15 Urgent Cybersecurity Statistics in 2023

Cybersecurity is an area of constant and ever-changing concern due to cybercriminals that want to ruin our online enjoyment.

Over the past few years, we have seen a sizable increase in reports of the rise in frequency and the types of cyber threats and companies. 

We have researched the topic and will share with our readers the cybersecurity statistics we all need to know for 2023.

Businesses ranging from small to large need to be prepared and to prepare their employees at every level for cyber threats.

Many cyber threats can be thwarted by providing proper data security and cybersecurity training initiatives in today’s workforce.

We already know that 88% of security threats succeed due to human error.

When employees aren’t aware of cyber threats and data security, they are more apt to click on things that look legit but aren’t.

Additionally, most employees have access to more than 12,000 files within an organization, which is more than enough for one cybercriminal to breach a network.

Businesses also need to narrow file and folder access to employees on a “need to know” basis instead of unrestricted access to all company files and folders.

There’s more to cover, so let’s get started with this article and learn the statistics behind cybersecurity we need to know.

Key Statistics

  • Global damage from cybercrimes is expected to reach $10.5 trillion (USD) per year by 2025.
  • Global organizations detected 493.33 million ransomware attacks in 2022.
  • Phishing is still the most used type of cyber-attack with around 3.4 billion spam emails sent/received per day.
  • In 2022, 2,200 cyber-attacks occurred each day.
  • 800,944 cybercrime complaints were reported in 2022.
  • Data reveals that only 5% of company folders are effectively protected.
  • Data shows that a surprising 60% of organizations lack governance or oversight within their security posture.
  • Microsoft was able to mitigate an average of 1,435 DDoS daily attacks in 2022.
  • 51% of companies plan to increase their security spending due to a data breach.
  • Data breaches can take an average of 277 days to discover, identify, and contain.

Top Cybersecurity Statistics in 2023

1. Global Damage from Cybercrimes Is Expected to Reach $10.5 Trillion (USD) per Year by 2025.

It’s been predicted that by the end of 2023, the global figure in terms of damages due to cybercrimes are to reach $8 trillion (USD).

As cyber threats continue to grow by 15% each year, the 2025 expectation for damages incurred at the global level is $10.5 trillion (USD).

The costs of cybercrimes go well beyond financial in terms of data recovery, downtime, and productivity for instance.

(Cybercrime Magazine)

2. Global Organizations Detected 493.33 Million Ransomware Attacks in 2022.

SonicWall’s 2023 Cyber Threat report revealed that 493.3 million ransomware attempts were caught in 2022.

While that’s a nice decline over 2020 and 2021 when there was a sizable surge of ransomware, it’s still a cyber threat we need to be aware of now and in the future.

(SonicWall 2023 Cyber Threat Report, Statista, Techopedia) 

3. Phishing Is Still the Most Used Type of Cyber-Attack with Around 3.4 Billion Spam Emails Sent/received per Day.

Nearly 3.4 billion spam emails are sent and received, which accounts for most phishing attacks.

The goal of phishing is for the cybercriminal or team to gain access without your permission to sensitive and confidential data.

Also, phishing is used to achieve identity theft and other malicious acts.

(Cisco: 2021 Cyber Security Threat Trends, Technopedia)

4. in 2022, 2,200 Cyber-Attacks Occurred Each Day.

Statistics show that there is an attack by a hacker every 39 seconds, which correlates with these statistics about the average number of daily cyber-attacks in 2022.

By the end of 2022, analytics and research revealed that 2,200 cyber-attacks happened per day on average.

That means some days were higher than others.

(Astra, Cobalt, CompTIA)

5. 800,944 Cybercrime Complaints Were Reported in 2022.

The FBI Internet Crime Report from 2022 is out and it reveals that 800,944 cybercrime complaints were reported for the year.

The report also says that this huge figure is a 5% downturn from 2021.

However, the total potential losses are $3.3 billion (USD) higher than 2021.

In 2022, the potential losses were reported as $10.2 billion (USD) compared to $6.9 billion (USD) in 2021.

