GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Toy Industry Statistics

Statistics in the toy industry show an increasing number of cyber attacks targeting companies in this sector, highlighting the importance of strengthening cybersecurity measures to protect sensitive information and consumer data.

With sources from: verizon.com, varonis.com, apwg.org, idc.com and many more

Statistic 1

The global smart toys market, with embedded technology that can lead to cybersecurity risks, was valued at $4.9 billion in 2020.

Statistic 2

It is predicted the smart toys market will grow to $15.5 billion by 2026, increasing the potential cybersecurity threats within the market.

Statistic 3

A Canadian company that manufactures smart toys experienced a data breach that affected over 800,000 customers in 2017.

Statistic 4

A VTech data breach in 2015 exposed the information of 6.4 million children, showing the risk of compromising cybersecurity in the toy industry.

Statistic 5

In 2018, the FBI issued a warning about the cybersecurity risks posed by smart toys.

Statistic 6

72% of all recorded malware attacks in 2019 were ransomware, potentially impacting any industry, including toy manufacturers.

Statistic 7

The average cost of a data breach in 2020 for all industries, including the toy industry, was $3.86 million.

Statistic 8

70% of Americans believe that their personal information is less secure now, an ongoing concern for smart toy manufacturers.

Statistic 9

Only 5% of companies’ folders are properly protected, on average, which can lead to increased cybersecurity risks in all sectors, including the toy industry.

Statistic 10

According to a survey, 88% of organizations reported phishing attempts in 2020, a risk that can also affect smart toy manufacturers.

Statistic 11

The average lifecycle of a phishing site in 2020 was just under 16 hours, demonstrating the rapid evolution of cybersecurity threats that the toy industry must be prepared for.

Statistic 12

94% of malware is delivered via email, this could include potential attacks on toy companies.

Statistic 13

By 2021, cybercrime will cost the world $6 trillion annually, thus hitting every sector, including the toy industry.

Statistic 14

It is estimated that by 2025, approximately 41.6 billion Internet of Things (IoT) devices, including smart toys, will be generating 79.4 zettabytes of data.

Statistic 15

It took businesses an average of 287 days to identify and respond to a data breach in 2020.

Statistic 16

It is predicted that there will be a ransomware attack on businesses every 11 seconds by the end of 2021, a threat that can also affect toy companies.

Statistic 17

Around 63% of companies said their data was potentially compromised within the last twelve months due to a hardware- or silicon-level security breach, this inevitably impacts the toy industry as well.

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In this post, we examine the significant cybersecurity challenges facing the toy industry, particularly with the rise of smart toys embedded with technology. With startling statistics highlighting data breaches, ransomware attacks, phishing attempts, and the growing Internet of Things (IoT) landscape, it becomes evident that toy manufacturers must prioritize cybersecurity measures to safeguard against potential threats.

Statistic 1

"The global smart toys market, with embedded technology that can lead to cybersecurity risks, was valued at $4.9 billion in 2020."

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Statistic 2

"It is predicted the smart toys market will grow to $15.5 billion by 2026, increasing the potential cybersecurity threats within the market."

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Statistic 3

"A Canadian company that manufactures smart toys experienced a data breach that affected over 800,000 customers in 2017."

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Statistic 4

"A VTech data breach in 2015 exposed the information of 6.4 million children, showing the risk of compromising cybersecurity in the toy industry."

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Statistic 5

"In 2018, the FBI issued a warning about the cybersecurity risks posed by smart toys."

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Statistic 6

"72% of all recorded malware attacks in 2019 were ransomware, potentially impacting any industry, including toy manufacturers."

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Statistic 7

"The average cost of a data breach in 2020 for all industries, including the toy industry, was $3.86 million."

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Statistic 8

"70% of Americans believe that their personal information is less secure now, an ongoing concern for smart toy manufacturers."

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Statistic 9

"Only 5% of companies’ folders are properly protected, on average, which can lead to increased cybersecurity risks in all sectors, including the toy industry."

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Statistic 10

"According to a survey, 88% of organizations reported phishing attempts in 2020, a risk that can also affect smart toy manufacturers."

Sources Icon

Statistic 11

"The average lifecycle of a phishing site in 2020 was just under 16 hours, demonstrating the rapid evolution of cybersecurity threats that the toy industry must be prepared for."

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Statistic 12

"94% of malware is delivered via email, this could include potential attacks on toy companies."

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Statistic 13

"By 2021, cybercrime will cost the world $6 trillion annually, thus hitting every sector, including the toy industry."

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Statistic 14

"It is estimated that by 2025, approximately 41.6 billion Internet of Things (IoT) devices, including smart toys, will be generating 79.4 zettabytes of data."

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Statistic 15

"It took businesses an average of 287 days to identify and respond to a data breach in 2020."

Sources Icon

Statistic 16

"It is predicted that there will be a ransomware attack on businesses every 11 seconds by the end of 2021, a threat that can also affect toy companies."

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Statistic 17

"Around 63% of companies said their data was potentially compromised within the last twelve months due to a hardware- or silicon-level security breach, this inevitably impacts the toy industry as well."

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Interpretation

The statistics presented clearly highlight the growing concern of cybersecurity risks within the toy industry, particularly with the rise of smart toys and Internet of Things devices. With the market projected to triple in value by 2026, companies must be increasingly vigilant against data breaches and cyber attacks that can compromise consumer information. The high frequency of phishing attempts, rapid evolution of malware delivery methods, and substantial financial costs associated with cybercrime underscore the urgent need for enhanced cybersecurity measures in all sectors, including the toy industry. Failure to prioritize cybersecurity could not only lead to significant financial losses but also jeopardize consumer trust and safety.

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