5 Cybersecurity stats every business should know

Posted on Jun 30, 2017 :: Guest Insights
David Eichkorn
Posted by of Insight Publications

By David Eichkorn

Cybersecurity is an essential component of any company’s technological environment, especially as more businesses move over to the Cloud and other file-sharing programs. Although generally more secure than traditional IT infrastructures, cloud services are not impenetrable and have risks, and these five statistics emphasize why cybersecurity is the #1 IT priority of forward-thinking businesses.

$6 trillion: Annual cost of global cybercrime damages by 20211
The annual cost of cybercrime damages is expected to continue to increase in the next four years. Cybersecurity breaches are becoming more frequent and more expensive, and this trend is not expected to change.

64% of patient medical files were successfully targeted by cyber criminals in 20162
In addition to healthcare, the legal, financial, and education sectors have strict government and confidentiality regulations. No matter the industry, trends show that businesses do not have strong enough privacy settings and are not up to date on compliance. Because of rising cybersecurity risks, the number of companies outsourcing their IT needs to a managed services provider continues to increase. This is a simple and proven way to reduce these risks and minimize any potential losses, financial or otherwise.

4,000 ransomware attacks occurred per day in 20163
Ransomware is one of the fastest growing trends in malware, with thousands of attacks occurring daily. Be proactive rather than reactive by securing your data and technology networks.

140,000 hard drives crash each week in the United States4
The lack of a business continuity or disaster recovery plan can cost thousands of dollars to repair drives and recover data.

44% of businesses estimate they could lose $10,000 or more during just one hour of downtime5
Just one hour of operational downtime could mean more financial losses for a company than the costs of either drive recovery or damages from data loss.

 

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David Eichkorn
IT Services Manager
Gordon Flesch Company
David Eichkorn is the Managed IT Services Manager at Gordon Flesch Company. Throughout David’s 20-year career in IT support and management in both SMB and large enterprise environments, he has worked directly with upper-level management teams to implement technology needs for executives all over the world.

He can be reached at [email protected]

 

Sources:
1. cybersecurityventures.com/hackerpocalypse-cybercrime-report-2016/
2. blog.continuum.net/data-casualties-in-healthcare-cyber-attacks-chart
3. justice.gov/criminal-ccips/file/872771/download
4. bostoncomputing.net/consultation/databackup/statistics/
5. blog.continuum.net/why-bdr-is-the-answer-to-costly-downtime-chart