July 7, 2019

Cyber Security Statistics

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Over 360,000 daily malware attacks are detected by Kaspersky Lab. What other security threats should you be aware of? How often do they occur? Read on to find out.

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Here are 23 alarming cybersecurity facts you should know.

  1. Cybercriminals will steal an estimated 33 billion records by 2023. Half of those will be from the U.S.

    This was according to a 2018 study conducted by Juniper Research. It estimated that by 2023, hackers would have stolen an estimated 33 billion records.

    Half of those breaches would happen in the U.S. This involves personal data like your:

    • Name
    • Address
    • Credit card information
    • Social Security number

    Why is the U.S. most affected?
    There's a lot of consumer and corporate data stored in various institutions. Much of this information isn't secure, which makes it easy to exploit.

  2. Damage caused by data breaches are the most expensive in the U.S.

    In the United States, a data breach event costs an average of $7.91 million—the most expensive in the world. It costs an average of $233 for each compromised record.

  3. It takes an organization an average of SIX months to detect a breach. And another TWO months to contain them.

    Organizations took 197 days on average to detect a data breach (2018 Ponemon Cost of a Data Breach). Once detected, it took them another 69 days to contain it.

  4. 780,000 records were lost per day in 2017.

    According to McAfee's Economic Impact of Cyber Crime, 780,000 records were lost daily in 2017.

    How is this possible?

    Hackers have become more advanced. Using new technology, they automatically generate thousands of malware per day.

    With that much malware, it would be easy to breach a poorly secured database.

  5. The majority of SMBs have experienced a cyberattack. Almost half of them (47%) don't know how to protect their companies.

    A a report conducted by the Ponemon Institute found that at least 67% of SMBs have experienced a cyberattack. 58% of them had a data breach in 2017.

    Despite these numbers, 47% claim that they don't know how to protect their companies.

  6. Ransomware is most prevalent in the United States.

    A ransomware is a malicious software which holds your computer "hostage." It does this by blocking access to your device or data. To unlock it, you have to pay a ransom in Bitcoin.

    Ransomware is higher in countries which have more internet users. The United States suffers the most ransomware attacks in the world—18.2% of all ransomware attacks happen here.

  7. Ransomware will cost $11.5 billion in damages by 2019.

    Ransomware damage involves more than just the ransom paid. Loss of data, downtime, and the post-attack investigation all add to the total costs.

    Attacks will also happen a lot more in 2019. Experts predict that ransomware will attack a business every 14 seconds.

    Just recently, the local government of Jackson County, Georgia, was attacked. It paid $400,000 in ransom. This was its third attack in six years.

  8. 41% of companies have over 1,000 sensitive files that are unprotected.

    Varonis reports that 41% of companies have more than 1,000 unsecured, sensitive files. This includes information such as credit card numbers and health records.

    This was based on their 2018 Global Data Risk Report. The report did a study on 130 organizations and government entities in over 50 countries.

  9. Cybercrime damages are expected to rise to $6 trillion annually by 2021.

    The costs of cybercrimes are huge. It includes damage and destruction of data, stolen money, theft of personal data, and more.

    Cybersecurity Ventures predicts that cybercrime will cost the world more than $6 trillion annually by 2021.

  10. Fewer than 30% of enterprises use encryption to protect their data.

    Cybercrime is the fastest growing crime in the United States. However, most companies still don't have adequate security measures.

    The 2019 Thales Data Threat Report reported that fewer than 30% of companies use encryption to protect their data. This includes data in unsecured environments like

    • Data centers
    • Cloud providers
    • Mobile devices and more

  11. 1.76 billion records were leaked in January 2019 alone.

    1.76 billion records were leaked in January 2019 itself, according to IT Governance.

    This includes records from the famous Collection #1 breach, which contained user information and passwords for 772 million people. Also included are records from other data breaches, like the MongoDB breach, which exposed the resumes of some 202 million Chinese users.

  12. Americans are worried about cybercrime—more than even violent crimes.

    According to this study, we're more worried of being a victim of cybercrimes than even violent crime like murder, and sexual assault or even terrorism.

    In fact, cybercrime has been our biggest worry for more than a decade.

