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Latest and Must-Know Cybersecurity Statistics 2020

Cybersecurity Statistics 2020

According to cybersecurity statistics 2020 of Cybersecurity Ventures, cybercrime damage will reach $6 trillion annually in 2021. 

So, below, we will be listing the top cybersecurity statistics in 2020. Knowing these latest stats can help you see the overall security posture.

Cybersecurity Statistics 2020

  • According to Gartner, worldwide spending on cybersecurity will reach more than $133 billion in 2022.
  • Up to 68% of business leaders are at threat of increasing cybersecurity risks.
  • Also, according to RiskBased, data breach incidents exposed up t0 4.1 billion records. Not to mention that was only for the first half of 2019.
  • According to Verizon, 71% of data breaches were financially motivated. In the same report, it says that 25% of attacks were by espionage.
  • In addition, another report by Verizon states the types of attacks mostly in use by hackers. 

For example:

  • 52% of these breached are by hacking 
  • 28% of these incidents are via malware
  • 32% to 33% of these are by phishing and social engineering.

Cyberthreats by Industry

In 2019, the finance, public sectors, and healthcare industries were prime targets for cyberattacks. But of course, this does not excuse any other industry aside from them.

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In fact, in the same year, SMBs were also targeted by cyberattacks.

Consider the following statistics, for instance:

  • According to Verizon, up to 43% of breach victims are SMBs.
  • The Ponemon Institute also reports that in 2018, the banking industry costs the most cyberattacks of the year. That is, up to $18.3 million in a single year.
  • Another report by Verizon states the percentage of attacks according to industry. For instance:
    • Healthcare organizations- 15%
    • Financial sectors- 10%
    • Public sectors- 16%

Most Common Causes of Data Breach Incidents in 2019

  • Weak and stolen credentials
  • Back Doors & Application Vulnerabilities
  • Malware
  • Social engineering
  • Too many permissions
  • Insider threats
  • Improper configuration & user error

The data breach is the most common threat, and attack organizations did experience in 2019. As a result, it costs businesses their reputation, customers, and vendors at high risk.

Hence, knowing these most common causes can help you better guard your organization against these attacks.

Cybersecurity Best Practices 2020

Perhaps apply some of these cyberhealth tips, for example:

  • Use generated passwords instead. Or many also find using password managers useful. By doing so, you can have a strong mix of characters, numbers, and symbols for a password. So you can also better protect yourself from hackers.
  • Also, do not use the same password twice. As mentioned, a password manager can help you store passwords safely. So you don’t also have to remember every password because a password manager can keep it for you.
  • Always install software updates whenever available.
  • Practice email security habits. For instance, do not open unknown links or attachments. Even when the email is looking legitimate, it is still best to confirm it from the sender.
  • Employ cybersecurity awareness training for all employees. By doing so, you can avoid social engineering attacks. When employees know how to spot fake accounts and messages, they can better address security for the organization.
  • Apply user access policy.

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