26 Cyber Security Statistics Everyone Should Know in 2024
Pierluigi Paganini
February 9, 2024
26 important cyber security statistics for 2024 that everyone should know cyber crime Percentage of impact of AI technologyHi.
Staying informed in today's digital age cyber security is more important than ever. As technology advances, so too does the threat posed by cybercriminals. Whether you're browsing the web, shopping online, or using social media, understanding the latest cybersecurity statistics is critical to protecting yourself and your data.
In this article, we discuss 26 important cybersecurity statistics for 2024 that everyone should know.from the rise cyber crime As you assess the impact of AI technologies, these insights can help you navigate your digital environment with confidence and awareness.
- Cybercrime soars: Cybercrime has surged 600% during the COVID-19 outbreak, demonstrating how threats are adapting to global changes.
- Phishing attacks: Phishing is the number one cyberattack, causing 90% of data breaches. Shockingly, 96% of these attacks are carried out via email.
- Ransomware attacks: A whopping 72.7% of organizations faced ransomware in 2023. The cost of these attacks could reach $265 billion annually by 2031.
- Cost of a data breach: The global average cost of a data breach in 2023 was $4.45 million, an increase of 15% over three years. The United States topped the list with $5.09 million per breach.
- Cyber insurance: U.S. cyber insurance premiums soared 50% in 2022 to $7.2 billion.
- Cyber skills gap: By 2025, there could be 3.5 million cybersecurity jobs, demonstrating a significant need for skilled professionals.
- Email threats: More than 75% of targeted attacks begin via email, and 94% of malware is delivered.
- Rising Cybercrime Costs: Cybercrime costs are expected to reach $10.5 trillion annually by 2025, increasing by 15% each year.
- Healthcare spending: From 2020 to 2025, the healthcare sector will spend $125 billion on cybersecurity to address vulnerabilities.
- Telecom Adoption: 80% of carriers now use AI-powered cybersecurity tools to protect their networks, and how AI is becoming more commonplace to keep complex systems secure. is shown.
- Executive opinion: Almost 70% of executives believe AI is essential to combating cyber threats, indicating growing trust in AI to strengthen online defenses .
- Market Growth: AI cyber security technology is projected to grow by 23.6% annually through 2027, demonstrating rapid advancements and investments in AI-based security.
- Privacy Compliance: By 2024, 40% of privacy tools will rely on AI, highlighting the growing role of AI in ensuring data privacy and regulatory compliance.
- Reduced risky behavior: Introducing AI into security policies has proven effective in promoting safer online habits, reducing risky user behavior by 68%.
- Impact of Generative AI: Generative AI will play a major role in cyber security, especially in areas such as email protection and combating social engineering attacks.
- Market size: The AI cybersecurity market was valued at approximately $17.4 billion in 2022 and is expected to grow to approximately $102.78 billion by 2032, with an annual growth rate of 19.43%.
- Mobile threats: Mobile devices are increasingly targeted by cybercriminals, with mobile malware attacks increasing by 54%.
- IoT vulnerabilities: With the proliferation of Internet of Things (IoT) devices, the number of IoT-related cyberattacks is expected to increase by 25% in 2024.
- Social engineering attacks: Social engineering attacks such as phishing and pre-texting remain a top concern, with 65% of organizations experiencing a phishing attempt and 47% falling victim to social engineering tactics.
- Zero-day vulnerabilities: Zero-day vulnerabilities, which are software flaws unknown to vendors, continue to be exploited by attackers, with an average of 20 zero-day vulnerabilities discovered each month.
- Cloud security concerns: As enterprises move more and more to the cloud, cloud security incidents are on the rise, with misconfigurations of cloud services accounting for 68% of reported incidents.
- Insider Threat: Insider threats pose a significant risk to organizations, with 64% of cybersecurity incidents involving insiders acting maliciously or carelessly.
- Supply chain attacks: Supply chain attacks, where attackers target vulnerabilities in third-party vendors and suppliers to gain access to targeted organizations, increased by 42% in 2023.
- Ransomware-as-a-Service (RaaS): Ransomware attacks have become more accessible to cybercriminals through RaaS platforms, allowing them to launch attacks without advanced technical skills. RaaS usage is expected to grow by 25% in 2024.
- Regulatory compliance challenges: Compliance with data protection regulations like GDPR and CPRA continues to be a challenge for organizations, with each non-compliance resulting in an average of $5.5 million in fines.
- Cybersecurity Spending: Global cybersecurity spending is projected to reach $172 billion in 2024, reflecting the increased priority placed on cybersecurity by businesses and governments around the world.
Recent security events
Recent cybersecurity events have highlighted the persistent and evolving nature of online threats. In addition to these, it's important to consider VPN Chrome extensions that can add an extra layer of security to your online activities, especially when using public Wi-Fi or accessing sensitive information.
The emergence of new threat actors and tactics, such as state-sponsored hacker groups and ransomware-as-a-service operations, highlights the need for proactive cybersecurity measures.
As cyber-attacks become increasingly sophisticated and prevalent, it is essential to stay informed and implement robust security measures to reduce risk and protect against potential threats. So without further ado, let's take a look at seven recent cybersecurity events.
- AnyDesk Cyberattack: AnyDesk, a remote desktop software provider, faced a cyberattack that compromised its systems. As a precaution, they have revoked all security certificates and passwords for her web portal.
- Targets of APT28: A state-sponsored group named APT28 uses NTLM relay attacks to attack diplomatic, energy, defense, transportation, and other organizations around the world.
- DirtyMoe malware in Ukraine: More than 2,000 computers in Ukraine were infected with DirtyMoe malware that can launch cryptojacking and DDoS attacks.
- Cloudflare Breach: Cloudflare disclosed a breach by a likely state actor who had access to some of its documents and some of its source code.
- US Sanctions Iranian Officials: The US government has sanctioned six Iranian officials in response to a cyber attack on an Israeli PLC vendor.
- Layoffs at security companies: Okta and Proofpoint announce layoffs affecting approximately 1,000 employees in the United States and Israel.
- Clorox Cyberattack Costs: Clorox revealed that cyberattacks have already cost the company more than $49 million and that it expects to spend even more in 2024.
conclusion
Our cyber security statistics highlight how important it is to protect yourself online. With cybercrime on the rise and attacks like phishing and ransomware becoming more common, we need to remain vigilant.
While leveraging technologies such as AI can help, there is also a shortage of skilled cyber security talent. Recent events such as the AnyDesk cyberattack and his DirtyMoe malware show that the threat is real and can affect anyone.
Staying safe requires staying informed, taking strong security measures, and exercising caution online. By taking these steps, you can protect yourself from cyber threats and keep your digital world safe.
About the author: Anas Baig
Passionate about working on disruptive products, Anas Baig currently works as a Product Manager at Securiti.ai, a Silicon Valley-based company. He holds a degree in Computer Science from Iqra University and specializes in Information Security and Data Privacy.
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Pierluigi Paganini
(Security related matters – hacking, cyber security)
