{"id":51,"date":"2023-04-10T08:18:04","date_gmt":"2023-04-10T08:18:04","guid":{"rendered":"https:\/\/dataprot.net\/?p=51"},"modified":"2024-02-06T14:00:30","modified_gmt":"2024-02-06T14:00:30","slug":"cyber-security-statistics","status":"publish","type":"post","link":"https:\/\/dataprot.net\/statistics\/cyber-security-statistics\/","title":{"rendered":"Better Safe Than Sorry: Cyber Security Statistics and Trends for 2024"},"content":{"rendered":"\n
Cybersecurity is pretty much a \u201cmust have\u201d for internet users today. Think of it as an alarm or automatic lock system for your house. Just as you wouldn\u2019t leave your front door open for thieves, you also don\u2019t want to leave your computer open for hackers. Especially if you\u2019re running a business, as you definitely don\u2019t want any of your private data ending up on the dark web.<\/p>\n\n\n\n
So you\u2019ll need to invest in firewalls, install antivirus software, or even get cyber insurance. Here are the latest cyber security statistics to help you plan your defense against hackers.<\/p>\n\n\n\n
(Global Market Insights)<\/p>\n\n\n\n
In 2017, the global cybersecurity market was worth $120 billion, but its worth is growing quickly. It could easily double or even triple in the next five years due to an increased demand for security solutions and products.<\/p>\n\n\n\n
(Cybercrime Magazine)<\/p>\n\n\n\n
With annual growth of 12%, sales of cybersecurity products and services are expected to top $124 billion by the end of the year. Cybersecurity statistics for 2018 show similar growth compared to the year before. The growth is driven by the rise of cybercrime, so this industry is likely to have steady income in years to come.<\/p>\n\n\n\n
(Juniper Research)<\/p>\n\n\n\n
Cybersecurity isn\u2019t a big concern to many small companies. They usually choose consumer-grade security solutions and currently make up 13% of the cybersecurity market. Unfortunately, that also means that these types of companies end up on the receiving end of ransomware and other hacks. Small business, cyber security statistics reveal, is a very lucrative target.<\/p>\n\n\n\n
(Reuters)<\/p>\n\n\n\n
Confirming that cybercrime is the greatest challenge of the digital age, the Redmond, Washington-based company continues its fight against modern cyber security threats. Microsoft\u2019s investments in security don\u2019t include additional spending on acquisitions in the cybersecurity market.<\/p>\n\n\n\n
(JPMorgan Chase)<\/p>\n\n\n\n
On the other end of the cyber security job statistics spectrum, JPMorgan employs more than 3,000 people in its cybersecurity sector, working in different ways to protect the company from hackers. It has also increased its annual cybersecurity budget by $100 million.<\/p>\n\n\n\n
(whitehouse.gov)<\/p>\n\n\n\n
The president of the United States doesn\u2019t spare any expense when it comes to cybersecurity. Compared to 2018, the US government\u2019s cybersecurity budget has increased by $583.1 million, or 4.1%. The Department of Defense gets the biggest chunk, of course.<\/p>\n\n\n\n
(Insurance Information Institute)<\/p>\n\n\n\n
Even if firewalls and other cybersecurity measures somehow fail, a company can still recoup its losses with specialized insurance coverage. The latest cyber security statistics show that 68% of companies don\u2019t have any form of cyber liability. Another 25% say they plan on purchasing coverage in the next 12 months.<\/p>\n\n\n\n
(Allianz Global Corporate & Specialty)<\/p>\n\n\n\n
The growing need for cyber insurance could drive this market to head-spinning values very soon. Analysts predict that the $20 billion barrier will be shattered in just five years, with most of the growth led by companies based in the US.<\/p>\n\n\n\n
(CNBC)<\/p>\n\n\n\n
So called \u201cwhite hat\u201d hackers do not use their skills for nefarious purposes. Instead, they work as freelancers and help companies like Tesla strengthen their computer systems. Some companies even post public bounties that can earn a skillful hacker tens of thousands of dollars if they manage to find holes in the company\u2019s cybersecurity.<\/p>\n\n\n\n
(Cybercrime Magazine)<\/p>\n\n\n\n