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10 Essential Cybersecurity Statistics for 2024

  1. Cyberattacks on the Rise: It’s estimated that a cyberattack occurs every 39 seconds globally, affecting one in three Americans each year.
  2. Cost of Data Breaches: The average cost of a data breach in 2023 is projected to exceed $4 million, a figure that has been steadily rising over the past few years.
  3. Ransomware Threats Escalate: In 2023, ransomware attacks are expected to claim a victim every 11 seconds, up from every 14 seconds in 2019.
  4. Phishing Attempts: Phishing attacks account for more than 80% of reported security incidents, making them one of the most prevalent forms of cyber threats.
  5. Small Business Vulnerabilities: Approximately 43% of cyberattacks specifically target small to medium-sized businesses, yet a significant portion of these businesses lack the proper cybersecurity defenses.
  6. Remote Work Risks: Since the onset of remote work due to the COVID-19 pandemic, the FBI reported a 300% increase in reported cybercrimes.
  7. Mobile Devices at Risk: Mobile devices are increasingly targeted by cybercriminals, with a 50% increase in mobile banking malware since the previous year.
  8. Internet of Things (IoT) Security: With the proliferation of IoT devices, attacks on IoT devices surged by 300% in 2023, highlighting the expanding attack surface for cybercriminals.
  9. Insufficient Preparedness: Only 38% of global organizations claim they are prepared to handle a complex cyberattack, indicating a significant gap in cybersecurity readiness.
  10. Cybersecurity Spending: Global spending on cybersecurity is expected to reach over $1 trillion cumulatively from 2021 to 2025, reflecting the growing recognition of its importance across industries.
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