Top 10 cybersecurity statistics for 2020
Today organizations and individuals tend to create and store bigger and bigger volumes of data. At the same time, the amount of data breaches is also becoming a serious issue, which is not surprising. The number of reported data breaches rose 17% to 1,473 in 2019 from 1,257 a year earlier, according to a new report by the nonprofit Identity Theft Resource Center, suggesting that a trend-defying drop in data breaches recorded in 2018 was a mere “blip.”
Here are some important cybersecurity statistics for 2020. This will help you to get a better idea of how important it is to secure your personal and business data from various types of cybercrime.
According to Cybersecurity Ventures, the damage related to cybercrime is projected to hit $6 trillion annually by 2021, up from $3 trillion in 2015. — This represents the greatest transfer of economic wealth in history, risks the incentives for innovation and investment, and will be more profitable than the global trade of all major illegal drugs combined.
2. By the end of 2020, security services are expected to account for 50% of cybersecurity budgets. — Security as a service is on the way to surpassing on-premises deployments, and hybrid deployments are enticing buyers.
3. By 2020, the estimated number of passwords used by humans and machines worldwide will grow to 300 billion. (Cybersecurity Media) — Furthermore, the report estimates that Fortune 500 company employees in 2020 will own an average of 90 business and personal accounts that will require log-in IDs and passwords — meaning they will collectively be managing approximately 5.4 billion passwords. In an on-camera interview, report co-author and Thycotic Cyber Strategist Joseph Carson also told SC Media that the average individual will have to manage 60 to 90 accounts by 2020.
4. 83% of enterprise workloads will move to the cloud by the year 2020. (Forbes) — The prediction is that 41% of enterprise workload will be run on public cloud platforms by 2020. Another 20% will be private-cloud-based, while 22% will rely on hybrid cloud adoption. Further data cited by Forbes, suggests only 27% of workloads will be on-premise by 2020. This would spell a 10% drop in absolute terms in just one year — as the same number for 2019 is at 37%.
5. The industry with the highest number of attacks by ransomware is the healthcare industry. Attacks will quadruple by 2020. — Medical devices have an average of 6.2 vulnerabilities each; 60 percent of medical devices are at end-of-life stage, with no patches or upgrades available. Cybersecurity blogger and author Brian Krebs reports hospitals that have been hit by a data breach or ransomware attack can expect to see an increase in the death rate among heart patients in the following months or years because of cybersecurity remediation efforts. This is according to a study by Vanderbilt University.
6. According to Cybersecurity Ventures, businesses will fall victim to a ransomware attack every 11 seconds by 2021, up from every 14 seconds in 2019… increasing from every 40 seconds in 2017!
7. In 2020, 30% of successful cyber attacks will be on the shadow IT resources of organizations. — Business units manage the truth of the enterprise and will draw in with any device that causes them to carry out the responsibility. Organizations should figure out how to address shadow IT and make a culture of acknowledgment and protection versus detection and punishment.
8. In 2020, 99% of security vulnerabilities exploited by hackers will still be the ones known to cybersecurity experts. — Organizations should remain focused on fixing the vulnerabilities they know exist. While these vulnerabilities are barely noticeable, they’re additionally simpler and cheaper to fix than to mitigate.
9. Since COVID-19, the US FBI reported a 300% increase in reported cybercrimes. — As if a pandemic wasn’t scary enough, hackers leveraged the opportunity to attack vulnerable networks as office work moved to personal homes.
10. 90% of malware comes from emails — The most common types of malware delivered via spam email are downloaders, bots, and backdoors, which collectively account for 52% of all infections. Banking Trojans account for 42% and Emotet, Trickbot, and Panda banking Trojans are most common.
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