Last year was a year like no other in a variety of ways—none more significant than its effect on businesses large and small. The abrupt shift to remote work and the sudden pivot to cloud-based platforms meant then, as it does now, that cybersecurity has never been more important for day-to-day operations.
I combed through many, but wanted to share a few that stood out—one above all the rest: “Since the pandemic began, the FBI reported a 300% increase in reported cybercrimes.” (IMC Grupo).
That stat alone is enough reason to revisit your cybersecurity measures at work, but here are few others I found eye-opening as well:
- Cloud-based cyber attacks rose 630% between January and April 2020. (Fintech News)
- Almost 50% of business PCs and 53% of consumer PCs that got infected once were re-infected within the same year. (2020 Webroot Threat Report)
- The average cost of a data breach was $3.86 million as of 2020 and the average time to identify a breach in 2020 was 207 days. (IBM)
- Remote work increased the average cost of a data breach by $137,000. (IBM)
- On average, only 5% of companies’ folders are adequately protected. (Varonis)
- Hackers are attacking computers and networks at a rate of one attack every 39 seconds. (University of Maryland)
- 63% of network invasions are the result of compromised user passwords and usernames. (Microsoft)
- U.S. ransomware attacks cost an estimated $7.5 billion in 2019. (Emsisoft)
- The average ransomware payment rose 33% in 2020 over 2019, to $111,605. (Fintech News)
- Almost 200 million ransomware attacks occurred in the first nine months of 2020, representing a significant increase over the previous year. (SonicWall).
These new statistics are haunting. It behooves you to take the necessary steps in light of the above statistics.