Business Owners, Are You Ready for These Cybersecurity Trends in 2021?
Running a business comes with a seemingly endless amount of things on your to-do list. Unfortunately, many organizations put cybersecurity on the back burner in an attempt to get a handle on what they perceive as more urgent business matters.
If 2021 has shown us anything, it’s that cybersecurity issues need far more attention than many organizations care to give them. After all, data breach costs took up 39% of an organization’s budget more than a year after the breach occurred in 2020. Take a look at some statistics on the state of cybersecurity today:
- Malicious attacks caused 52% of data breaches, and each breach costs an average of $4.27 million.
- The total cost of a data breach in America was $8.64 million in 2020.
- Across all industries, it took an average of 280 days to identify and contain a data breach in 2020.
- Containing a data breach in 200 days or less saved an average of $1 million in 2020.
- Cybercriminals sell access to organizations’ key systems for an average of $3,139, and systems have been sold for up to $140,000.
- Brute-force hacking tools are sold on criminal marketplaces for just $4 on average.
- Email addresses containing the words “invoice” or “invoices” accounted for 66% of breached credentials in 2020.
- Large companies are more than twice as likely to experience a data breach than smaller companies.
- Phishing is a top threat for both large and small companies.
- The total average cost of a data breach in smaller companies with less than 500 employees was $2.35 million in 2020, but smaller companies have a higher average cost per employee.
Clearly, security issues today come at a high cost. Companies proactively assessing their security risks in 2021 and implementing proper protective measures to mitigate them will better defend against cyber attacks. To learn more about the increasing cyber risks currently dominating in 2021, plus action-based strategies your company can implement to protect against them, check out the visual below by Panda Security.
Please include attribution to pandasecurity.com with this graphic.