We have all heard the rumblings of cybercrime stats and why businesses should be concerned and while many of us have taken matters into our own hands, downloading security and possibly talking with our staff about phishing this may not be enough to keep your data safe.

But just understanding the cybersecurity stats and trends from the tech world is just not enough.

There is a considerable increase in the data that is breached or hacked. It is increasingly common for companies to underestimate how vulnerable they are to cybercrime. Hackers, like common thieves, look for the easiest and fastest way into your network. 

Here are just a few facts for cybercrime in 2019. 

  • There are around 24,000 malicious mobile apps blocked every day. (Symantec)
  • From 2016 to 2017, there was a 22.7% increase in cybersecurity costs. (Accenture)
  • The most expensive component of a cyberattack is information loss, which represents 43% of costs. (Accenture)
  • The average cost per lost or stolen records per individual are $141 — but that cost varies per country. Breaches are most expensive in the United States ($225) and Canada ($190). (Ponemon Institute’s 2017 Cost of Data Breach Study)
  • Damage related to cybercrime is projected to hit $6 trillion annually by 2021. (Cybersecurity Ventures)
  • Most malicious domains, about 60%, are associated with spam campaigns. (Cisco)
  • 74% of companies have over 1,000 stale sensitive files. (Varonis)
  • In 2017, spear-phishing emails were the most widely used infection vector, employed by 71% of those groups that staged cyberattacks. (Symantec)
  • 21% of all files are not protected in any way. (Varonis)
  • Nearly half of the security risk that organizations face stems from having multiple security vendors and products. (Cisco)
  • Ransomware attacks are growing more than 350% annually. (Cisco)
  • IoT attacks were up 600% in 2017. (Symantec)

No solution is 100% guaranteed to stop cybercrime from happening. No different than expecting an alarm system to protect your office contents 100%, but that doesn’t stop companies from investing in systems to keep unwanted folks out. 

Using those cybersecurity stats to invest in a layered approach is the right solution.

This approach to protecting what a company has built up over the years is the best bet. Working with a company like MicroAge can help you achieve peace of mind over your business data. Call us today and let’s talk tech. 

 

MicroAge believes in educating businesses on the benefits of partnering with an MSP.

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*information gathered from a Varonis Blog

 


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