The Scary Truth About Cyber Security Facts and Stats

The Scary Truth About Cyber Security

The cyber security industry is growing as you’re reading this. More specialists join the ranks, more malware is being launched every day than ever before: 230,000 new malware samples/day according to the latest statistics. Naturally, more resources are being deployed to counter cyber attacks. That’s why I thought it would be helpful to sum up 11 cyber security facts that define the current information security landscape.

One of these essential facts is the estimated annual cost for cyber crime committed globally which has added up to 100 billion dollars. And don’t think that all that money comes from hackers targeting corporations, banks or wealthy celebrities. Individual users like you and me are also targets. As long as you’re connected to the Internet, you can become a victim of cyber attacks.

So that’s why we wanted to walk you through some of the scary truth about cyber security that you wish you’d known.

11 Alarming Cyber Security Facts and Stats

  1. There is a hackers attack every 39 seconds, affecting one in three Americans each year.
  2. 95 percent of breached records came from three industries in 2016: Government, retail, and technology.
  3. 43 percent of cyber attacks target small business. 64% of companies have experienced web-based attacks.  62% experienced phishing & social engineering attacks. 59% of companies experienced malicious code and botnets and 51% experienced denial of service attacks.
  4. The average cost of a data breach in 2020 will exceed $150 million by 2020, as more business infrastructure gets connected.
  5. Since 2013 there are 3,809,448 records stolen from breaches every day , 158,727 per hour, 2,645 per minute and 44 every second of every day.
  6. Over 75% of health care industry has been infected with malware over last year.
  7. Large-scale DDoS attacks up 140 percent in 2016’s fourth quarter.
  8. Cybersecurity Ventures reportedly estimates that the global cybersecurity space will grow at a CAGR of 9.8% from around $106.3 billion in 2015 to around $170.2 billion by 2020. Approximately $1 trillion is expected to be spent globally on cybersecurity from 2017 to 2021.
  9. More than 209,000 cybersecurity jobs in the U.S. are unfilled, and postings are up 74% over the past five year. Unfilled cybersecurity jobs will reach 1.5 million by 2019.
  10. The risk is real with IoT and its growing. According to figures compiled within a recent Symantec Internet Security Threat Report, there are 25 connected devices per 100 inhabitants in the US. 50 to 200 billion connected devices by 2020.
  11. Only 38 percent of global organizations claim they are prepared to handle a sophisticated cyberattack.

What does it all mean? Last year, Ginni Rometty, IBM’s chairman, president and CEO, said: “Cyber crime is the greatest threat to every company in the world.”

IBM Ginni Rometty cyber security

And she was right. During the next five years, cyber crime might become the greatest threat to every person, place and thing in the world.

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Sources:

  • https://www.csoonline.com/article/3153707/security/top-5-cybersecurity-facts-figures-and-statistics-for-2017.html
  • https://heimdalsecurity.com/blog/10-surprising-cyber-security-facts-that-may-affect-your-online-safety/
  • https://itspmagazine.com/from-the-newsroom/keep-calm-and-here-is-a-list-of-alarming-cybersecurity-statistics