Cyber Attack, Cyber Security, Cybersecurity trends, Cyber Breaches

The year 2020 shattered all records for data breaches and the massive number of cyber-attacks on businesses, governments, and individuals. Furthermore, the complexity of threats and trends has escalated due to developing technologies and increased strategic coordination among cybercriminals and state actors. As more businesses suffer severe security breaches, the volume of compromised data is escalating.

Cyber Attack Statistics In 2021

Despite all the alerts and rising attacks, most people are unprepared when it comes to cybersecurity. The statistics below reflect the truth.

Cybercrime Has Increased By 600% Because Of COVID-19

The COVID-19 pandemic has increased sophisticated phishing email tactics used by fraudsters. Malicious hackers pose as officials of the Centers for Disease Control and Prevention (CDC) or the World Health Organization (WHO).

These emails are intended to fool and lure users into performing an action such as opening a malicious hyperlink or a virus-infected file.

Phishing Statistics

Phishing is a kind of cyber attack in which malicious hackers send emails to a large number of people randomly in an attempt to deceive them into supplying sensitive personal account information.

  • Targeted phishing attempts are the biggest security threat, according to 56% of IT stakeholders.
  • In 2018, 83% of worldwide cybersecurity respondents were victims of phishing attempts, up from 76% in 2017.
  • In 2017, business email compromise (BEC) scams cost firms $676 million.
  • The number of email frauds received by corporations has grown by 8% year on year.

Malware Statistics

Malware, often known as malicious software, is any piece of software developed to cause harm to data, systems, or people. Over the past ten years, the total number of malware infections has increased drastically.

  • 92% of malware is distributed via email.
  • 9% of identified mobile malware is found in third-party applications.
  • 98% of mobile malware is designed to infiltrate Android smartphones.
  • Malware and web-based cyberattacks are the two most expensive forms of assaults, with organizations spending an average of $2.4 million on security.
  • Each week, about 18 million websites are attacked with malware.

Ransomware Statistics

Ransomware is a type of malware that exploits you by denying you access to your data.

  • Ransomware attacks are estimated to be $6 trillion in 2021.
  • 50% of the IT experts do not feel their business is prepared to fight a ransomware attack.
  • 75% of ransomware-infected businesses have up-to-date endpoint security.
  • Ransomware costs organizations more than $75 billion every year.
  • A ransomware cyberattack on a corporation typically costs $133,000.

Data Breach Statistics

  • The estimated cost of a data breach to an organization is $3.86 million worldwide.
  • According to recent data breach statistics, 63% of successful cyberattacks are the result of internal factors.
  • Within the next two years, 29.6% of businesses will suffer a data breach.
  • A data breach costs an average of $6.3 million in businesses with more than 50k exposed records.

Conclusion

Cybersecurity trends and statistics have predictive value in detecting vulnerabilities, emerging risks, and patterns. The objective is to transform the data into a practical and flexible risk management plan to safeguard ourselves better. The alarming cybersecurity statistics for 2021 are a wake-up call to prioritize risk planning and management and be more proactive about data protection.

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COVID-19 - In light of the evolving situation, here are our key considerations for your organization.