Complete Data Statistics

Cybersecurity is an increasingly important concern for internet users to maintain the safety of their information. As more and more people use the internet, cybersecurity is becoming a necessity.

Cybercrime is a serious threat to businesses today. The rise of data breaches and hacking, most often involving workplace devices, is indicative of this fact. Many organizations have poor security practices, making them vulnerable to cyber threats. The presence of a global pandemic exacerbates these risks.

Cyber security statistics are provided here to help you plan your defense.

          Cyber Crime Statistics

• • • Every 14 seconds, companies are targeted by a ransomware attack. (Cybercrime Magazine)
    • Every year, one in ten small businesses suffers a cyberattack. (Insurance Information Institute)
    • Cyberattacks take place every 39 seconds. (University of Maryland)
    • 37% of all cyberattacks directed toward businesses are phishing attacks. (Statista)
    • More than 90% of successful attacks against businesses originate from phishing. (KnowBe4)
    • The largest DDoS attack was 1.3 terabytes per second. (Cloudflare)

          Cybersecurity Damage and Cost Statistics

• • • The annual cost of cybercrime is expected to reach $6 trillion by 2021. (Cybersecurity Ventures)
    • In early 2018, the city of Atlanta spent $17 million to recover from a ransomware attack. (SC Magazine)
    • Formjacking attacks cause $2.2 million in damage per month. (Symantec)
    • In 2019, more than 4 billion user accounts were exposed by data breaches. (Risk Based Security)
    • The biggest security breach in history, which occurred in 2014 and affected 3 billion user accounts. (Cybersecurity Ventures)
    • The second-biggest breach occurred in 2014. It affected 885 million accounts at First American Financial Corp. (Cybersecurity Ventures)

          Cyber Security Statistics – A Survey of Key Findings

• • • In the wake of the COVID-19 pandemic, more than half (60%) of consumers reported an increased concern for data safety.
    • In 2022, cyberattacks caused an estimated $6 trillion in damage.
    • Cybercrimes have cost $2 trillion in damages.
    • Cyberattacks occur every 39 seconds, and ransomware attacks happen every 14seconds.
    • Small businesses spend less than $500 on cybersecurity.

Cybercrime will cost companies worldwide an estimated $10.5 trillion annually by 2025, up from $3 trillion in 2015. This is because of the rapid growth rate of cybercrime. Managed Detection and Response (MDR) is a cybersecurity strategy focused on detecting cyber-attacks before they reach a critical stage. Organizations that use MDR have seen a 50% reduction in the delta of Mean time to detect and Mean time to respond, as well as up to 50% cost savings in cyber security operations.

These are the latest cyber security statistics to help you understand how your business is likely to be affected by a cyber attack.