Cybersecurity is the practice of protecting networks, systems, devices and data from unauthorized access, theft, damage or disruption. It is essential for individuals, businesses and organizations to safeguard their online assets and activities from cyber threats, which are constantly evolving and increasing in frequency, sophistication and impact. In this blog post, we will explore some of the key cybersecurity statistics, trends and facts that highlight the importance of cybersecurity in 2022.
Cybersecurity statistics to know
Cybersecurity statistics provide a glimpse into the current state and future projections of the cyber threat landscape. They also reveal the costs and consequences of cyberattacks, as well as the best practices and solutions to prevent and mitigate them. Here are some of the most relevant and alarming cybersecurity statistics to know in 2022:
- Cyberattacks are rampant: According to Norton™, there are 2,200 cyberattacks per day, with a cyberattack happening every 39 seconds on average ¹. According to Fortinet, ransomware attacks were the most common cyberattack in 2021, accounting for 21% of attacks ². According to CSO Online, phishing is by far the most common attack performed by cybercriminals, with over 6.95 million new phishing and scam pages created in 2020 ³.
- Cyberattacks are costly: According to Norton™, global cybercrime costs are expected to grow by 15% per year over the next five years, reaching $10.5 trillion annually by 2025 ¹. According to IBM, the average data breach cost rose almost 10% in 2021, reaching $4.24 million ². According to Astra Security Blog, a data breach costs an average of $9.44 million in the US ⁴.
- Cyberattacks are impactful: According to Norton™, over 75% of targeted cyberattacks start with an email ¹. According to Fortinet, only 4% of businesses that pay the ransom when held hostage by ransomware actually retrieve all their stolen data ². According to CSO Online, identity fraud losses reached $56 billion in 2020 ³.
Cybersecurity trends and facts to watch
Cybersecurity trends and facts provide insights into the emerging and evolving cyber threats, challenges and opportunities that individuals, businesses and organizations face in the digital world. They also reveal the best practices and solutions to enhance cybersecurity awareness, preparedness and resilience. Here are some of the most important cybersecurity trends and facts to watch in 2022:
- Cybersecurity is a priority: According to IDG Security Priorities Study, nearly half (49%) of IT executives said their top security priority is the protection of sensitive data ⁵. According to PwC's 2022 Global Digital Trust Insights, more organizations (66%) are expecting cyber budget growth compared to previous years ². According to Forbes, Google announced its commitment to strengthening cybersecurity with a pledge of $10 billion by 2025 .
- Cybersecurity is a challenge: According to Deloitte's 2021 survey, over 40% of CISOs and CIOs said that transformation and hybrid IT were the most difficult parts of cybersecurity management . According to Accenture’s State of Cybersecurity Resilience 2021 report, companies experienced 31% more attacks in 2021 compared to the previous year . According to Thirdway Cyber Enforcement Initiative, many cybercrime victims do not report their cases, lowering the estimated enforcement rate from 0.3% to about 0.05% .
- Cybersecurity is an opportunity: According to Vaughn College's blog post, careers in STEM fields are among the top choices of Generation Z (Gen Z) students who want to make an impact on the world . According to Forbes' article on generative AI, this technology can help improve cybersecurity by detecting anomalies, generating passwords and encrypting data . According to Fortinet's blog post on multimodal AI, this technology can help revolutionize business operations by enhancing internal processes such as threat detection, response and remediation .
Conclusion
Cybersecurity is a vital and urgent issue that affects everyone in the digital world. Cyberattacks are rampant, costly and impactful, posing serious risks and challenges for individuals, businesses and organizations. However, cybersecurity is also a priority, a challenge and an opportunity that can be addressed by adopting best practices and solutions that leverage technology, education and collaboration. Cybersecurity is not only important but essential for ensuring online safety, security and success in 2022 and beyond.
: https://www.fortinet.com/blog/business-and-technology/multimodal-ai-advantage-for-internal-processes
Source: Conversation with Bing, 7/2/2023
(1) 115 cybersecurity statistics + trends to know in 2023 - Norton™. https://us.norton.com/blog/emerging-threats/cybersecurity-statistics.
(2) Top Cybersecurity Statistics, Facts, and Figures for 2022 - Fortinet. https://www.fortinet.com/resources/cyberglossary/cybersecurity-statistics.
(3) Top cybersecurity statistics, trends, and facts | CSO Online. https://www.csoonline.com/article/3634869/top-cybersecurity-statistics-trends-and-facts.html.
(4) 160 Cybersecurity Statistics: Updated Report 2023 - Astra Security Blog. https://www.getastra.com/blog/security-audit/cyber-security-statistics/.
(5) Cybersecurity in 2022 – A Fresh Look at Some Very Alarming Stats - Forbes. https://www.forbes.com/sites/chuckbrooks/2022/01/21/cybersecurity-in-2022--a-fresh-look-at-some-very-alarming-stats/.
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