    71% of Americans worry about our personal data being stolen. 67% of us worry about identity theft.

  13. Microsoft Office extensions are the most malicious file extensions on email.

    The most malicious file extensions on email are Microsoft Office formats. This includes files in Word, PowerPoint, and Excel.

    Hackers used to use the .EXE executable formats. However, most email service providers have blocked those extensions.

    Hackers now use Microsoft Office formats instead. This study showed that 38% of malicious file extensions are Microsoft Office files.

  14. "Grayware" could be a risk for mobile users.

    While mobile malware is harmful, there could be other apps which are risky too. This includes "grayware"—apps which appear to be safe but actually put users' privacy at risk.

    A Symantec study showed that 63% of grayware apps leak a device's mobile number.

  15. Cryptojacking is on the rise—and it's one of the more serious cyber threats in 2019.

    We all know about cryptocurrencies like Bitcoin and Ethereum. We know that it takes a lot of computing power to generate these currencies.

    But did you know that hackers can use your device to do this for them? It's called cryptojacking—hackers hijack your computer and use your CPU power to mine cryptocurrencies.

    This study showed that there were four times more cryptojacking attacks in 2018 than in 2017. Symantec blocked 8 million attacks monthly in January and February of 2018.

    The attacks are expected to rise in 2019.

  16. Groups using destructive malware increased by 25% in 2018.

    Destructive malware is malware designed to destroy your computer. According to Symantec, groups which use destructive malware increased by 25% in 2018.

    In 2018, the Thrip group was exposed for targeting a satellite communications operator. They were trying to infect computers and the software that monitors and controls satellites.

    With more groups using destructive malware, we can expect an increase in attacks.

  17. 92.4% of malware is being sent through email.

    92.4% of malware was sent via email, according to this 2018 report by Verizon.

    The study analyzed over 53,000 cases and 2,000 data breaches in 65 countries. They discovered that most of the malware attacks were from email. The web was responsible for only 6.3% of the attacks.

  18. 91% of all cyberattacks originated from a phishing email.

    Most cyberattacks started from a phishing email, according to research done by PhishMe. They sent 40 million simulated phishing emails to around 1,000 organizations.

    The healthcare sector is particularly at risk. 31% of healthcare employees responded to the phishing email, despite having received security training.

  19. Basic malware is available for sale online—for as little as $1.

    In case you thought cyberattacks were only for hackers, think again. Even those with no hacking experience can be a cybercriminal.

    Malware have been available on shady online marketplaces for years. Some of these software cost as little as $1.

  20. The world will need to protect 300 billion passwords by 2020.

    It's estimated that by 2020, there will be a total of 300 billion passwords in the world. As the number of passwords continue to grow, chances for a data breach will be more likely.

  21. There will be 50 billion devices connected to the internet by 2020.

    According to this source, more than 50 billion devices will be connected to the internet by 2020. Because of the numbers, the internet of things (IoT) will be a major cybersecurity concern in the future.

    Many IoT devices are rushed into the market to beat the competition. To speed things up, developers often ignore the security of these products, which makes IoT a ripe target for hackers.

  22. Mobile phones are the largest threat vector for technology.

    Threat vectors are simply ways that a hacker gains access to your network or data. Currently, mobile phones are the biggest threat due to the sheer number of phones in the world.

    Hackers can infect a huge number of phones to control them or steal data.

  23. 68% of businesses in the U.S have not bought any form of cyber liability or data-breach coverage.

    According to this study by Cisco, 68% of businesses don't have any coverage for a data breach attack. This indicates that businesses are not adopting quickly enough for the risks they face.

    However, this article says that the 25 biggest cities in the U.S. have bought cyber insurance, or are looking into buying it.

Bottom Line

Cyberattacks are rapidly evolving. Today it affects governments, businesses, and people all around the world. Judging by the numbers, most organizations still aren't well prepared against cybercrime.

Because of this, it could likely affect you in the future too.

The best we can do is protect ourselves online. Practice safer and more secure browsing habits. Always keep your personal information private, use strong passwords, and use a VPN to encrypt your activity online.

Write to Khairie A at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

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