Scary Security Stats

31 October 2019 Shannon Johnson


Halloween is here and if you weren't scared already here are some spooky facts about cyber security that may keep you awake at night...

1. Cyber Crime is quickly becoming more profitable than the illegal drug trade.

By 2021, cybercrime is expected to cost the world $6 trillion annually and if cybercrime were a country, it would have the 13th highest GDP in the world.

2. Over half of millennials experienced cyber-crime in the last year.

With millennials being technically savvy and high proportion living their lives online, it's no surprise that over half of them are victim to cyber-crime.

3. It typically takes companies over 6 months to notice a data breach.

Different industries on average take different lengths of time to notice if their data has been hacked. Finance companies take on average 98 days, whilst retail companies can take up to 197.

4. Microsoft formats such as Word, Power Point and Excel compromise the most prevalent group of malicious file extensions.

In a case study by Cisco, they identified office products as the most prevalent group of malicious email attachments. This could be due to people trusting the Microsoft name more than other products, but either way it's a product most of us use day in day out, meaning it could happen to us all.

5. The cyber security unemployment rate is approaching 0%.

The cyber security skills gap is scary enough as it is, but as cyber security becomes more prevalent it is predicted that there will be 3.5 million unfilled cyber roles by 2021.

6. A hacker attack occurs every 39 seconds.

On average the world experiences just under 2 hacking attacks every single minute, and most of this is down to poor usernames and non secure passwords.

7. Cyber-crime is the greatest threat to every company in the world.

IBM's CEO famously stated in 2015 that she believes cyber-crime is the greatest threat to every profession, every industry and every company in the world.

8. Only about 38% of global companies think they could handle a big cyber attack.

Leaving 62% of companies unarmed if they were to experience a big cyber attack... which if the odds aren't in your favour could be detrimental to your business.

9. 95% of breached records came from only three industries in 2016- retail, technology and government.

This might not necessarily be because these industries care less about their security efforts, they are just deemed very popular targets due to the high level of personal identifying information contained in their records.

10. More than 77% of organisations do not have a cyber security incident response plan.

Meaning if they were to be a victim of cyber-crime, they wouldn't be able to detect, manage or lessen the incident.