Bill Gates once said, “Information technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the other”. Unfortunately, it seems that you also can’t have information technology without hackers and other opportunistic individuals trying to steal your business data.
We’re giving you the in-depth deets on 7 cyber security stats you should know to reinforce the importance of a strong cyber security program. You can view our infographic here.
58% of malware attack victims are categorized as small business
Small businesses are generally classified as companies who earn less than $7M in sales and have fewer than 500 employees. This sounds like a lot of you, right?
Who are the victims?
What data is compromised?
92.4% of malware is delivered by email
This is a pretty scary stat since most of us use email daily. Those of you in an HR role are a top target since you have access to employee W-2 records. Cybercriminals can use this information to file fraudulent tax returns or even deposit funds directly into their own accounts.
21% of all files are not protected at all
In a recent study by Varonis that analyzed over 6 billion files, they found that 21% of a company’s files were free game to anyone in their organization. Check your permissions - your intern doesn't need access to your company's financial records. Click To Tweet
Are your files protected?
How many billions of devices are there?
Last year, there was a 600% increase in overall IoT attacks
Cisco estimates that the Internet of Things will include 50 billion devices by 2020. Currently, IoT devices range from the ever popular Amazon Echo to smart kitchen appliances to Fitbits and robotic forklifts. Every device is a new attack vector.
The average cost of a data breach globally is $3.86 million
This is a 6.4% increase from last year’s study. To get this staggering number, the Ponemon Institute conducted interviews with over 2000 IT/data protection/compliance professionals across 477 companies that have experienced a data breach over the last year. The four areas they used to determine this overall cost are detection and escalation, post data breach response, notification costs, and lost business costs.
How many millions does a breach cost?
What is the possible fine per HIPAA incident?
69% of companies see compliance mandates driving spending
This is especially true if you’re in the financial services or healthcare industry. Non-compliance will not only hurt your reputation and wallet, but also your client or patient well-being. ADKtechs offers PCI and HIPAA risk assessments to help identify where you need the most help. If you don’t already have compliance policies and checks in place, now is the time.
An incident response team reduces the cost of a breach by as much as $14/record
The average cost of each breached record is $148. Companies who have an incident response (IR) team and use encryption see a significant reduction in costs. Those who have an IR team could anticipate a cost of $134/record, while those who extensively use encryption could anticipate a cost of $135/record. It may not seem like a huge cost savings per record, but it quickly adds up when hundreds, or even thousands, of records are at risk.