10 frightening facts about Cybersecurity in 2021 👻

Fact 1:  85% of breaches caused by humans

Humans are the weakest link.
A human error causes 85% of breaches in cybersecurity= email misdelivery, poor password hygiene, inadequate or deployed patching, poor access control.

Fact 2: +10% rise of data breach cost

The cost of data breach is increasing.
In 2021, the average total cost of a data breach increased by nearly 10% year over year, the most significant single-year cost increase in the last seven years. It now sits at $4.24 million.

Fact 3: The highest ransom paid is…$40 million

Ransomware can be really expensive.
One of the biggest insurance companies in the US, CNA Financial, paid $40M in ransom after being locked out of its network for two weeks in March.

Fact 4: Cyber crimes represent 1% of world GDP

Cybercrime is a fast-growing international industry.
Cybercrime costs the world economy more than $1 trillion, or just over 1 per cent of global GDP. This put global losses at close to $600 billion. The annual cost of cybercrime is projected to be $10.5 trillion by 2025. For instance, one of the leading hacker groups, DarkSide, reportedly accumulated $90M in Bitcoins in the total amount of ransoms from 47 Bitcoin wallets.

Fact 5: 7,27% fall in stock prices following a breach incident

Cyber attack impact stock market.
There’s an average fall of 7.27% in stock prices following a breach incident. Analysis of the closing share prices of 28 New York Stock Exchange-listed companies showed that these companies hit the lowest point nearly 14 market days after a breach incident. This also equates to -4.18% NASDAQ underperformance.

Fact 6: 66% of CISOs feel unprepared to cope with coming attacks

CISOs feels unprepared.
66% of CISOs feel they’re unprepared to cope with a cyberattack on top of experiencing a lack of understanding from other C-executives.

Fact 7: A cyber-attack occurs every 39 seconds

An ever growing number of attack.
Cybercrimes increased by nearly 300% last year following the COVID-19 outbreak and a cyber attck occurs every 39 seconds

Fact 8:  Ransomware occurence increase about 10% per year

Ransomware is growing and getting costlier.
attacks are on the rise! Their occurrence increased about 10% year on year. They cost an average of $4.62M, which is also increasing from last year.

Fact 9: 44% of cyber professionals feel the skill shortage is getting worse

Skill shortage and competition is increasing.
44% of surveyed professionals in cybersecurity feel like the skill shortage in their field is only getting worse. 95% of all the respondents haven’t noticed any improvement at all. 
About 33% of respondents in cybersecurity said their organization could be doing much more to address the cybersecurity skills shortage.

Fact 10 : 212 days to identify a breach on average 

Identifying a breach takes way too long.
Average time to identify and contain a breach in 2021 was 212 days, plus 75 days to contain them. That’s a total of 287 days, on average.
Of course, the longer you take to identify and contain the breach, the costlier it is. Thus, data breaches with a lifecycle superior to 200 days had an average cost of $4.87M, compared to $3.61M when under 200 days.