The ensuing statistics provide crucial insights into the evolving landscape of cyber threats. They underscore a critical reality: cybercriminals diversify their tactics, and no sector remains unscathed. The projected surge to $10.5 trillion in cybercrime costs by 2025 mirrors the attacks’ escalating audacity and sophistication.
Each data point serves as a poignant reminder, from targeted ransomware debilitating key industries to intricate phishing schemes and substantial GDPR fines indicating heightened regulatory scrutiny. This environment necessitates vigilance and a proactive, multifaceted approach to cybersecurity, integrating advanced technologies and cross-sector collaboration to stay ahead of these ever-evolving threats.
This compilation of significant statistics for the year offers a comprehensive insight into the myriad threats that warrant our attention.
- By September 2023, 91% of companies worldwide had faced at least one cyberattack.
- Of these, 56% experienced serious or moderate damage.
- 55% of businesses said cyber security policies let them innovate safely.
- 61% of small-to-medium-sized businesses have been the target of a cyberattack.
- Small business employees experience a 350% higher likelihood of being targeted by social engineering attacks vs. employees working at medium-sized or large enterprises.
- 87% of SMBs report that they store customer data that could be compromised by an attack.
- Malware is the most common type of cyberattack directed at small businesses.
- 27% of SMBs that collect customer credit card information state that they have little to no cybersecurity protection.
- Nearly 95% of cybersecurity incidents involving SMBs cost between $826 USD and $653,587 USD in 2023
- 50% of small organizations said that it took over 24 hours to start to recover from a cyberattack.
- Almost 40% of small businesses reported that they lost critical, unretrievable data as the result of a cyberattack.
- 51% of small businesses said their website was down for 8 – 24 hours in the wake of an attack.
- Only 17% of small businesses globally have cyber insurance, with 48% not purchasing it until after their first cyberattack.
- 95% of cybersecurity breaches are attributed to human error.
- 64% of small business owners are not familiar with the regulatory standards pertaining to cyber insurance.
- The next five years are due to see a 15% increase in cybercrime costs, reaching 10.5 trillion by 2025.