Cybercrime must be considered as a facet of every business and IT decision. Not accounting for it can result in a loss of crucial and sensitive data and large recovery costs.
Some companies may not see the value in cyber security because the damage isn’t always readily visible. However, cyber security statistics reveal that cybercrime is one of the greatest threats to every company in the world—including yours.
Being informed about cybercrime will help your business and IT department plan for security breaches. Preparing for these issues now will prevent a loss of data and profits later down the road.
From evolving threats to hackers, the following 8 cyber security statistics will cover the scope of vulnerabilities that could be present in your company:
1) 70% of Millennials admitted to bringing outside applications in violation of IT policies
Millennials are growing with technology. By 2020, they will form 50% of the global workforce. Connected to social media, Millennials aren’t as cautious as other generations. To further emphasize this, 60% aren’t concerned about corporate security when they use personal apps instead of corporate ones.
2) 65% of professionals identified phishing and social engineering as the biggest security threat
Cyber security statistics reveal that all it takes is one person clicking a suspicious email about banking or spyware to give a hacker access to all the data on their device. Whether these emails are opened on their own device or on a company one, hackers now have a direct path to your business network.
3) 78% of people aware of the risks of unknown links still click them anyway
People know that suspicious links are dangerous, yet a good portion of them are still clicking. Don’t let curiosity be the reason your business’s information is out in the open.
4) 20% of organizations experience a BYOD breach
BOYD refers to “bring your own device”. With 24% of businesses finding that employees own devices that have been connected to malicious wi-fi spots, there’s no wonder that data breaches are due in part to BYOD programs.
5) The average hacker stays hidden in a network for 140 days
140 days sounds like a long time. However, the longer a hacker is on your network, the more time they have to learn the vulnerabilities of your infrastructure. During this time, hackers can steal sensitive information such as passwords and classified documents.
6) 45% of IT personnel have knowingly circumvented their own policies
This startling cyber security statistic informs us that IT departments are ignoring their own protocols. IT departments should be the authority when it comes to cyber security and protecting against cybercrime. An employee might mean well by taking some work home, but that’s all it takes to expose your entire network.
7) 44% of network-connected printers within organizations are insecure in terms of unauthorized access to data stored in the printer mass storage
Unauthorized access to data in the mass storage means a hacker can reach and steal whatever has been in the printer queue. Network printers are often overlooked in cyber security. Hackers no longer need access to a PC or mobile device to access a network pathway, a printer with a weakened firewall will do just fine.
8) There has been a 29% increase in the total cost of data breaches since 2013
Giving a hacker access to mass printer storage or having an employee open a suspicious e-mail on your network could cost your business millions. The average consolidated total cost of a data breach is estimated at $4 million.
In the face of these cyber security statistics, 2017 is expected to see a rise in the number of cyber-attacks through social media and personal email. IT security teams can’t afford to allow their workforce thoughtless access to the network through their own apps and wearables.
Allocating a budget for cybersecurity is essential for protecting your business. Contact us today to plan a cybercrime strategy especially for your business.