Are you concerned about cybersecurity for your company? Are you wondering how safe you are? Or maybe you just want to learn more about cybersecurity to protect yourself.
We are living in a more digital age than ever before. This can seem like a blessing, but it also makes us even more vulnerable to cyberattacks. Knowing the latest cybersecurity industry statistics will help you get ahead of hackers.
The more aware you are, the easier it will be to develop and enforce proper IT security protocols for your business.
If you are unsure where to start, this guide is for you. Keep reading!
Most Common Types of Cyberattacks
One of the most common types of cyberattacks is phishing. Phishing is when an attacker uses fraudulent emails or websites to trick victims into revealing sensitive information. According to a 2019 report, phishing attacks are increasing and becoming more sophisticated.
Ransomware is another common type of cyberattack that accounts for 4,000 attacks each day. Ransomware is a type of malware that encrypts a victim’s data and demands a ransom be paid in order to decrypt it. If the ransom is not paid, the attacker will delete the victim’s data.
Other common cyberattacks include denial-of-service (DoS) attacks and SQL injection attacks. These attacks have increased by nearly 300% in the past year alone.
Costs of Cybercrime
The cost of cybercrime is constantly on the rise. The latest IT industry statistics show that it is now estimated to cost businesses globally around $600 billion per year. This is a massive increase from the $400 billion per year estimated just two years ago, showing no signs of slowing down.
The average data breach cost is now $3.86 million, and the average cost of a malware attack is $2.6 million. In addition, there are also indirect costs that can include business disruption, damage to reputation, and loss of customer trust.
Shortage of Cybersecurity Professionals
To protect data and systems, companies need to invest in cybersecurity. However, there is currently a global shortage of skilled cybersecurity workers. A poll reported over 63% has cybersecurity staff shortages among the participating companies.
What You Can Do
To protect your organization from cyber attacks, you must ensure that it’s CMMC compliant, especially if you’re operating DoD information. Learn more about CMMC compliance here. Businesses must also keep up to date with the latest cybersecurity industry trends and ensure that their defenses continuously evolve.
Additionally, training your employees in the IT department about cybersecurity awareness can help them identify and avoid attacks. Implementing security controls like encryption can also help reduce the risk of a breach.
Cybersecurity Industry Statistics That Will Make You Act Now
The latest cybersecurity industry statistics show that the number of cyber attacks is increasing at an alarming rate. Businesses need to be aware of the latest trends, especially about the most common types and costs of cybercrime.
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