It’s time to get the facts straight. It’s been a few tough years for consumers and businesses alike in relation to data breaches. From the Equifax, Yahoo and Deloitte data breach and the NotPetya and WannaCry malware attacks, there wasn’t much room left for breathing. It’s time to start thinking seriously about data security.

This post highlights top cyber security facts and statistics that will put reality into perspective and encourage you to start playing the cyber safe game.

Cyber hackers attack every 39 seconds on the internet. Click To Tweet

Don’t Be Alarmed

  1. 92.4% of malware will attack via email in 2019.
  2. Businesses are hit with a ransomware attack every 14 seconds.
  3. Cyber crime triples the amount of open cybersecurity jobs (which is forecasted to be at 3.5 million by 2021).
  4. Fileless attacks are rapidly evolving and are developed to dodge typical security measures
  5. 77% of attacks that breached companies in 2017 were by fileless techniques.
  6. Only ⅓ of companies believe they have resources to effectively manage security according to Ponemon Institute.
  7. $96 billion will be allocated to cybersecurity spending this year.
  8. Ponemon Institute found that a data attack costs over $5 million.

Cyber Costs

  1. Damage caused by ransomware attacks are expected to hit 11.5 billion in 2019.
  2. $141 is the average cost per record stolen worldwide and $225 on average per record stolen in the US for 2018.
  3. The average US data breach costs companies $1.56 million in post data breach costs.
  4. Losing customers (caused by brand damage and loss of trust) due to a breach costs US companies $4.13 million.

Small Business Statistics

  1. 87% of small business owners do not believe they are at risk for a data breach.
  2. 1 in 3 businesses have security controls.
  3. 61% of small businesses have been attacked in last 12 months.
  4. Cyber attacks cost small to medium sized businesses an average of $2,235,000 for 2017.
  5. A small business will get a malicious email nine times a month in 2018.

Insider Threat Statistics

  1. 47% of businesses are most concerned with a malicious insider, 51% are concerned with accidental breaches and 2% of businesses are undecided.
  2. Verizon DBIR found that 81% of hacking-related breaches were the result of stolen and/or weak passwords.
  3. 55% of the riskiest insider threats are privileged access users.
  4. 90% of organizations feel vulnerable to the insider threat.
  5. 66% of organizations believe internal attacks to be more likely to occur than an external attack.
  6. 52% of employees do not see a risk to their employer with sharing user login credentials.

Take the time and effort to call your senior staff into a meeting to start devising an incident response plan. Being aware and prepared for a potential data attack is the best step you can take in this data-driven world. Don’t miss a blog post. Sign up for the e-newsletter.

Editor’s Note: This article was updated for accuracy and with additional information on June 18, 2018.