10 Cyber Facts That Should Put You on Cyber Alert
by Keith Barthold
Cybercriminals aren’t just targeting big business anymore; cybercrime has become the number one threat for small- and medium-sized businesses (SMBs) as well. And the fact that ransomware attacks are becoming more frequent, sophisticated, and costly should cause wise businesses owners to think twice about how safe and secure their IT environments are.
Here are some cautionary facts you need to be aware of so you can make sure you don’t fall victim to a future cyber assault:
- $7.35 million is the average cost of adata breach in the U.S.,according to the Ponemon Institute. Theaverage cost for SMBs is $690,000.
- 61% of SMBs experienced a cyber-attack in the last 12 months, up from 55% the previous year. 54% of firms had data breaches involving the theft of customer and employee data.
- Every 39 seconds a hacker attacks an internet-connected computer in the U.S. The Clark School at the University of Maryland also found that 1 in 3 Americans has already been the victim of a cyber-attack.
- More Americans pay ransoms than businesses in any other country. Symantec’s 2017 Internet Security Threat Report found that 64% of U.S. businesses admit giving in to ransomware demands, compared to the 34% global average.
- 1 in 5 businesses faced downtime of 25 hours or more following ransomware attacks last year, according to Osterman Research. Many had to shut down their systems for longer than 100 hours.
- Most threats are caused by employees.54% of data breaches arethe fault of negligent workers orcontractors clicking on suspiciousemails and websites, up from 48% lastyear according to a 2017 PonemonInstitute study.
- U.S. businesses are less confident in their ability to prevent ransomwareattacks than most countries. Only 7% of organizations told OstermanResearch they felt “very confident” about data security compared to the 10% global average.
- Cybersecurity vacancies will triple to 3.5 million job openings worldwide by 2021. Cybersecurity Ventures predicts that the U.S. alone will have more than half a million unfilled positions as the demand for security experts outpaces the supply.
- $5 billion was the worldwide toll of ransomware attacks in 2017, according to Cybersecurity Ventures estimates – more than 15 times the cost just two years earlier ($325 million). In addition to ransom demands, money is lost to downtime, productivity losses, and fines.
- $6 trillion will be the global cost of cybercrime by 2021. The projected rise of organized crime and state-sponsored hacking will make cybercrime more profitable than the global drugs trade, involving the greatest transfer of economic wealth in history.
Don’t leave your computer security – and your company’s productivity and future – to chance. Make sure you’re prepared and protected with the right technology, training, and strategy. The consequences have never been so great.