cybersecurity industry trends

With the cost of cybercrime to global economies set to top $6 trillion in 2021, this isnt a situation that is sustainable. It is expected that organizations will spend more than ever with $100+ Billion on protecting their assets alone this year. Its crucial to have a grasp of the most common types of attacks and where they come from in order to guard against future infiltrations. (, Supply chain attacks were up more than 100 percent year-over-year in 2021. (, Also as of February 2022, there are nearly 600,000 job openings in the cybersecurity industry, meaning only 68 percent of open jobs are filled. (, Trading app Robinhood was victim to a social engineering attack that compromised the personal data of 5 million users. In the GDPRs first year, there were 144,000 complaints filed with various GDPR enforcement agencies and 89,000 data breaches recorded. (, Information security analyst job positions in the U.S. are expected to grow 31 percent between 2019 and 2029. The average time to identify a breach in 2021 was 212 days. Q: Why should I care about cybersecurity? (, 69 percent of organizations believe their antivirus software is useless against current cyber threats. company director to initiate a $35 million bank transfer. (. Read about what is artificial intelligence? (, The average cost per lost or stolen record for an individual is $146. This is the highest when comparing industries. Last year saw many disruptions in the world of cybersecurity, even as the COVID-19 pandemic continues to recede. Privacy Policy. Currently, 60% of knowledge workers are remote, and at least 18% will not return to the office. Research by Capgemini recently found two-thirds of businesses now believe AI is necessary to identifying and countering critical cybersecurity threats, and nearly three-quarters of businesses are using or testing AI for this purpose. The WannaCry ransomware attack cost the U.K.s National Health Service (NHS) more than $100 million. Human error is still one of the primary reasons for the data breach. 5G architecture is comparatively new in the industry and requires a lot of research to find loopholes to make the system secure from external attack. Here manufacturers need to be very strict in building sophisticated 5G hardware and software to control data breaches. As cyberattacks increase in frequency, so too does the demand for cybersecurity professionals. Follow this author to improve your content experience. Security and risk executives face a critical juncture, as the digital footprint of organizations expands and centralized cybersecurity control becomes obsolete. With more legislation following in the wake of the European General Data Protection Regulation (GDPR), such as the Chinese Personal Information Protection Law and the Californian Consumer Privacy Act, more organizations are at risk of potentially huge penalties if they make information security slip-ups. Data Security. (, The average annual security spending per employee increased from $2,337 in 2019 to $2,691 in 2020. (, The Equifax breach cost the company more than $4 billion in total. (, One in 36 mobile devices has high-risk apps installed. (, The average lifecycle of a breach in 2021 was 286 days from identification to containment. (, More than 70 percent of security executives believe that their fiscal budgets will decrease in the aftermath of COVID-19. (, 48 percent of malicious email attachments are Microsoft Office files. Please try again later. (, In one of the biggest breaches of all time, three billion Yahoo accounts were hacked in 2013. (, Lifestyle (15 percent) and entertainment (seven percent) are the most frequently-seen categories of malicious apps. Industries that store valuable information such as healthcare and finance are usually bigger targets for hackers who want to steal social security numbers, medical records, and other personal data. (, In 2019, spending in the cybersecurity industry reached around $40.8 billion USD. The global pandemic paved new avenues for cybercriminals to target victims via healthcare, unemployment, remote work, and more. And with more than 70 elections bound to be held this year, criminal activities during this time will surge. has been increasing steadily as more executives and decision-makers realize the value and importance of cybersecurity investments. So make sure you create more awareness within premises to safeguard data in every way possible. Privacy Policy. (, Spain issued 212 GDPR fines in 2021 and has issued 3x more fines than any other country. (, 70 percent of cybersecurity professionals claim their organization is impacted by the cybersecurity skills shortage, Six in 10 security operations center professionals think only half their cybersecurity applicants are qualified. While this will inevitably increase the burden of those responsible for information security in businesses, in the long term, this will only be a good thing. Once again, we can largely blame this on the pandemic, and the growth in the amount of activity carried out online and in digital environments. Worryingly there has been an increase in these types of attacks targeting critical infrastructure, including one at a water treatment facility that briefly managed to alter the chemical operations of the facility in a way that could endanger lives. Push cybersecurity decision making out to the business units to improve your security posture. Below are some of the most frequently asked questions about cybersecurity, with