Frightening Cyber Security Statistics!

Some would say Cyber Security can “wait” because it’s not “that” important- GCS encourages you to think again! Businesses need to make a fundamental change in their approach to cybersecurity and re-prioritize budgets to align with this newly defined reality of our modern society.

1. 95% of hacked records came from three industries in 2016

Technology, retail stores, and the government. Hackers usually target these groups because of the high level of personal identifying information contained in their systems. This is how information ends up stolen.

2. Hackers attack every 39 seconds

This is where a strong, protective antivirus would come in handy. Just think- the non-secure usernames and passwords we use can give attackers more of a chance of success to infiltrate your personal information. GCS specializes in cyber security and can provide cyber security training, and if the need would ever arise, we can help get you Hipaa compliance.

3. 43% of cyber attacks target small- mid sized businesses

64% of companies have experienced web-based attacks.  62% experienced phishing & social engineering attacks. 59% of companies experienced malicious code and botnets and 51% experienced denial of service attacks.

4. The average cost of a Hack in 2020 will exceed $150 Million

As more business infrastructure gets connected, Juniper Research data suggests that cybercrime will cost businesses over $2 trillion total in 2019.

5. Since 2013 there are 3,809,448 records stolen every day

158,727 per hour, 2,645 per minute and 44 every second of every day reports Cybersecurity Ventures.

6. Over 75% of Healthcare industry has been infected with malware over the last year

The study examined 700 healthcare organizations including medical treatment facilities, health insurance agencies and healthcare manufacturing companies. This is where the HIPAA Compliance violation fines come into play putting businesses in debt by the thousands. GCS can assist businesses to be fully HIPAA Compliant!

7. 95% of cybersecurity breaches are due to human error

Cyber-criminals and hackers will infiltrate your company through your weakest link; wherever there are gaps, they will be found and they will be hacked.

8. Only 38% of organizations claim they are prepared to handle a sophisticated cyber attack

Which is worse? An estimated 54 percent of companies say they have experienced one or more cyber attacks in the last 12 months.

9. Total cost for cybercrime as a whole adds up to $1 trillion in  2018

Don’t think that all that money comes from hackers targeting corporations, banks or wealthy celebrities. Individual users like you and me are also targets. As long as you’re connected to the Internet, you can become a victim of cyber attacks.

What does it all mean?

Last year, Ginni Rometty, IBM’s chairman, president and CEO, said: “Cybercrime is the greatest threat to every company in the world.” And she was right. With evolving technology comes evolving hackers. Understanding the cyber terminology, threats and opportunities is critical for every business across all industries. By providing advanced cyber training and education solutions in all departments of your business, you are investing in your company’s protection against cyber threats. Learn more at GCS IT Service.