GITNUX MARKETDATA REPORT 2024

Must-Know Social Engineering Statistics [Current Data]

Statistic 1

"Social engineering is a prevalent threat, with 90% of data breaches having social engineering components and 62% of businesses experiencing attacks in 2018."

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Statistic 2

"71% of IT professionals reported experiencing smishing attacks in 2021, up from 61% in 2020"

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Statistic 3

"Social engineering is a prevalent threat, with 90% of data breaches having social engineering components and 62% of businesses experiencing attacks in 2018."

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Statistic 4

"Phishing scams were the most common cause of ransomware infection in 2020, accounting for up to 54 percent of digital vulnerabilities."

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Statistic 5

"During the first quarter of 2022, financial institutions and web-based software services and webmail were the two highest targeted industries for phishing attacks, accounting for 23.6% and 20.5% of attacks respectively."

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Statistic 6

"In 2020, the IC3 reported over 240,000 victims of phishing, smishing, vishing, and pharming, costing over $54 million in losses, with smishing being the largest phishing type."

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Statistic 7

"71% of IT professionals reported experiencing smishing attacks in 2021, up from 61% in 2020; this increase in smishing attacks is important as it highlights the growing prevalence of social engineering attacks."

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Statistic 8

"The professional sector was the most targeted by malware attacks between November 2020 and October 2021 with 1,234 incidents, followed by the information sector with 775 incidents and the manufacturing industry with 621 incidents."

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Statistic 9

"Cyber insurance adoption is expected to surge over the next decade due to the increasing number of unfilled cybersecurity jobs, which grew from 1 million in 2013 to 3.5 million in 2021 with a zero unemployment rate."

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Statistic 10

"It is estimated that the global cyber insurance market will reach a total market size of 22 billion U.S. dollars by 2025, doubling in size from its current size."

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