answers supported by cybersecurity statistics and facts. (, A 2020 Twitter breach targeted 130 accounts including those of past U.S. presidents and Tesla CEO Elon Musk, resulting in attackers swindling $121,000 in Bitcoin through nearly 300 transactions. Though generally, ransomware asks to threaten to publish the victim's data unless a ransom is paid still it can affect the large organization or in case of nations too. (, The average cost of a malware attack on a company is $2.6 million. Education is the most effective method of tackling this threat, with research showing that employees who are aware of the dangers of this type of attack are eight times less likely to fall victim. Please refine your filters to display data. (, In 2017, 147.9 million consumers were affected by the Equifax Breach. Cybersecurity trends provide a considerable increase (50 percent) for mobile banking malware or attacks in 2019, making our handheld devices a potential prospect for hackers. (, The total value of cryptocurrency ransoms increased almost 80,000 percent from 2013 to 2020. Remote workers will continue to be a target for cybercriminals. (, 79 percent of nation-state attackers target government agencies, non-government organizations (NGOs), and think tanks. (, More than 77 percent of organizations do not have an incident response plan. This communication between multiple devices also opens them to vulnerabilities from outside influence, attacks or an unknown software bug. The CISO and the centralized function will continue to set policy, while cybersecurity leaders are placed in different parts of the organization to decentralize security decisions. Vendors are consolidating security functions into single platforms and introducing pricing and licensing options to make packaged solutions more attractive. Half a million Zoom user accounts were compromised and sold on a dark web forum during the first month of the pandemic. (, Cyber fatigue, or apathy to proactively defending against cyberattacks, affects as much as 42 percent of companies. Whether it be for an individual or organization, safeguarding digital data is the primary goal now. When remote work is a factor in causing a data breach, the average cost per breach is $1.07 million higher. Accentures 2020 State of Cyber Resilience Report, Verizons 2020 Data Breach Investigations Report, 89 Must-Know Data Breach Statistics [2022], 86 Ransomware Statistics, Data, Trends, and Facts [updated 2022], Around 40 percent of the worlds population is offline, making them vulnerable targets for cyberattacks if and when they do connect. (, On average, a financial services employee has access to nearly 11 million files the day they walk in the door. (, Remote work and lockdowns are driving a 50 percent increase in worldwide internet traffic, leading to new cybercrime opportunities. (, About 60 percent of malicious domains are associated with spam campaigns. With more and more organizations now established on clouds, security measures need to be continuously monitored and updated to safeguard the data from leaks. This makes AI even more essential as its the only hope of counteracting AI-powered cyber-attacks! (, Smaller organizations (one to 250 employees) have the highest targeted malicious email rate at one in 323. (, There were 712 healthcare data breaches in 2021, exceeding 2020 by 11 percent. These models are often connected to operational systems in order to model data gathered by them and may offer a treasure trove of data and access points to those with nefarious intentions. , DDoS attacks, and malware such as Trojan horse, adware, and spyware. Gartner predicts that by 2025, 45% of organizations worldwide will have experienced attacks on their software supply chains, a three-fold increase from 2021. (, Financial services businesses take an average of 233 days to detect and contain a data breach. These cybersecurity trends in 2022 are bound to have more fear in organizations to stack their security measures. and (, 58 percent of nation-state cyberattacks originate from Russia. (, 66 percent of companies say that compliance mandates are driving spending. It's the predictive powers of AI that make it so useful here, which is why more and more companies will be investing in these solutions as we go into 2022. However, as more aspects of the business are digitalized, the job is becoming too big for a centralized CISO role. Expect high-profile data breaches, political and industrial secrets to top cybersecurity trends for 2022. (, Financial services have 449,855 exposed sensitive files, 36,004 of which are open to everyone in the organization. (, 27 percent of COVID-19 cyberattacks target banks or healthcare organizations and COVID-19 is credited for a 238 percent rise in cyberattacks on banks in 2020. Companies should take note of takeaways from the GDPR as more regions around the world are expected to emulate the legislation. (, 68 percent of business leaders feel their cybersecurity risks are increasing. To learn more about a variety of cybersecurity topics and to earn CPE credits sign up for a free security webinar. (, The healthcare industry incurs the highest average data breach costs at $7.13 million. (, On average, only five percent of companies folders are properly protected. (, A data breach can cost a company an average of $1.59 million in lost business. Self-driving or autonomous vehicles use an even further complex mechanism that requires strict cybersecurity measures. However, more recently, a direct