted increase in cybersecurity spending speaks to the growing recognition of cyber threats, especially as cyber incidents continue to rise. Human error remains a prevalent cause of breaches, emphasizing the need for education and awareness within organizations. As cybercrime continues to evolve and adapt, it is essential for tech companies to prioritize cybersecurity to protect sensitive data and mitigate financial losses.

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