10 Critical Cyber Security Statistics Every Company Should Know

Brett Harney Network Security

The numbers are on the news and in blog feeds worldwide regarding data breaches and incident impact.  And while they are critical to know, the real question should be: "What should my company do about them to avoid the same fate?" Even small businesses are impacted, and when making decisions on your IT budgets, considering these statistics is crucial. But putting the money into practices that will prevent attacks from hitting your network is what you really need to know.  Download our Network Security Checklist for some specific guidelines on network security enhancements you should be making, and be prepared when attempts to attack your network come your way. Here are the 10 Cyber security statistics as reported on wildpackets.com that are critical to know and understand for every company when deciding on appropriate IT Security budget and measures:
  1. There were 1.5 million monitored cyber attacks in the United States in 2013—IBM, “Security Services 2014 Cyber Security Intelligence Index”
  2. In 2014 alone, 47 percent of American adults had their personal information exposed by hackers—CNN.com via the Ponemon Institute
  3. The FBI’s Internet Crime Complaint Center received 262,813 complaints in 2013—FBI 2013 Internet Crime Report
  4. Globally, cyber crime costs businesses $375-$575 billion annually and causes a net loss of up to 200,000 jobs in the U.S. alone—McAfee, “Net Losses: Estimating the Global Cost of Cybercrime”
  5. 92 percent of data breaches can be described by just nine distinct patterns—Verizon, “2014 Data Breach Investigations Report”
  6. 43 percent of C-level executives say negligent insiders are the greatest threat to sensitive data—IBM services
  7. As many as 110 million customers had their data personal information stolen in the Target data breach, making it the largest such incident in history—CNN Money*
  8. In 2013, 48 percent of reported data breaches in the U.S. occurred in the healthcare sector—Identity Theft Resource Center
  9. The global cyber security market will be worth $155.4 billion by 2019—Markets and Markets, “Cyber Security Market (IAM, Encryption, DLP, Risk and Compliance Management, IDS/IPS, UTM, Firewall, Antivirus/Antimalware, SVM/SIEM, Disaster Recovery, DDoS Mitigation, Web Filtering, Security Services) – Global Advancements, Forecasts & Analysis (2014-2019)”
  10. Cyber security is now the top concern for business legal directors and general counsels—FTI Consulting, “Law in the Boardroom”
*Since the writing of this report, it is projected the Anthem data breach will be larger in ID theft impact given the more sensitive information that was taken when compared to Target. And the hits keep on coming...