Facts and Statistics

According to a Forbes Survey done for US Businesses on Cyber Security in 2022:

1. Only 50% of Businesses have a cybersecurity plan in place

2. 32% of Businesses haven't changed their cybersecurity plan to meet remote and hybrid operations

3. The most common cyber-attacks are malware and phishing (email) attacks

4. Cybercrime have cost over $6.9 Billion in 2021 alone

5. Only 43% of Businesses feel financially prepared to face a cyber attack

6. More than 3 in 5 companies were targets of software supply chain attacks in 2021

The Most Attacked Industries for weekly cyberattacks in 2021 included:

1. Education/Research

2. Government/Military

3. Communications

4. ISP/MSP

5. Healthcare

It is predicted that by 2025, Cybercrime will cost companies worldwide around $10.5 trillion annually.

The Accenture's Cost of Cybercrime Study says that 43% of cyber attacks are aimed at small businesses with only 14% prepared to defend themselves.

The Cost of a Data Breach or Cyber Attack does not only affect the companies money, but their reputation and can cost a business months to years of time in recovering to get back to where they were before the attack.

Embroker's studies have shown that Ransomware Attacks were expected to happen every 11 seconds by 2021.

The Most Targeted Industries for Ransomware Attacks are:

1. Banks and Financial Institutions

2. Healthcare

3. Corporations

4. Higher Education

According to IBM, it takes a company on average 197 days to discover that they have been breached and another 69 days to contain it.

IBM also found that the faster the breach was contained, the more money the company saved.