The end of 2021 is near, and with that it’s a good time to look back over the last year of cybersecurity to discuss some interesting statistics. Let’s talk about these statistics and what they can mean for your organisation.
- Number of data breaches is on the rise
Back in October, data breaches had already exceeded the 2020 total, and 2021 is on pace to be a record year, with several high profile breaches making headlines, including Kaseya, Colonial Pipeline, Robinhood, and most recently, GoDaddy. According to the ITRC, 2021 is only ~200 breaches away from having the most cyber incidents in one year. This means that organisations need to be more vigilant than ever about maintaining a strong security posture and investing in solutions to protect data.
- Ransomware is costing companies big time
According to Cybersecurity Ventures, the costs linked to ransomware attacks is expected to hit $265 billion by 2031, with companies paying on an average $570,000 in ransoms to retrieve encrypted data from hackers. This is a significant increase from the average payout in 2020. Not only are the payouts increasing, but the instances of these attacks are growing as well. Companies need to be doing regular data backups to avoid data loss, and establishing a zero trust architecture that prevents hackers from waging their ransomware attacks.
- Supply chain vendors pose big risk for businesses
It’s not enough for companies to have security measures in place. The third party vendors organisations use for services, particularly those related to IT and software, need to also have these measures in place. Recent statistics show that 97% of firms have been impacted by a breach to a vendor in their supply chain, and 93% have been hit with a cyber attack due to weakness in the supply chain.
These statistics paint a picture of the increasing cyber threat. Contact us today to learn more about what solutions our team can implement to protect your business from cyber attacks.