The Latest Network Security Industry Statistics Explained
Global cybersecurity market’s expected growth to reach $354 billion by 2026.
The statistic “Global cybersecurity market’s expected growth to reach $354 billion by 2026” indicates the projected increase in the global cybersecurity market value over the next few years. This growth represents the expanding demand for cybersecurity products and services to combat the rising threats in the digital landscape. Factors contributing to this growth include the proliferation of technologies like cloud computing, IoT, and big data, which have increased vulnerabilities and risks for organizations worldwide. The forecasted growth suggests an increased awareness and investment in cybersecurity measures by businesses and governments to safeguard their sensitive data and infrastructure against cyber threats and attacks.
The average cost of a data breach in 2020 was $3.86 million.
The statistic ‘The average cost of a data breach in 2020 was $3.86 million’ represents the typical financial impact that organizations faced as a result of data breaches during that year. This average cost includes expenses related to investigating and responding to the breach, remediation efforts, regulatory fines, legal fees, lost business, and reputational damage. Data breaches can have severe financial consequences for businesses, leading to significant financial losses and potentially affecting their long-term viability. The statistic highlights the growing importance of investing in robust cybersecurity measures to protect sensitive information and mitigate the financial risks associated with data breaches.
92.4% of malware is delivered via email.
The statistic ‘92.4% of malware is delivered via email’ indicates that the overwhelming majority of malicious software is distributed through email communication channels. Malware, which encompasses a wide range of harmful software such as viruses, ransomware, and trojans, poses significant cybersecurity risks to individuals and organizations. This statistic highlights the prominence of email as a common vector for cyberattacks, emphasizing the importance of maintaining robust email security measures, such as spam filters, antivirus software, and user awareness training, to mitigate the threat of malware infections and protect sensitive data from potential breaches.
Only 5% of companies’ folders are properly protected, on average.
The statistic ‘Only 5% of companies’ folders are properly protected, on average’ indicates that a very small proportion of companies have implemented sufficient cybersecurity measures to protect their digital data. This suggests that the majority of companies are potentially vulnerable to data breaches, hacking, or other cybersecurity threats. The low percentage highlights a concerning lack of attention or investment in cybersecurity practices across various industries, emphasizing the need for organizations to prioritize data security to mitigate risks and safeguard sensitive information from potential malicious actors.
The frequency of ransomware attacks is projected to increase to every 11 seconds in 2021.
The statistic states that the frequency of ransomware attacks is expected to increase significantly to occur every 11 seconds in 2021. This projection highlights the growing threat of ransomware attacks in the current digital landscape, indicating a rapid escalation in cybercriminal activities targeting individuals and organizations. The shortened time interval between attacks underscores the urgency for cybersecurity measures to be strengthened and for individuals and businesses to be more vigilant in protecting their data and systems from malicious cyber threats. This statistic serves as a stark warning of the escalating risks posed by ransomware attacks and the critical need for proactive cybersecurity strategies to mitigate these threats effectively.
64% of organizations have experienced a web-based attack.
The statistic “64% of organizations have experienced a web-based attack” indicates the prevalence of cyber threats faced by organizations. This means that a majority of organizations have encountered some form of malicious activity targeting their web-based systems, such as malware infections, phishing attempts, or denial-of-service attacks. The high percentage underscores the importance for organizations to prioritize cybersecurity measures and invest in robust defenses to safeguard their online assets and sensitive data from potential cyber attacks. This statistic highlights the ongoing threat environment that organizations operate in and the need for proactive cybersecurity strategies to mitigate the risks associated with web-based attacks.
Network attacks targeting the US government sector increased by 168% in 2020.
The statistic that network attacks targeting the US government sector increased by 168% in 2020 suggests a significant and concerning rise in cybersecurity threats faced by the government. This sharp increase reflects the growing sophistication and frequency of cyber attacks, potentially posing severe risks to national security, data integrity, and public services. The surge in network attacks highlights the urgent need for enhanced cybersecurity measures, resources, and practices within the government sector to mitigate vulnerabilities and safeguard critical infrastructure and sensitive information from malicious actors. It also underscores the evolving nature of cyber threats and the continuous efforts required to stay ahead of cybercriminals in safeguarding government networks and systems.
More than 77% of organizations do not have a cybersecurity Incident Response plan.
The statistic stating that more than 77% of organizations do not have a cybersecurity Incident Response plan indicates a significant gap in preparedness for addressing cyber threats and incidents. Without a structured plan in place, organizations are vulnerable to potential breaches, data losses, and other cybersecurity incidents that could compromise their systems and operations. This highlights the need for organizations to prioritize implementing and regularly updating Incident Response plans to effectively detect, respond to, and recover from cyber incidents in a timely and efficient manner, ultimately enhancing their overall cybersecurity posture.
The annual cost of cybercrime damages expected to reach $6 trillion by 2021.
The statistic refers to the projected total economic cost of cybercrime damages that are expected to reach $6 trillion by the year 2021. This figure represents the estimated financial impact of various forms of cybercrime, including data breaches, ransomware attacks, cybersecurity incidents, and other malicious activities that target individuals, organizations, and governments globally. The alarming increase in cybercrime damages underscores the growing threat posed by cyber attacks in our increasingly digitized world, emphasizing the importance of effective cybersecurity measures and strategies to safeguard against potential financial losses, reputational damage, and disruptions to business operations.
The annual cost of cybercrime is to double from 3 trillion dollars in 2015 to 6 trillion dollars in 2021.
