As the world becomes increasingly digital, cybercrime has become a major threat to businesses and individuals alike. According to recent statistics, 43% of all data breaches are caused by cybercrime, with global costs reaching $6 trillion annually. Businesses fall victim to ransomware attacks every 11 seconds on average and 68% of business leaders feel their cybersecurity risks are increasing. It's predicted that these damages will cost the world an estimated $10.5 trillion by 2025 - more than half of which target small businesses - with the average cost per incident being around $3.86 million in 2020 alone. Furthermore, 60% of hacked organizations go out of business within six months after suffering a breach; 95% of all cybersecurity incidents can be attributed to human error; over 90% start from phishing emails; 85% have faced phishing attacks at some point or another; 300,000 new malware strains were developed daily last year; 65+ percent detected a phish attack on their networks in 2020 and there was even a 600 percent increase due to COVID-19 pandemic related activities.
These staggering figures demonstrate just how serious this issue is becoming for everyone involved – yet 56 percent still don’t know what steps they should take if they experience such an event themselves. Cybersecurity must remain top priority as it is now considered one third highest risk for global businesses right behind environmental and geopolitical risks respectively. With so much at stake it’s essential we stay informed about current trends in order protect ourselves against potential threats posed by malicious actors online today
Cybercrime Statistics Overview
Businesses fall victim to a ransomware attack every 11 seconds.
This statistic is a stark reminder of the prevalence of ransomware attacks, highlighting the need for businesses to take proactive steps to protect themselves from cybercrime. It serves as a warning that no business is immune to the threat of ransomware, and that the risk of attack is ever-present.
68% of business leaders feel their cybersecurity risks are increasing.
This statistic is a stark reminder of the growing threat of cybercrime. It highlights the fact that business leaders are increasingly aware of the risks posed by cybercrime and are taking steps to protect their organizations. This statistic is a call to action for all businesses to take the necessary steps to protect their data and systems from cybercrime.
It's predicted that cybercrime damages will cost the world $10.5 trillion by 2025.
This statistic is a stark reminder of the immense financial burden cybercrime is projected to impose on the world in the coming years. It serves as a wake-up call to businesses and individuals alike to take the necessary steps to protect themselves from the growing threat of cybercrime.
The average cost of a data breach in 2020 was $3.86 million.
This statistic is a stark reminder of the immense financial burden that cybercrime can impose on businesses. It highlights the need for organizations to invest in robust cybersecurity measures to protect their data and minimize the risk of a costly breach.
Around 60% of hacked small and medium-sized organizations go out of business within six months.
This statistic is a stark reminder of the devastating consequences of cybercrime on small and medium-sized organizations. It highlights the importance of taking proactive steps to protect against cybercrime, as the financial and reputational damage caused by a successful attack can be catastrophic.
In 2020, the FBI reported a 300% increase in reported cybercrimes.
This statistic is a stark reminder of the growing prevalence of cybercrime in our society. It serves as a wake-up call to individuals, businesses, and governments alike to take the necessary steps to protect themselves from the dangers of cybercrime. The 300% increase in reported cybercrimes is a clear indication that cybercriminals are becoming more sophisticated and organized in their attacks, and that the threat of cybercrime is only increasing. This statistic is a powerful reminder that cybercrime is a real and growing threat that must be taken seriously.
On average, cybercrime costs businesses $200,000 per incident.
This statistic serves as a stark reminder of the financial burden that cybercrime can impose on businesses. It highlights the need for organizations to take proactive steps to protect themselves from the costly consequences of cybercrime.
48% of malicious email attachments in 2020 were MS Office files.
This statistic is a stark reminder of the prevalence of cybercrime in 2020, particularly in the form of malicious email attachments. It highlights the need for individuals and organizations to remain vigilant and take the necessary steps to protect themselves from malicious attacks. It also serves as a warning that MS Office files should not be taken lightly, as they can be used to deliver malicious payloads.
The average lifecycle of a cyber attack is 314 days.
This statistic is a stark reminder of the long-term damage that cyber attacks can cause. It highlights the need for organizations to take proactive steps to protect their systems and data from malicious actors, as the effects of a successful attack can linger for over a year.
56% of Americans do not even know what steps to take in the event of a data breach.
This statistic is a stark reminder of the need for greater public awareness of cybercrime and the steps to take in the event of a data breach. It highlights the importance of educating the public on the risks of cybercrime and the steps to take to protect themselves. It also serves as a warning to businesses and organizations to ensure they have the necessary security measures in place to protect their data.
Cybercrime is the third highest risk for global businesses, right after environmental and geopolitical risks.
This statistic serves as a stark reminder that cybercrime is a major threat to global businesses, ranking only behind environmental and geopolitical risks. It highlights the need for businesses to take cybercrime seriously and invest in measures to protect themselves from malicious actors.
300,000 new malware strains were developed daily in 2020.
This statistic is a stark reminder of the sheer magnitude of cybercrime in 2020. It highlights the sheer volume of malicious software created daily, and the need for individuals and organizations to remain vigilant in protecting their data and systems from malicious actors. It also serves as a warning that cybercrime is an ever-evolving threat, and that the development of new malware strains is an ongoing process.
More than 65% of large companies detected a phishing attack on their networks in 2020.
This statistic is a stark reminder of the prevalence of phishing attacks in 2020, and serves as a warning to large companies to remain vigilant against cybercrime. It highlights the need for companies to invest in robust security measures to protect their networks from malicious actors.
In 2020, there was a 600% increase in cybercrime due to the COVID-19 pandemic.
The staggering 600% increase in cybercrime due to the COVID-19 pandemic is a stark reminder of the importance of staying vigilant against cyber threats. This statistic serves as a wake-up call to individuals and organizations alike to take the necessary steps to protect themselves from the ever-growing risk of cybercrime.
Conclusion
The statistics presented in this blog post demonstrate the alarming prevalence of cybercrime and its devastating effects on businesses, individuals, and society as a whole. Cybercriminals are becoming increasingly sophisticated with their tactics, making it more important than ever for organizations to invest in robust cybersecurity measures. The cost of not doing so can be catastrophic - from financial losses to reputational damage - which is why it's essential that all companies take steps now to protect themselves against these threats.
References
0. - https://www.accenture.com
1. - https://www.cnbc.com
2. - https://www.cybersecurityventures.com
3. - https://www.zdnet.com
4. - https://www.randgroup.com
5. - https://www.varonis.com
6. - https://www.kaspersky.com
7. - https://www.ibm.com
8. - https://www.pwc.com
9. - https://www.weforum.org
10. - https://www.unodc.org
11. - https://www.flexera.com
12. - https://www.sophos.com
ZipDo, cited June 2023: Cybercrime Statistics