infection via USB devices by people who have physical access to machines is becoming increasingly common. These changes in the way we work, together with greater use of public cloud, highly connected supply chains and use of cyber-physical systems have exposed new and challenging attack surfaces.. are only projected to grow throughout the decade. The IoT has long been recognised as a specific threat attacks that have been identified in the past include hackers using connected household appliances like fridges and kettles to get access to networks, and from there go on to access computers or phones where valuable data could be stored. (, 40 percent of IT leaders say cybersecurity jobs are the most difficult to fill. Data breaches expose sensitive information that often leaves compromised users at risk for identity theft. Gartner recommends security leaders look beyond traditional approaches to security monitoring, detection and response to manage a wider set of risks. (, On average, every employee has access to 11 million files. By clicking the "Continue" button, you are agreeing to the (. (, Manufacturing companies account for nearly a quarter of all ransomware attacks, followed by professional services with 17 percent of attacks and government organizations with 13 percent of attacks. Cryptocurrencies will be subject to heftier regulation as their adoption grows. Q: How many cybersecurity attacks are there per day? (, An attack on Microsoft in March 2021 affected more than 30,000 organizations in the U.S., including businesses and government agencies. (, In 2018, businesses spent an average of $1.3 million to meet compliance requirements and were expected to spend an additional $1.8 million. By assessing your businesss cybersecurity risk, making companywide changes, and improving data protection, its possible to guard your business against most data breaches. (, Since 2016, the demand for data protection officers has skyrocketed more than 700 percent because of the GDPR. Cyber-security risk and exposure a key factor in partnership decisions. Weve outlined more details to provide you with an idea of the field as a whole, along with the overall impact of, To learn more about a variety of cybersecurity topics and to earn CPE credits sign up for a, 95 percent of cybersecurity breaches are caused by human error. (, The most expensive component of a cyberattack is information loss, averaging $5.9 million. (, Around 26 percent of all web traffic is bad bot traffic. Any minor flaw or bug in your system browser or software is a potential vulnerability for hackers to access personal information. Cybersecurity is a day-to-day operation for many businesses. Unfortunately, most cybersecurity breaches are caused by human error. PMP, PMI, PMBOK, CAPM, PgMP, PfMP, ACP, PBA, RMP, SP, and OPM3 are registered marks of the Project Management Institute, Inc. Crucially, AI means this can be done in systems that need to cope with thousands of events taking place every second, which is typically where cybercriminals will try to strike. (, Malicious PowerShell scripts blocked in 2018 on the endpoint increased 1,000 percent. In fact, Garner predicts that industry-standard security rating schemes like SecurityScorecard, Black Kite, or UpGuard will become as important to companies as credit rating agencies. There won't be any stoppage between the western and eastern powers in attempts to find superiority. (, There were 1,862 recorded data breaches in 2021, surpassing the 2017 record of 1,506 breaches. The risks of not securing files are more prevalent and dangerous than ever, especially for companies with a remote workforce. Unfortunately, cybercriminals are also aware of the benefits of AI, and new threats are emerging that use technologies like machine learning to evade the protective measures of cybersecurity. (, 57 percent of organizations see weekly or daily phishing attempts. More severe consequences are being enforced as stricter legislation passes in regions across the world defending data privacy. Sorry, No data match for your criteria. (, 15 percent of companies found 1,000,000+ files open to every employee. We've been keeping the world's most valuable data out of enemy hands since 2005 with our market-leading data security platform. 15 influential cybersecurity statistics and facts, Unfortunately, most cybersecurity breaches are caused by human error, . Continuous change in technologies also implies a parallel shift in cybersecurity trends as news of data breach, ransomware and hacks become the norms. COVID-19 made an impact on every industry across the globe, and cyberspace is no exception. We could also see a growing number of legal obligations handed to Chief Information Security Officers, in line with the responsibilities of Chief Financial Officers, in an attempt to limit the impact of data thefts, losses, and breaches on customers. (, Personal data belonging to more than 100 million Android users was exposed in a 2021 data leak due to misconfigured cloud services. (, 76 percent of cybersecurity professionals consider recruiting and hiring new employees difficult. Regulation starting to catch up with risk. Learn more: Your Ultimate Guide to Cybersecurity. The number of connected devices known as the internet of things (IoT) is forecast to reach 18 billion by 2022. At the same time, sophisticated ransomware, attacks on the digital supply chain and deeply embedded vulnerabilities have exposed technology gaps and skills shortages. (, More than 93 percent