Cybersecurity 2020 is rapidly growing every day. This post will consider the top alarming cybersecurity facts and stats you need to know.
Read on to learn more.
Top 7 Alarming Cybersecurity Truths and Stats in 2020
There is a hacker attack every 39 seconds
A study from the University of Maryland states that a hacker attacks every 39 seconds on average. And this affects one in three Americans every year.
The reason? It’s all thanks to our non-secure usernames and passwords. Because of that, attackers have more chances of hacking.
US FBI reported a 300% increase in cybercrimes
Since COVID-19, cybercrimes increase drastically. Hackers use this crisis as an opportunity to attack vulnerable networks.
For one thing, most employees who work in offices are now working from home. So, they don’t have the protection they had with IT teams.
In fact, they recorded 12,377 Covid-related scams. Worse, this only happened last summer.
Cybersecurity breaches are due to human error
Most of the time, cybercriminals can enter company networks not because they don’t have security protection. Rather, they infiltrate through your weakest link—your regular employees.
Studies also show that 95% of breaches happen because of innocent human error. That’s why companies should enhance cybersecurity awareness for employees.
Many organizations do not have a Cyber Security Incident Response plan
What’s worse than human errors? More than 77% of organizations have no response plan for incidents like breaches.
Also, 54% of companies say that they were hit by one or more attacks in the past year.
Most companies take their time in detecting a breach
Major companies are not exempted from data breaches. Unfortunately, most of them take nearly six months to detect.
To name a few, Equifax, Capital One, and Facebook experienced a breach. Sadly, they couldn’t detect it quickly.
So, your private information like passwords and credit card details may already be compromised for you even know about the incident.
Healthcare records were compromised
In September 2020 alone, 9,662,820 records of patients were leaked. According to the HIPAA Journal, hacking incidents happen because of data breaches. And in 2020, they recorded 83 incidents.
The total cost for cybercrime committed globally will reach trillions
We thought that 2020 is the worst year for cybercrime. But, the total cost for cybercrime by 2021 will reach 6 trillion dollars.
Still, don’t think that this will not happen to you. Hackers don’t trust target banks or wealthy celebrities. Even individual users like you and me can also be attacked.
Connected IoT devices will increase
In 2020, the IoT market reached 31 billion connected devices. And it will continue to increase in the coming years. In fact, IoT devices will reach 75 billion by 2025.
Organizations worldwide will invest in cybersecurity
By 2021, experts predict that organizations will change their approach to cybersecurity. They will also prioritize cybersecurity solutions.
With that, approximately $6 trillion is expected to be spent globally. So, they can continue to protect their systems from attacks.
Cyber attacks target small business
Contrary to what we may believe, most hackers target small businesses. Reports state that 43% of all incidents involved SMBs.
Most of these include phishing, social engineering attack, malicious code, botnets, and denial of service attacks.