(2022 FBI Internet Crime Report)

6. Data Reveals that Only 5% of Company Folders Are Effectively Protected.

According to statistics, companies only have 5% of their network folders effectively protected, which means their data is vulnerable to loss.

As mentioned before, many employees have access to nearly all of a company’s folders. In this case, we’re talking 95%.

While it seems like a good idea to allow access to company files to employees, this leaves critical data at risk and exposed to nefarious criminals. 

(99Firms, Gitnux)

7. Data Shows that A Surprising 60% of Organizations Lack Governance or Oversight Within Their Security Posture.

Cybersecurity 712

This statistic involves the access governance and visibility of data on a network.

Organizations need to have a stronger posture regarding security in this area.

In fact, the data shows that a whopping 60% of organizations say they lack governance and oversight in regard to access to their system(s) that would better protect their data and systems.

(2022 Ponemon Institute Report, Varonis)

8. Microsoft Was Able to Mitigate an Average of 1,435 DDoS Daily Attacks in 2022.

DDoS (Distributed Denial of Service) attacks maliciously interrupt the regular function of a service, website, or network.

It does so by overwhelming the system, website, or network with excessive internet traffic.

Microsoft claims they were able to mitigate 1,435 DDoS daily attacks on average in 2022. 

(Technopedia)

9. 51% of Companies Plan to Increase Their Security Spending Due to A Data Breach.

One of the pieces of information reported in the 2023 IBM Cost of a Data Breach Report revealed that 51% of organizations plan to increase their spending in cybersecurity because of a breach in the company’s network.

This includes employee training, IR (incident response) planning and testing, response tools, and threat detection. 

(IBM)

10. Data Breaches Can Take an Average of 277 Days to Discover, Identify, and Contain.

In terms of active data breaches, it can take a company an average of 277 days to locate, identify, and contain a data breach.

For reference, 277 days is considered the lifecycle of a data breach from discovery to containment.

This translates into around 9 months, or around 75% of a full year.

Imagine the damage that can be done with stolen data during that time.

(IBM 2022 Report)

11. Only 8% of Organizations with Fewer than 50 Employees Have a Specific Budget for Cybersecurity.

Over half (52%) of SMEs (small to midsized enterprises) have no dedicated budget for cybersecurity.

To qualify as an SME, the business must have fewer than 50 employees and meet other requirements.

That said, only 8% of them do have a dedicated budget for cybersecurity.

Furthermore, 47% of SMEs refer cybersecurity to their existing IT or other departments and have nothing set aside for cybersecurity.

(PropertyCasualty360)

12. 66% of Survey Respondents Said They Were More Concerned About Cybersecurity in 2022.

The 2023 SonicWall Cyber Threat Report revealed that 66% of those from the 2022 Threat Mindset Survey said they were more concerned about cyber-attacks than in the previous year (2021).

Another 29% responded that they have the same amount of concern and only 5% said they were less concerned than they were in 2021. 

(SonicWall 2023 Cyber Threat Report)

13. 60% of Small Businesses Go out Of Business Within 6 Months After a Cyber-Attack.

According to research, 60% of small businesses must file bankrupty within six months after a cyber-attack.

The lack of money to manage cybersecurity well and then the costs of recouping from a loss due to an attack both contribute to the challenges facing small businesses today.

The costs for implementing cybersecurity and to recover from a data breach will both only increase in the coming years.

(Fundera)

14. Only 28% of Companies Used AI Security Comprehensively Though It Reduces Expenses and Speeds up Threat Containment.

Yes. AI is more than a marketing tool, writing improvement solution, or an art generation tool.

Artificial Intelligence is also playing a vital role in AI cybersecurity which is already known to investigate, prioritize, and report high-fidelity security alerts based on the credibility, relevance, and seriousness of risks in systems and networks. 

(IBM)

15. 300,000 Unique Malware Events Occur Daily.

Malware 714

Data from 2022-2023 shows that there are 300,000 unique malware events occurring daily.

As you might expect, 92% of malware instances are distributed via email and take an average of 49 days to be discovered.

Cybercriminals use malware to gain unauthorized access to networks, systems, databases, and cause other harm to systems.