of healthcare organizations experienced a data breach from 2017 to 2020. Those who understand these seven trends will be better able to address new risks and elevate their role, but it requires reframing the security practice and rethinking technology, as well as preparing to respond to new threats. Even the world's most used browser supported by Google, Chrome was found to have serious bugs. It may be necessary to come up with creative cybersecurity skills shortage solutions including outsourcing tasks, starting apprenticeships, and partnering with educational and military institutions to find fresh talent. (, Financial breaches account for 10 percent of all attacks. (, 32 critical data breach and hacking statistics. Cybercrime has many new victims, as the number of global internet users increases each year. Organizations with a zero-trust approach saw average breach costs $1.76 million less than organizations without. AI has been paramount in building automated security systems, natural language processing, face detection, and automatic threat detection. (, About 20 percent of malicious domains are new and used around one week after they are registered. (, GDPR fines totaled $63 million in the first year. New strict measures General Data Protection Regulation (GDPR) was enforced from May 25th, 2018 onwards, offering data protection and privacy for individuals in the European Union(EU). Especially in the developed nations' industries rely heavily on specific software to run their daily activities. Because of these remote workforces, cloud breaches will increase. (, The top malicious email attachment types are .doc and .dot which make up 37 percent; the next highest is .exe at 19.5 percent. Similarly, the California Consumer Privacy Act (CCPA) was applied after January 1st, 2020, for safeguarding consumer rights in the California area. The tension between the US and Iran or Chinese hackers often creates worldwide news though the attacks are few; they have a significant impact on an event such as elections. (, Ransomware attacks rose by 435 percent in 2020 compared to 2019. Interested in entering the cybersecurity field? (, Using a single password, hackers infiltrated the Colonial Pipeline Company in 2021 with a ransomware attack that caused fuel shortages across the U.S. (, Meat processing company JBS was the victim of a ransomware attack that shut down beef and poultry processing plants on four different continents. Alternatively, the software virus may threaten to publish the data publicly, leaving the organization liable to enormous fines. For more in-depth security insights check out our cybersecurity whitepapers. Other ransomware attacks have targeted gas pipelines and hospitals. IoT devices will become more vulnerable to cyberattacks as 5G increases bandwidth to connected devices. You may opt-out by. Q: Where can I find more cybersecurity reports? Read more about these and other future trends in my books, Business Trends in Practice: The 25+ Trends That are Redefining Organizations and Tech Trends In Practice: The 25 Technologies That Are Driving The 4th Industrial Revolution. Hybrid work and digital business processes in the cloud have introduced new risks. (, There was a 350 percent growth in open cybersecurity positions from 2013 to 2021. (, 65 percent of cybercriminal groups used spear-phishing as the primary infection vector. To successfully fight against malicious intent, its imperative that companies make cybersecurity awareness, prevention, and security best practices a part of their culture. (, 43 percent of all breaches are insider threats, either intentional or unintentional. Some of the most common attacks include phishing, whaling, malware, social engineering, ransomware, and distributed denial of service (DDoS) attacks. Once again, education and awareness are two of the most useful tools when it comes to protecting against these vulnerabilities. And research by PwC suggests that 61% of technology executives expect this to increase in 2022. Theyre often targeted due to the likelihood that theyll have fewer security measures in place and their information will be more easily accessible. (, Companies reportedly spent $9 billion on preparing for the GDPR and, in 2018, legal advice and teams cost UK FTSE 350 companies about 40 percent of their GDPR budget, or $2.4 million. (, There were nearly 800,000 complaints of cybercrime in 2020, up 300,000 from 2019. (, Since the GDPR was enacted, 31 percent of consumers feel their overall experience with companies has improved. These disruptions dont exist in isolation; they have a compound effect, says Peter Firstbrook, VP Analyst at Gartner. This doesnt mean lower-risk industries arent victims, too. Learn and master the basics of cybersecurity. With the Digital revolution around all businesses, small or large, corporates, organizations and even governments are relying on computerized systems to manage their day-to-day activities and thus making cybersecurity a primary goal to safeguard data from various online attacks or any unauthorized access. These ransomware targets are more focussed such as the Wanna Cry attack on the National Health Service hospitals in England Scotland corrupted more than 70,000 medical devices. Take a look at these spending statistics and projections for an idea of where cybersecurity costs stand in 2022. (, The average cost of a financial services data breach is $5.85 million. (, 54 percent of companies say their IT departments are not sophisticated enough to handle advanced cyberattacks. For example, in the SolarWinds breach attackers used a suppliers privileged access to infiltrate the target network. Error submitting the form. 166 Cybersecurity Statistics and Trends [updated 2022], A lack of data protection, side effects of a global pandemic, and an increase in. (, The cybersecurity unemployment rate is near zero percent and is projected to remain there for the foreseeable future. (, The 2019 MGM data breach resulted in hackers leaking records of 142 million hotel guests. (, IoT devices experience an average of 5,200 attacks per month. With infrastructure security a significant part of almost every organization today, it would be a good choice to start their learning curve in cybersecurity today to become experts for tomorrow. 