28 Data Breach Statistics That Will Inspire You (To Protect Yourself)
Melissa Stevens | June 14, 2016
The importance—and urgency—of cybersecurity measures have become increasingly visible in recent years. Yearly industry reports from the likes of Verizon, Trustwave, and PwC all express the importance of cybersecurity measures and the costly consequences of cyberattacks. No company wants to become another data breach statistic—but some decision-makers still may not understand the urgency of cybersecurity protection.
That’s why we’ve put together this list of data breach statistics. If you’re struggling to get more budget and funding for your cybersecurity initiatives, you have to be able to convey statistics appropriately. The following eye-opening stats can be used as powerful tools to help you convey the importance of security to your senior executives and board members.
"Impact from trade secret theft ranges from 1% to as much as 3% of a nation’s GDP – using the World Bank’s GDP estimate of $74.9 trillion in 2003, loss of trade secrets may range from $749 billion to as high as $2.2 trillion annually."
“The cyber insurance market—mainly a U.S. market—has grown from $1 billion to $2.5 billion over the past two years, and it is expected to grow dramatically and expand globally over the next five years.”
Acknowledging that cybersecurity is a major problem (and finding these statistics shocking) is one thing—but understanding what you can do in response is another. So if you’re wondering what you’re supposed to do with this information, you’re in the right place.
Your best bet is to make sure you understand how these metrics relate to your own security performance, and whether you are on the right side of these statistics. For instance, the 2015 Global Cybersecurity Status Report from ISACA states that only “38% of global organizations feel prepared for a sophisticated cyberattack.” Unless you want to be categorized in the 62% that don’t feel prepared for cyberattacks (or aren’t sure if they’re prepared), the best thing you can do is to start monitoring your performance (and your entire business ecosystem’s) and create a benchmark to track changes in your security posture. Creating a performance metric around cyber risk that is specific to your organization will help you protect yourself from being just another number.
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