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Hackers and data miners continue to become more sophisticated, malicious and just plain greedy. Even the general public has become aware of security threats and incidents that splash across news headlines.
In other words, you don’t have to be an enterprise IT pro to understand the latest security risks. That’s the easy part.
The hard part is understanding who is at risk, why and when you might fall prey to an attack, how pervasive attacks are and what types of threats are most likely to occur. Also important is understanding the costs and consequences associated with attacks, technologies that prevent a cybersecurity attack, and the fallout once an attack or data breach has occurred. The following cybersecurity statistics should help you to understand the risks, ensure network security and — just in case — create an incident response plan.
Before diving into the specific types of cyberattacks, you need to understand how much data is involved. By 2025, humanity’s collective data will reach 175 zettabytes — the number 175 followed by 21 zeros. This data includes everything from streaming video and dating apps to healthcare databases. Securing all this data is vital.
The main goal for cybercriminals is to acquire information — name, passwords and financial records, for example — that is then sold on the dark web. As explained below, attacks can happen at any time and both individuals and organizations are victims:
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There are many types of security threats. Unlike a breach, a security incident doesn’t necessarily mean information has been compromised, only that the information was threatened. The biggest types of security threats are malware, ransomware, social engineering, phishing, credential theft and DDoS attacks.
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Cybercrime can affect a business for years after the initial attack occurs. The costs associated with cyberattacks — lawsuits, insurance rate hikes, criminal investigations and bad press — can put a company out of business quickly.
Plenty of security news broke in 2023. Hackers and cybercriminals ruthlessly attacked businesses and individuals alike. But cybercrimes aren’t the only news security experts should consider from 2023. Here’s a look at some of the major industry trends related to GenAI, incident response, attacks and testing:
The cybersecurity industry has an employee and skills shortage. But don’t lose heart, faithful security pros: Joseph Blankenship, a research director for security and risk at Forrester Research, suggested organizations look inward for current employees who might be well suited for security careers, and then recruit and train them for those new roles. There might be plenty of individuals out there — such as networking admins, developers, systems engineers and even security analysts — with the chops needed for the job.
The U.S. government is also working to improve the recruitment process. The Cybersecurity and Infrastructure Security Agency (CISA) is among the most active government agencies recruiting IT talent.
If the previous statistics have you lying awake in the middle of the night, here’s a statistic to help you sleep: According to Gartner’s 2024 worldwide IT forecast, global IT spending is set to grow by 8% to $5.1 trillion. Cybersecurity will be a healthy benefactor of the spending growth, with Gartner reporting that 80% of CIOs plan to increase cybersecurity budgets in 2024.
Sean Michael Kerner is an IT consultant, technology enthusiast and tinkerer. He has pulled Token Ring, configured NetWare and has been known to compile his own Linux kernel. He consults with industry and media organizations on technology issues.
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