This statistic suggests that the total financial impact of cybercrime is projected to increase significantly over a 6-year period, rising from 3 trillion dollars in 2015 to 6 trillion dollars in 2021. This doubling of the annual cost indicates a rapid acceleration in the economic losses attributed to cybercriminal activities worldwide. Factors contributing to this escalation may include the increasing sophistication of cyber threats, the growing reliance on digital technology across industries, and the expanding interconnectedness of global networks. The forecasted surge in cybercrime costs underscores the critical need for organizations, governments, and individuals to prioritize cybersecurity measures, enhance threat detection and response capabilities, and invest in innovative solutions to mitigate the financial, operational, and reputational risks posed by cyber threats.
68% of business leaders feel their cybersecurity risks are increasing.
The statistic that 68% of business leaders feel their cybersecurity risks are increasing indicates that a significant majority of professionals in managerial positions believe that the threats to their organization’s online security are on the rise. This statistic suggests that these leaders perceive a growing likelihood of cyberattacks or data breaches impacting their operations. The increasing concerns about cybersecurity risks could lead organizations to prioritize investments in cybersecurity measures to enhance their resilience against potential threats and protect their valuable data and assets.
It takes an average of 280 days to identify and contain a data breach.
This statistic indicates that, on average, organizations take 280 days to detect and mitigate the impact of a data breach once it has occurred. This time period encompasses the identification of the breach, understanding the scope and severity of the incident, taking necessary steps to contain and remediate the breach, as well as implementing measures to prevent future breaches. A longer identification and containment period can result in increased damages, higher financial costs, reputational harm, and potential legal consequences for an organization. Therefore, efficient detection and response to data breaches are crucial for minimizing the impact and mitigating risks associated with cybersecurity incidents.
The healthcare industry had the highest cost of a data breach at $7.13 million.
The statistic indicating that the healthcare industry had the highest cost of a data breach at $7.13 million highlights the significant financial impact of cyberattacks on healthcare organizations. This substantial cost encompasses expenses related to breach detection, notification, recovery, legal fees, regulatory fines, and reputational damage. Healthcare data breaches not only result in financial losses but also jeopardize patient privacy and trust in the industry. The high cost underscores the urgent need for robust cybersecurity measures and proactive risk management strategies to safeguard sensitive patient data and mitigate the detrimental effects of data breaches in the healthcare sector.
By 2022, an estimated 150 million people may obtain digital healthcare services provided across international borders.
The statistic indicates that by the year 2022, it is projected that around 150 million individuals worldwide will have access to digital healthcare services offered by providers outside their own countries. This suggests a significant growth in the adoption of telemedicine and cross-border healthcare solutions, which enable patients to consult with healthcare professionals, receive medical advice, access treatment, and procure medications remotely. The increasing use of digital technologies and the globalization of healthcare services have made it possible for individuals to seek healthcare assistance from providers located in different countries, thus opening up new opportunities for improving healthcare accessibility and quality on a global scale.
The damage related to cybercrime is projected to hit $6 trillion annually by 2021.
The statistic that the damage related to cybercrime is projected to reach $6 trillion annually by 2021 signifies the growing impact and financial cost of cyber threats on businesses and individuals worldwide. This projection highlights the increasing frequency and sophistication of cyberattacks, resulting in significant monetary losses due to data breaches, ransomware, financial fraud, and other malicious activities conducted in the digital realm. As organizations and individuals become more interconnected and reliant on technology, the potential financial ramifications of cybercrime continue to escalate, emphasizing the urgent need for robust cybersecurity measures and proactive risk management strategies to mitigate these threats effectively and safeguard against cyber incidents.
It’s estimated that in 2021, a new organization will fall victim to ransomware every 11 seconds.
The statistic indicates that in the year 2021, a new organization is expected to become a victim of ransomware approximately every 11 seconds. This suggests a disturbingly high frequency of ransomware attacks targeting organizations globally. Ransomware attacks involve malicious actors deploying software to encrypt the victim’s data and demanding a ransom for its release. The rapid pace of these attacks underscores the importance of robust cybersecurity measures and proactive strategies to protect against such threats. Organizations need to prioritize cybersecurity awareness, training, and defense mechanisms to safeguard their data and critical operations from the increasing risk posed by ransomware attacks.
It’s projected that by 2021, cybercrime will more than triple the number of unfilled cybersecurity jobs, which is predicted to reach 3.5 million.
The statistic suggests that by the year 2021, the prevalence of cybercrime is expected to increase significantly, potentially surpassing the number of unfilled cybersecurity job positions. With cybersecurity threats on the rise, there is a growing concern that the already substantial shortage of skilled cybersecurity professionals will be further exacerbated. The prediction of reaching 3.5 million unfilled cybersecurity jobs highlights the urgent need for more individuals to enter the field of cybersecurity to combat the escalating threat landscape. Addressing this gap in skilled professionals is crucial in order to effectively protect organizations, data, and individuals from the increasing risks associated with cybercrime.
Phishing attacks account for more than 80% of reported security incidents.
The statistic that phishing attacks account for more than 80% of reported security incidents highlights the prevalence and significance of this particular type of cyber threat in today’s digital landscape. Phishing attacks involve malicious attempts to deceive individuals into sharing sensitive information such as login credentials, financial details, or personal data. These attacks can take various forms, including emails, text messages, or phone calls that impersonate legitimate sources to trick recipients. The high percentage of reported security incidents attributed to phishing underscores the need for organizations and individuals to prioritize awareness, education, and robust cybersecurity measures to mitigate the risks associated with such deceptive tactics and safeguard against potential data breaches or financial losses.
References
0. – https://www.www.accenture.com
1. – https://www.www.varonis.com
2. – https://www.www.upguard.com
3. – https://www.www.cybintsolutions.com
4. – https://www.www.ibm.com
5. – https://www.atlasvpn.com
6. – https://www.purplesec.us
7. – https://www.cybersecurityventures.com
