The cyber security industry is rapidly growing every day. As more specialists join the ranks, more malware is being launched than ever before: 230,000 new malware samples/day. Although more resources are being deployed to counter cyber attacks, the nature of the industry still has a long way to go before we can, as a whole, catch up with these threats. It’s important for us to define what the current information security and cyber security industry looks like with these alarming 12 cyber security facts and stats:
- There is a hacker attack every 39 seconds, affecting one in three Americans each year.
- 95 percent of breached records came from three industries in 2016: Government, retail, and technology.
- 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.
- The average cost of a data breach in 2020 will exceed $150 million, as more business infrastructure gets connected.
- 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.
- Over 75% of health care industry has been infected with malware over last year.
- Large-scale DDoS attacks up 140 percent in 2016’s fourth quarter.
- Approximately $1 trillion is expected to be spent globally on cybersecurity from 2017 to 2021.
- Unfilled cybersecurity jobs worldwide will reach 3.5 million by 2021. More than 209,000 cybersecurity jobs in the U.S. are unfilled, and postings are up 74% over the past five year.
- By 2020 there will be roughly 200 billion connected devices. 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.
- Only 38 percent of global organizations claim they are prepared to handle a sophisticated cyber attack.
- Total cost for cyber crime committed globally has added up to 100 billion dollars. 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.
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.”
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.