Incident Response Industry Statistics

In this post, we present a collection of key statistics surrounding the incident response industry, shedding light on the current landscape of cybersecurity preparedness and response strategies. From the substantial market growth projections to the concerning lack of incident response plans among organizations, these statistics underscore the critical importance of proactive cybersecurity measures in today’s digital age.

Statistic 1

"The global Incident Response market size is expected to reach USD 41.03 billion by 2025, exhibiting a CAGR of 14.9%."

Statistic 2

"A 2020 Security Report indicates that 38% of enterprise organizations don’t have an incident response plan."

Statistic 3

"Approximately 53% of organizations report that they don’t test their incidence response plans."

Statistic 4

"Around 29 percent of businesses spend less than $1,000 on their Incident Response plans annually."

Statistic 5

"Nearly 77% of companies don’t have a consistently deployed incident response plan."

Statistic 6

"The time to identify a security incident has improved from 229 days in 2018 to 207 days in 2020."

Statistic 7

"The time to contain an incident has decreased from 73 days in 2018 to 73 days in 2020."

Statistic 8

"It costs an average of $3.92 million to recover from a security breach."

Statistic 9

"The emergency sector subset of Incident Response has an expected growth rate of 5.88% between 2020 and 2025."

Statistic 10

"RSA and Business-Fraud Prevention Partnership survey in 2016 found that 68% of organisations in APAC are unprepared for cybersecurity incidents."

Statistic 11

"61% of IT experts admit having suffered a serious security incident during the previous year, according to Check Point Technologies report."

Statistic 12

"Almost 75% of all legitimate websites have unpatched vulnerabilities, according to a Symantec report."

Statistic 13

"In 2019, 42% of the organizations faced a cyber security incident."

Statistic 14

"The Advanced Persistent Threats (APTs) detection time is reported to be 98 days for retail organizations and 197 days for most organizations."

Statistic 15

"In 2020, phishing or social engineering attacks constituted 14% of the total cybersecurity incidents."

Statistic 16

"57% of businesses agree they’ve experienced an attack due to inadequate security software settings."

Statistic 17

"An average data breach takes around 280 days to identify and contain."

Statistic 18

"23% of companies say that the cost of resolving a cyber-attack is up to $1 million or more."

In conclusion, the statistics paint a concerning picture of the current state of incident response within organizations worldwide. While the Incident Response market is projected to grow significantly, a substantial number of enterprises still lack proper incident response plans and fail to regularly test them. This is further exacerbated by the high costs associated with recovering from security breaches and the long detection and containment times for incidents. The prevalence of unpatched vulnerabilities in legitimate websites and the rise of phishing attacks highlight the urgent need for improved cybersecurity measures and more robust incident response strategies across all sectors.