81 percent of cybersecurity professionals report that their job function changed during the pandemic. Try a free 30-minute demo to see how Varonis can help keep your organizations name out of data breach headlines. Expanding 5G networks connected devices at faster speeds and greater bandwidths. One consequence of this is a hugely increased number of potential access points for cybercriminals looking to gain access to secure digital systems. These industry trends and predictions are expected to take hold in 2022 and beyond: The worldwide information security market is growing rapidly. (, More open roles exist for systems security analysts than any other cybersecurity profession. (, An estimated 300 billion passwords are used by humans and machines worldwide. (, 100,000 groups and more than 400,000 servers in at least 150 countries were infected by the Wannacry virus in 2017, at a total cost of around $4 billion. The ever-expanding digital footprint of modern organizations drives this years top cybersecurity trends. Is It Better To Lease Or Buy A Car In Summer 2022? (. In 2022 we will undoubtedly continue to see attacks on IoT devices increase. According to the UK National Cyber Security Centre, there were three times as many ransomware attacks in the first quarter of 2021 as there were in the whole of 2019. Ransomware typically involves infecting devices with a virus that locks files away behind unbreakable cryptography and threatens to destroy them unless a ransom is paid, usually in the form of untraceable cryptocurrency. The PG Program in Cyber Security will equip you with the skills needed to become an expert in this rapidly growing domain. With these increases, many companies cybersecurity budgets continue to rise as well. (, The financial services industry incurred the most cybercrime costs in 2018 at $18.3 million. , and makes the company liable for compliance violations. Nothing illustrates this so well as the SolarWinds hack, described by Microsoft president Brad Smith as the most sophisticated cyberattack of all time, the reverberations of which have been felt throughout 2021. Every step of the 5G network might bring a plethora of network attacks that we might not be aware of. Join your peers for the unveiling of the latest insights at Gartner conferences. Some stand-outs from recent years include the European Unions 2018 General Data Protection Regulation (GDPR) and Californias 2020 California Consumer Privacy Act (CCPA). (, In April 2021, a two-year-old vulnerability was discovered that exposed the personal information of more than 533 million users. Human error continues to feature in most data breaches, showing that traditional approaches to security awareness training are ineffective. (, 78 percent of companies expect annual increases in regulatory compliance requirements. (. To successfully fight against malicious intent, its imperative that companies make cybersecurity awareness, prevention, and, For more in-depth security insights check out our, Influential cybersecurity statistics and facts, Critical data breach and hacking statistics, Cybersecurity compliance and governance statistics, Cybersecurity workforce statistics and predictions. Industries that store valuable information such as. (, Trojan horse virus Ramnit largely affected the financial sector in 2017, accounting for 53 percent of attacks. These stats include data breaches, hacking stats, different types of cybercrime, industry-specific stats, spending, costs, and information about the cybersecurity career field. According to Security Magazine, 2022 is set to be the year when regulators pull out the stops in order to get on top of the situation. Data breaches expose sensitive information that often leaves compromised users at risk for identity theft, ruins company reputations, and makes the company liable for compliance violations. (, Remote workers have caused a security breach in 20 percent of organizations during the pandemic. Read more below to get a sense of the most common cyberattacks. Security and risk management leaders need to partner with other departments to prioritize digital supply chain risk and put pressure on suppliers to demonstrate security best practices. When it comes to cybersecurity, not all industries are created equal. What Is the Internet of Things (IoT) and Why It Matters, Cloud Architect Certification Training Course, DevOps Engineer Certification Training Course, Big Data Hadoop Certification Training Course, Data Science with Python Certification Course, AWS Solutions Architect Certification Training Course, Certified ScrumMaster (CSM) Certification Training, ITIL 4 Foundation Certification Training Course.

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