In this article, we will talk about the top 8 alarming cybersecurity statistics in 2021.
Cybersecurity is growing every day. But, it still has a long way to go before we can catch up with these threats.
So, we have to know about the current cybersecurity threat landscape. Read on to learn more.
8 Alarming Cybersecurity Statistics in 2021
A Hacker Attack Every 39 Seconds
The University of Maryland revealed the near-constant rate of hacker attacks. For sure, it will shock you.
On average, there is a hack every 39 seconds. Unfortunately, it affects one in three Americans every year.
300% Increase in Reported Cybercrimes
It’s as if the COVID-19 pandemic is not scary enough. Now, hackers even take advantage of the new normal conditions now.
Today, many companies shifted to work-from-home setups. So, they are not very much protected by the IT department of their companies.
That’s why they are more vulnerable to network attacks. In fact, the FBI recorded 12,377 Covid-related scams.
Human Error Causes Cybersecurity Breaches
Just one single click and brings crippling results. That’s what usually happens now in breaches.
Sadly, 95% of breaches happen because of humans. Hackers can attack the company through them. Of course, they are almost never in the IT department.
This also shows that companies should invest in cybersecurity awareness training for their employees. So, everyone can be the company’s first line of defense.
Most Companies Don’t Have a Cybersecurity Incident Response Plan
What’s worse than human error? More than 77% of companies don’t have an incident response plan.
So when incidents happen, they can’t recover quickly. They also don’t know what to do to mitigate risks.
Even big companies are not exempted from this. In fact, big names such as Equifax, Capital One, and Facebook were also affected.
Ironically, it took them months before they detected a breach. So, private information may already be compromised before you even know it.
Total Cost for Cybercrime Globally Will Reach Trillions by 2021
Cybercrime is one of the greatest threats. Studies also show that the total cost for it will reach $6 trillion by 2021.
And yet this number doesn’t only come from corporations, banks, or wealthy celebrities. Even individuals can be a target. As long as you are on the Internet, you can be a victim, too.
Cyber Attacks Target Small Business
43% of attacks actually target small businesses. And this is likely because they almost never invest in security tools.
In fact, small organizations spend an average of $7.68 million per incident. And most of them experienced phishing & social engineering attacks. Others also experienced malicious code and botnets.
Data Breach Brings Crippling Results
It’s no secret that data breaches are damaging. Most businesses lose money and reputation.
For public companies, there’s much more at stake. On average, it even cost $116 million at a pubicly-traded company.
Organizations Will Prioritize Cybersecurity by 2021
Companies now will make a change in their cybersecurity approach. In fact, approximately $6 trillion is expected to be spent globally.
Now, they realize the value of cybersecurity. And they have to align their budget to our modern landscape.