Stolen data is only one of the things malware programs can do.

(Technopedia)   

FAQs

What Is Cybersecurity?

Cybersecurity is a method of protecting computer systems, databases, and networks from unauthorized intrusion, destruction, interruption, modification, disclosure, or use.

It’s vital that organizations, governments, and individuals have a way to protect their computers, servers, files, folders, and sensitive and confidential data from cyber-attacks. 

What Are the Top Biggest Threats in Cybersecurity?

Cyberthreats come in a wide range of events and instances including, but aren’t limited to:

• Phishing: A type of social engineering cyber-attack that utilizes text messaging, social media messaging, and email to coerce people into providing their credit card numbers, passwords, and other personal data.

• Malware: A form of software application created with the express purpose to do a computer system harm, steal data, interrupt normal function, and even install ransomware.

• Ransomware: A kind of malware that holds the company’s or victim’s files and folder hostage until they pay a ransom. They use encryption to prevent access.

• Data Breach: Data breaches are events where sensitive data is stolen from a network computer system. This data is often used to commit fraud, identity theft, and other crimes.

• Zero-Day Attacks: We didn’t cover this kind of attack in the article body, but it’s designed to exploit software vulnerabilities unknown by the vendor. These attacks are challenging to protect and defend against.

How Do You Protect Yourself from Cyber-Attacks?

There are several things you can implement to protect yourself from cyberattacks such as:

• Using strong passwords and regularly changing them.
• Be cautious about clicking links in texts, emails, opening email attachments, or even clicking links on social media.
• Regularly update your software.
• Install and use antivirus and firewall protection.
• Educate yourself about cybersecurity and learn how to better protect yourself and your data.

What Is the Government’s Role in Cybersecurity?

The governments of the world play a role in cybersecurity by:

• Educating their people about the best practices of cybersecurity and about threats.
• Developing and enforcing rules and regulations regarding cybersecurity.
• Providing funds for the research and development of better cybersecurity.
• Working with organizations to enhance their cybersecurity provisions.

What Is the Future of Cybersecurity?

Trending technology and other things that drive cybersecurity improvements include:

• The ever-increasing use of mobile devices and cloud computing.
• The rapid growth of sophistication in cyberattacks.
• The increase in AI and ML.
• The increasing number of connected devices.

What Are Some Cybersecurity Tips?

Here are some things you need to know to protect yourself from cyber threats.

• Be smart when using publicly accessible Wi-Fi: If you often use Wi-Fi in coffee shops, hotels, or restaurants, you must assume that your data is at risk. You won’t realize you’ve been breached while criminals are using your identity.

• Install and Use an Antivirus and a Firewall: You need a good antivirus to detect and quarantine or remove threats from your devices. You also need to use your firewall to monitor what comes in and goes out of your network. 

• Create strong and unique passwords: You need to have a password that is at least 12 characters long and a complex mix of symbols, numbers, and upper- and lower-case letters. Avoid using passwords like “password”, “123456”, or your birthdate or children’s names.

• Use a good password manager: You may find it easier to use a password manager to maintain and change your passwords instead of having to remember them all yourself.

• Update your device software often: Be sure to regularly update your software on all devices. This can include plug-ins and new features that help the app perform better, but also protect it better.

• Learn the latest scams: Keep abreast of scams and threats on the rise. There are several sites that can help you learn more about cybersecurity and what’s out there now.

Regardless of whether you own a massive corporation, a small business or you are an individual, cybersecurity measures are crucial to protecting your data and yourself from fraud and cyberthreats.

Conclusion

Hundreds of thousands of cyber-attacks of various types occur every day all over the globe.

We have learned that small businesses often close due to cyber-attacks and that billions of dollars are lost by global businesses.

We have also learned that the costs of implementing cybersecurity protocols, while less costly than a cyber-attack, are not budgeted by small businesses.

Either they put that role in the hands of other people, or they have nothing in place at all.

We hope you have enjoyed reading about the most recent cybersecurity statistics in this article.

More than that, we hope you gained some valuable insights.

Sources

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