![]() 57% of organizations surveyed suffered a successful phishing attack in 2020.83% of UK businesses and 91% of large UK firms report phishing attacks as the source of a data breach.48% of the Ponemon Institute study’s respondents suffered phishing/social engineering attacks.27% of phishing sites in 2019 used HTTPS to trick targets into thinking the site was safe.2019 saw a 640% increase in phishing attempts compared to 2018.$17,700 total losses per minute due to phishing. ![]() 99% (or more) of attacks observed require human action, including interacting with phishing links (etc.) or interacting with malicious files on the system.21% of current or former employees use social engineering against their past/present employers for financial gain, revenge, out of curiosity, or for fun.Take a look at these phishing statistics to give yourself a better idea of the dangers involved: One of the most common forms of social engineering attacks is phishing, when an attacker sends a fraudulent message (usually by email, but also by SMS or even phone call) to manipulate the target, usually to click a malicious link. The aim is to manipulate the target into revealing confidential information and/or to take actions that will result in such information being revealed to the attacker. Social engineering is a form of cyberattack that focuses on the psychological manipulation of people rather than technology. 35 million cybersecurity jobs will go unfilled globally in 2021.Successfully containing a data breach in less than 200 days yields average savings of $1.12 million compared to taking more than 200 days to do so.$30.9 billion will be spent on AI-based cybersecurity solutions by 2025.Ĭybersecurity expenditure will also include measures for identifying and containing a breach:.Total information security spending will reach $170.4 billion in 2022.The Gartner 2021 CIO Agenda Survey also reveals that “ 61% of respondents are increasing investment in cyber/information security” for 2021.Total Information Security & Risk Management spending will exceed $150 billion in 2021.50% of companies with more than 10,000 employees spend $1 million or more on cybersecurity each year 43% spend between $250,000 and $999,999 and 7% spend less than $250,000 a year.Cybersecurity spending reached around $40.8 billion in 2019, with an estimated forecast of over $54 billion for 2021.The average spending on cybersecurity per full-time employee increased from $2,337 in 2019 to $2,691 in 2020.After 1 year, share prices have dropped an average of 8.6% after 2 years, 11.3% and after 3 years, 15.6%.Ĭompanies are naturally more willing to spend money on preventative and responsive measures through cybersecurity budgeting with so much to lose.Share values hit their lowest approximately 110 market days after the breach.An average drop in stock value of 7.27%.Some of the key findings on the impact of these breaches include: An estimated average of $170,000 in ransom fees is demanded per incident.Īnd a study by Comparitech analyzed the closing share prices of 34 companies listed on the New York Stock Exchange that had suffered mega-breaches of 1 million to over 100 million leaked records.13% of businesses, in general, lose more than 50% of their customers.57% of managed service providers (MSPs) lose 11% to 20% of their customers.The average cost of a data breach in the financial industry for 2020 is $5.85 million.The average cost of a data breach in the healthcare industry for 2020 is $7.13 million.Lost business in the aftermath of a data breach accounts for an average loss of $1.52 million.The average cost per record of customer PII (Personally Identifiable Information) is $175 and accounts for approximately $5.9 million of the total cost of a data breach.For the past 10 years, the healthcare industry suffers the highest average data breach costs at $7.13 million.The average cost of a mega-breach ( 50 million+ records) is $392 million.The global average cost of a data breach is $3.86 million, up from $2.6 million in 2019. ![]()
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