(Source: embroker.com)
#24. Approximately 36% of data breaches are linked to phishing attacks
More than a third of data breaches are due to phishing, while 32% involve hacking, and 19% can be attributed to other types of malicious activities, like ransomware attacks.
#25. By June 2023, it is projected that around 4,800 websites will experience hacking incidents involving form jacking code each quarter.
Form jacking involves cybercriminals employing JavaScript code to hijack payment forms on websites. This practice, also referred to as digital card skimming, is commonly used to steal credit card information and other sensitive data.
#26. The detection period for 60% of data breaches can extend to weeks or even longer
Over half of organizations take several weeks to uncover a data breach.
#27.
Enterprise ransomware attacks are escalating quickly
Many companies are under great threat from ransomware attacks concerning their data security.
#28. In the underground market, the typical cost for a stolen payment card is under $5
A 2023 survey indicates that a British payment card typically costs between 1.5% and 3.5%.
#29. Merely 53% of organizations disclose information regarding data breaches and incident responses to authorities and industry peers
This indicates that numerous security incidents may go unreported.
#30. Records for Gmail accounts had an average value of $3,588.85 in 2023.
Globally, many individuals connect their other accounts to their Google accounts, demonstrating that access to Gmail can enable hackers to reset passwords for any associated accounts.
Causes and Methods to Prevent a Data Breach
#31. The occurrence of data breaches has been increasing in recent years
According to 2021 data breach statistics, over 68% of such incidents occurred within corporations.
#32. The majority of data breaches are attributed to stolen credentials
An IBM study revealed that compromised credentials accounted for 19% of data breaches, incurring an average cost of $4.50 million.
#33. The rise of remote work due to the COVID-19 pandemic increased the costs associated with data breaches
The average cost of data breaches surged by $1.07 million during the pandemic, primarily due to remote work leading to these incidents.
#34. Security artificial intelligence (AI) delivers the most significant cost-reducing impact
When deployed effectively, Security AI and automation can yield up to $1.8 million in cost savings compared to organizations lacking these tools.
#35. The transition to the Cloud influences the costs and containment strategies related to data breaches
Research by IBM indicates that companies that embraced a Cloud modernization approach were able to contain and recover from data breaches, on average, 77 days faster than those merely beginning this transition.
#36. Adopting a ‘Zero-trust’ framework is advantageous for cost reduction
Organizations with a mature ‘Zero-trust’ strategy can see a reduction in data breach costs by approximately $1.51 million.
#37. Social engineering attacks pose the greatest risk to public administration
A form of cybercrime, social engineering attacks involve deceiving targets through impersonation, with such attacks accounting for 69% of data breaches within the public sector.
#38. Almost two-thirds of organizations have over 1,000 sensitive files lacking protection
Recent statistics indicate that many sensitive files, such as those containing credit card and health information, are freely accessible. A study found that in 64% of financial institutions, each employee could access upwards of 1,000 sensitive records.
#39. Employees at large corporations can access nearly 20 million files
Individuals working in large organizations typically have access to about 20 million files.
Exposure by Company Size
Financial Service Company Size
Average # of Files
Average # of Files Open to Everyone
Average % of Files Open to Everyone
Large
134,368,022
20,427,920
15%
Medium
75,085,577
10,254,062
13%
Small
6,800,969
570,284
11%
Industry Average
74,309,255
10,774,940
13%
(Source: Varonis)
#40. Customer Personally Identifiable Information (Customer PII) is the most frequently targeted data
and expensive form of stolen records
In 2023, Customer PII represented 52% of data breaches, with an average cost of $183 per occurrence.
#41. Cyber attacks and data fraud rank among the top global risks
In terms of concerns for companies, cyber attacks and data fraud have been identified as the third most pressing risk.
(Source: WEC)
#42. The most vulnerable industry to data breaches in the first quarter of 2023 is the Healthcare sector.
Data breaches reported by April 2023 indicated that the healthcare industry and health sciences endured the highest incidence, comprising 30% of all breaches.
(Source: IT Governance)
#43. Over half of firms do not acknowledge data breach disclosures
While security researchers continuously monitor the internet for possible data breaches and notify relevant companies, more than 50% of firms fail to acknowledge a breach disclosure. Only 23% of companies reply within a day to such disclosures.
#44. Approximately 800,000 cyber-attacks successfully infiltrate business networks
A revealing study has shown that in 93% of cases, an external hacker is able to breach a corporate network successfully.
#45. In 2022, cyber attacks were the most prevalent form of security breach
According to a report from IT Governance, during the first quarter of 2022, cyber attacks were the most common type of data breach, accounting for 79,729,271 publicly disclosed events.
#46. Cyber attacks saw a 91% rise in 2023
Data breach statistics indicate that there was a 91% increase in cyber attack occurrences in 2023. These attacks included phishing attempts, command and control strategies, malicious file downloads, access to harmful websites, and the exploitation of vulnerabilities.
Conclusion
In our current digital age, the importance of data security and defense systems is undeniable for all industries and companies. Executives must continuously evaluate cybersecurity risks prior to making any comprehensive company changes.
A data breach can severely damage a company’s reputation and brand, in addition to resulting in significant financial losses. These statistics on data breaches underscore the necessity for organizations to consistently update their security measures to safeguard their operations.
to prevent a data breach.
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Sources
Thank you for taking the time to read this article titled: Some Critical Data Breach Statistics And Facts For People To Be Well Prepared To Fight Against Cybercrime
The data includes statistics from 2023 and 2024, with forecasts extending into 2025 and 2026. Additionally, we expand forecasts through 2027 and 2028.
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* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
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Post Title: Some Critical Data Breach Statistics And Facts For People To Be Well Prepared To Fight Against Cybercrime
Last Updated: September 12, 2024
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