Cybersecurity Statistics: 7 Insane Facts

Cybersecurity is intriguing, not only because of its mind-blowing technological aspects, but also because of the importance it has on online organizations. This aspect is not easy to see, especially if you don’t care much about cybersecurity stats. Well, that’s exactly why we’ve created a list of 7 crazy cybersecurity statistics!

#1- Cloud usage is 93% in organizations

Cloud computing is becoming increasingly popular in organizations to store data efficiently, cost-effectively and securely. Traditionally, companies had their own internal data center full of hardware. But this is fundamentally unnecessary and also unsustainable, especially when it comes to low-budget start-ups.

These are all the reasons why 93% of organizations choose the cloud as a means of storing the data they have. Cloud services may seem insecure, and usually they are the first targets, but cloud security has come a long way. They are now secure, accessible, scalable and of course affordable.

#2- A ransomware attack happens every 10 seconds

Ransomware attacks are more common than you might think. Infosecurity Magazine reports that another ransomware attack occurs every 10 seconds. These attacks are usually linked to the peak of remote work; they’re just more vulnerable to ransomware with all those BYOD devices and ineffective cybersecurity methods.

A new attack every 10 seconds means that in just 1 minute, 6 organizations fall victim to this type of attack. If you want to protect your corporate network from ransomware, be sure to secure your email, provide secure remote access for remote workers, and of course enforce strict policies on BYOD devices.

#3- Education is the most vulnerable sector

Cyberattacks do not target all sectors or industries equally. Some industries need to store more sensitive data, and naturally cybercriminals see them as more desirable targets.

Some of these industries most targeted for cyberattacks include government, service providers, or healthcare, but the most vulnerable are something else; education.

Universities and colleges store a large amount of data about their students. But at the same time, they spend too little on cybersecurity to conceal and protect this data. Unfortunately, education is an apparent and unprotected target from cyberattacks.

#4- COVID-19 has boosted cybercrimes

Cybercrime has always been a significant threat to businesses, organizations and, of course, government. This was crucial even before the pandemic, but COVID-19 has really helped cybercriminals a lot thanks to the growing number of teleworkers and greater internet addiction.

According to the FBI, cyberattacks have seen a 300% increase since the start of the pandemic. These attacks consisted primarily of ransomware and phishing; which are clear indications that companies need to educate their employees and also secure their remote connection.

#5- Phishing attacks account for 80% of cyberattacks

Phishing attacks may seem obvious and you may be wondering; “Who even falls in love with them?” But unfortunately, phishing attacks are much more common than you might think and they are one of the biggest cyberattacks that any organization could suffer from.

These type of attacks can be incredibly advanced and you might not be able to tell it’s a phishing attack until it’s all over. The numbers also say this exact thing; phishing attacks account for 80% of all recorded cyberattacks. Sometimes the most obvious is the most dangerous.

#6- Companies have a substantial budget for compliance

Cybersecurity compliance is of great importance to any web-based business. Compliance affects their business continuity, business success and reputation in the eyes of authorities. Being a compliant company is not always easy and comes at a significant cost.

ITGovernance displays this cost by indicating that 88% of companies spend more than a million dollars to comply. Do not mistake yourself; these expenses are a great decision to secure your company’s network, avoid legal problems and guarantee business operations.

#7- Cybercrimes will cost $10.5 trillion in 2025

The cost of all cyberattacks worldwide reached $6 trillion in 2021; but it will continue to increase. The total cost has doubled since 2015, and now experts expect it to hit $10.5 trillion in 2025.

Spending on cybersecurity services is also increasing, but this cybercrime cost estimate is certainly worrying and explains why we need more protection online.

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