Protect Your Digital Assets With Cyber Security

Cyber security refers to the protection of computer systems, networks, and digital assets from unauthorized access, theft, or damage. It involves a range of practices and technologies that aim to prevent, detect, and respond to cyber threats and attacks. According to McKinsey “Cybersecurity has become an integral part of the risk function for organizations across the globe. With the increasing reliance on technology and the growing sophistication of cyber threats, cybersecurity risks have emerged as a critical area that requires diligent attention from risk management professionals”.

Cyberattacks are a constant threat, and they’re only getting more sophisticated and organized. Cybercriminals spend billions of dollars each year on new technologies to launch cyberattacks, and they’re using their investments to target businesses at an alarming rate. As technology evolves and becomes even more connected, achieving perfect cyber security is increasingly difficult. Here’s all that you need to know about cyberattack statistics in 2022: 

Out of all the cyber attacks, 4% are by insiders. 

How can we protect ourselves from insider cyber-attacks? 

Insider threats are a major concern. They account for 4% of all cyber attacks, and insiders can access your systems. Therefore, they can cause the most damage by corrupting or destroying data, stealing confidential information, and other malicious activities. Insider threats can be motivated by revenge (for example, when an employee is removed from service), financial gain (for example, through insider trading), or ideology (such as political espionage). No matter what their motivation is, it’s essential that you protect yourself against these types of trusted users who seek access to your systems for personal gain or sabotage purposes. 

Data Breach cost, on average, is $3.92 million. 

According to a recent study by Ponemon Institute and IBM Security, it costs organizations an average of $3.92 million to resolve a single data breach incident. The report also revealed that globally, the annualized cost of cybercrime is more than $600 billion—more than double what it was just five years ago when it stood at $188 billion annually. 

Email-based spear-phishing attacks are the most common form of cyberattack. 

Spear phishing attacks are the most common form of cyberattack, with over 75% of organizations reporting they were targeted at least once. 

Cybercriminals use email to trick people into giving up personal information such as usernames and passwords or unwittingly downloading malicious software onto their devices. Spear phishing attacks are more effective than regular phishing because they target at specific individuals within an organization. These emails often look like legitimate communications from a trusted source, such as your credit card company or bank. Still, they contain links or attachments that lead to sites where you are asked to provide personal information.

These sites could be duplicates of what appear to be legitimate login pages for your bank account or other secure web applications – but aren’t! This makes it hard for users to detect whether a website is fake without actually visiting it firsthand (which should never happen!). 

Social engineering is one of the leading causes of data breaches. 

Cybercriminals use social engineering to gain unauthorized access to data and systems, often by tricking users into giving up their login credentials. Social engineering is one of the leading causes of data breaches. It often targets employees with emails that look like they are coming from within the organization or from a trusted source (e.g., a customer). 

Cyber security budgets have increased. 

For businesses, increased cyber security budgets mean more money for hiring new employees, purchasing advanced security systems, and other expenses related to protecting the company from attacks. For example, in 2015, a report from ESG revealed that 81% of surveyed companies planned to increase their spending on cyber security by 2020. From there, it’s clear that these companies are taking steps to improve their defenses against hackers and thieves alike. 

It’s also important to note that this law was proposed before, but passed yet because they’re too concerned about how it might affect Americans’ privacy rights or civil liberties (as well as other things). 

Ransomware attacks have doubled since 2019 and cost businesses $20 billion in 2020 alone. 

• Ransomware attacks have doubled since 2019 and cost businesses $20 billion in 2020 alone. 
• As if you needed more reasons to be wary of cybercriminals, ransomware attacks are rising. The FBI reported a 45% increase in these cyberattacks between 2017 and 2018 alone. And if that weren’t scary enough, it’s not just your personal information at risk—businesses lose somewhere between $500 million and $1 billion annually due to these costly hacks as well! When it comes down to it, there’s no one-size-fits-all solution to preventing or mitigating damage from ransomware attacks. However, with proper training and preparation (and maybe even some good luck), you’ll be better equipped than most others when faced with this type of threat head-on! 

The United States is the most targeted country for cyberattacks. 

• The United States is the most targeted country for cyberattacks. 
• Why? Well, ‘ ‘it’s not just because of its size and strength. It also has a lot of tech—and hackers want what they ‘can’t have. 

In 2020, 61% of ransomware attacks were against SMBs. 

This is a significant increase from the previous year and has to do with small businesses that don’t have the resources or expertise to prevent cyberattacks. In addition, SMBs often lack proper protection against cybercriminals because they cannot invest in cybersecurity solutions as readily as large organizations can. 

Cybercriminals will spend more time and effort targeting their victims in 2023. 

Cyber security attacks will become more targeted in the next two years in their attacks. They will spend more time and effort targeting their victims, so you should expect increasingly sophisticated attacks. These targeted attacks may come in the form of ransomware or other malware-based threats, which have been on the rise recently. To stay ahead of cyber threats, it’s essential to know the latest statistics and trends regarding them. 

Knowing the statistics and trends regarding cyber security is vital for staying ahead of these threats. This information can help you maintain a proactive approach to your security strategy, improving your threat detection capabilities and prevention strategies. 

The cyber threat landscape constantly evolves, and businesses must stay on top. That’s why we’ve compiled this list of the most important statistics and trends for you to be aware of in 2022. To ensure that your company isn’t caught off guard by these statistics and trends. Look at our cyber security solutions today!  For more knowledge, read our blogs on our website Auxin.io.