The world is going digital at a more rapid pace than ever. Every activity, from watching the latest Netflix series to controlling our houses with smart-home appliances, is connecting us to the internet. But how do we make sure we keep ourselves and our information safe?
What is cyber security?
Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks. These attacks are aimed at extorting money from users, interrupting normal business processes, and accessing, changing, or destroying sensitive information.
We have compiled a useful list of cyber security statistics to shed light on some of the critical online security issues that the world is struggling to tackle.
Read through them to learn about cybercrime: what emerging types of cyber attacks can harm your software and your hardware, how many hacks happen in a day, and what you can do about it.
We also took the opportunity to discuss how many cyber attacks are caused by weak spots in the system, and how many rely on old-fashioned trick tactics. But, we also aim to answer the question: How can cyber attacks be prevented?
Moreover, we covered the core aspects of statistics on how prepared businesses and governments are when it comes to cybersecurity. This includes information on estimated cyber security spending by industry, the workforce gap, and how organizations are countering the growing intensity of these attacks.
The Most Important Cyber Security Stats
In 2018, the global average cost of a data breach incidents was $3.86M
by 2012 there will be 3.5M unfilled cybersecurity jobs globally
Globally, Cyber attacks are the fastest-growing crime, estimated to cost $6T by 2021
By 2021, 70% of all cryptocurrency transactions will be for illegal activity
In the first half of 2018, 3.3B data records were compromised across 944 breaches worldwide
97% of all stolen data was in the US, making it the most popular target for attacks
In the past year, 76% of organizations worldwide experienced a phishing attack
By 2021, businesses will fall victim to a ransomware attack every 11 seconds and global ransomware damages will amount to $20B
The global cybersecurity market is worth over $120B
Data Traffic Statistics
1. The world’s digital content is expected to grow to 96 zettabytes by 2020.
With more than 1.9 billion websites out there, the amount of content present online will increase from 4 zettabytes (4 billion terabytes) in 2015 to 9 zettabytes in 2020. Since data is the building block of any digital economy, this presents incalculable opportunities for both innovation and cybercrime growth.
2. The Deep Web is estimated to be 5,000 times larger than the surface web.
The Dark Web, which is a part of the Deep Web, is intentionally hidden and used to conceal and promote criminal activities of all kinds. It isn’t accessible or indexed by search engines, but some estimates put its size to at least 5,000 times larger than the Surface Web. The Deep Web’s rate of growth is also believed to be much faster than the Surface Web’s
3. In just 2022, it’s predicted that more internet traffic will be created than in the 32 years since the internet started.
Increased connectivity brings increased digital security risks along with it. According to the latest Cisco Visual Networking Index (VNI), more IP traffic will cross global networks than in all prior “internet years.” This is being driven by better infrastructure, more ways to engage with online systems, and the decreasing prices of devices.
4. Cloud data center traffic will represent 95% of total data center traffic by 2021.
The rapidly increasing use of cloud and IoT applications, such as smart cars and connected health devices, will expand data-center demands. This will increase new forms of cybercrime, like IoT attacks. The total data stored in the cloud—including public clouds operated by vendors and social media companies, government-owned clouds accessible to citizens and businesses, and private clouds owned by mid-to-large-sized companies—will be a hundred times greater in 2022 than in 2019.
5. According to the 2019 Thales Global Data Threat Report, 97% of the companies who responded use sensitive data on digitally transformative technologies.
These technologies include cloud computing, big data, IoT, containers, and mobile environments, all of which create new attack surfaces and new risks for data. The idea isn’t to discourage companies from using these technologies, but to ensure they’re aware of the vulnerabilities—like IoT hacking—that they create. The goal is to take the necessary steps required to safeguard their and their customers’ data.
6. Only 30% of those respondents are using encryption within these environments.
Encryption might not prevent data breaches, but it does ensure that the data stolen cannot be misused. The data security statistics from the Thales study also show that far too many companies around the world have still not woken up to the value of data encryption, despite using new technologies that make data theft likelier.
7. By 2020, 300 billion passwords worldwide will need protection.
Even though biometrics and facial recognition –which do away with the need for passwords– are being used in more and more devices, it’s believed that the need for passwords won’t die out anytime soon. By 2020, over 300 billion passwords will require protection from cybercrime, leading to ever-increasing cyber security costs.
8. Mobile devices will account for 80% of the global IP traffic by 2025.
It’s estimated that smartphones will account for 55% of the total IP traffic by 2025, with other mobile devices taking the overall total to 80%. Personal devices carried to workplaces will, thus, pose a major security threat to enterprises in the coming years, making mobile cyber security a particular area of concern.
9. The number of connected devices on the internet will exceed 50B by 2020.
In other words, the number of IoT devices will be three times as high as the global population by 2021. By 2022, 1 trillion networked sensors will be embedded in the world around us, with up to 45 trillion in 20 years. All this connectivity is expected to put a great deal of stress on our cybersecurity preparedness.
Cyber Attack Statistics
10. In terms of cyber attack frequency, hackers attack our devices every 39 seconds.
A recent study by the Clark School at the University of Maryland revealed this data. This is one of the first attempts at quantifying the nearly constant rate of online attacks.
11. Computers are attacked 2,244 times a day.
Luckily, even with the large number of cyber attacks per day, most of them are unsuccessful. Michel Cukier, Clark School assistant professor of mechanical engineering, and his two assistants discovered this data. They learned that most attacks involved relatively unsophisticated “dictionary scripts,” or a brute force attempt at logging in with common usernames and passwords.
12. Over 400 million adults across 24 countries experienced cybercrime over a 12-month period.
The number of cyber attacks per year was determined in a 2017 Norton cybercrime study. The study also concluded that 40% of users don’t have appropriate software security.
13. By 2022, there will be around 6 billion internet users (75% of the projected world population).
According to Cybersecurity Ventures, there are expected to be over 7.5 billion internet users by 2030 (90% of the projected world population of 8.5 billion, six years old or older). This leaves a huge number of vulnerable people, likely resulting in an increase in cyber attacks in the near future.
14. Only 38% of global organizations claim they’re properly prepared to handle a sophisticated cyber attack.
Take the following cyber attack statistics into account if you’re still unsure about just how discouraging this figure is. About 54% of organizations have experienced one or more significant attacks in the past year. Also, a Frost & Sullivan study commissioned by Microsoft revealed that the Asia Pacific companies could lose as many as $1.745 trillion to cybercrime.
15. Eighty-two percent of respondents believe 2019’s new cyber threats will bring an increased risk of money and data theft via cyber attacks. Eighty percent also expect an increase in operations disruptions.
This is no surprise if you consider the ways connected devices are becoming more and more integrated into our everyday lives. These views of the current cyber threats show a distrust among the public in their personal safety, not to mention the honesty of their government.
16. The annual revenue for stolen trade secrets and IP theft is $500 billion.
Bromium derived this figure from two sources, namely, economic espionage revenue ($200 billion) and the cost of pirated music and films for the US ($300 billion). As we can see from the data breach that hit Sony, Netflix, and HBO, an attack can cost a company not only their confidential data and future viewership but also their jobs and reputations.