As if we don’t have enough to worry about, cybercriminals have caused a stink in our digital lives, with very real consequences. From identity theft to fatal computer viruses just for the heck of it, cybercrime is an ever-present risk for our families and businesses. The dangers grow each day, faster than we’re prepared for. All because of some inconsiderate hackers with an internet connection.
To the rescue, in shining cyberarmor, are the global developers of security software. It’s an unprecedented tech space that came about out of necessity, and like the health care or insurance industries, is in the business of saving others.
It’s a real bummer about cybercrime that it’s forcing family-run businesses and enterprises alike to shell out big-time funds and always be on alert. But on the bright side, the resources pouring into the industry have allowed for fascinating developments. Cybersecurity trends in 2019 show the fast-moving evolution of cyberdefense to greet the rising demand. And business owners are becoming more proactive and honest about these threats, working together to fight the good fight.To help illustrate the dangers of cybercrime and reinforce the need for a proper defense, we’ve compiled some recent cybercrime statistics. Read on to get a better sense of cybercrime today and how your business might be affected so you can plan and/or respond accordingly.
General cybercrime statistics
The overall global cost of cybercrime has exceeded $600 billion. (CNBC, 2018)
23 percent of Americans say that they or someone in their household had their personal, credit card or financial information stolen by hackers in 2018. (Gallup, 2018)
16 percent of Americans say that they or someone in their household was a victim of identity theft in 2018. (Gallup, 2018)
Experiences with identity theft increased fourfold between 2017 and 2018. (Norton, 2018)
More than $15 billion was stolen in incidents related to identity theft in 2017. (Norton, 2018)
71 percent of Americans say they worry about cybercrime. (Gallup, 2018)
30 percent of U.S. consumers were affected by data breaches in 2018. (Gallup, 2018)
Individual victim losses due to internet crime were greater than $1.4 billion in 2017. (FBI, 2018)
The Internet Crimes Complaint Center (IC3) received more than 300,000 complaints related to cybercrime in 2017. (FBI, 2018)
The U.S. economy loses between $57 billion and $109 billion per year due to cybercrime. (Nextgov, 2018)
The U.S. government plans to spend $15 billion on cybersecurity-related activities in 2019. (Norton, 2018)
Cybercrime and business
30 percent of company cybersecurity incidents are performed by current employees within the organization. (PwC, 2018)
26 percent of company cybersecurity incidents are performed by former employees of the organization. (PwC, 2018)
23 percent of company cybersecurity incidents are performed by unknown hackers. (PwC, 2018)
29 percent of businesses report loss or damage of internal records as a result of a security incident. (PwC, 2018)
35 percent of businesses report that customer records were compromised at some point due to a security incident. (PwC, 2018)
30 percent of businesses report that employee records were compromised at some point due to a security incident. (PwC, 2018)
53 percent of cyberattacks on business systems resulted in damages of $500,000 or more. (Cisco, 2018)
The total volume of cyberevents among businesses increased nearly fourfold between January 2016 and October 2017. (Cisco, 2018)
Zangre is a Senior Research Specialist who helped with spearheading G2 Crowd’s expansion into B2B Services. He studied journalism at the University of North Florida — which is still undefeated in football — and joined G2 Crowd in 2016 when there was only one other “Andrew.” He has enjoyed contributing to newspapers and online publications while pursuing music and comedy projects in his free time.