The following are the top facts and figures related to the cyber security industry over the previous year, demonstrating what’s to come in the following years. Here are the top five cyber security facts and figures.
The Impending $6 Trillion Cybersecurity Expense
The expense is expected to hit $6 trillion annually by 2021. Everything starts and closes with digital wrongdoings. Without it, there’s nothing to protect in the digital world. Cyber security experts and significant media channels have widely agreed on the expectation that digital wrongdoing harms will cost people around the world an estimated $6 trillion annually by 2021, up from $3 trillion in 2015. This speaks to the best exchange of monetary riches ever, dangers the motivators for development and speculation, and will be more productive than the worldwide exchange of all significant unlawful medications joined.
Surging Cybersecurity Spending: A Trillion-Dollar Trend
Cybersecurity spending is to surpass $1 trillion from 2017 to 2021. According to Gartner, the ever-rising tide of digital wrongdoing has pushed data security (a cyber security subsidiary) spending to more than $86.4 billion in 2017. That excludes the Internet of Things (IoT), modern IoT, mechanical control frameworks (ICS), car security, and other cyber security classifications. Worldwide spending on cyber security items and administrations is anticipated to surpass $1 trillion in more than five years, from 2017 to 2021.
The Cybersecurity Workforce Crisis: Addressing Unfilled Positions
Digital wrongdoing will dramatically multiply the number of unfilled cybersecurity employees, which is anticipated to reach 3.5 million by 2021. Each IT position is additionally a cybersecurity position now. Each IT employee and innovation specialist should be involved in securing and guarding applications, information, gadgets, frameworks, and individuals. The cyber security workforce deficiency is surprisingly more terrible than the employment numbers recommend. Therefore, cyber security unemployment rates have dropped to almost zero percent.
Expanding Vulnerabilities: The Growing Human Attack Surface
The human assault surface will reach around 6 billion individuals by 2022. As the world advances, people have pushed machines forward as the best focus for digital crooks. There were 3.8 billion web clients in 2017 (51% of the total 7 billion population), up from 2 billion in 2015. Cyber security experts predict that there will be 6 billion web clients by 2022 (75% of the anticipated population of 8 billion) — and over 7.5 billion web clients by 2030 (90% of the expected population of 8.5 million, six years old and more established). The programmers notice blood now, not silicon.
Ransomware Rampage: Escalating Global Threats
Worldwide ransomware harm costs are anticipated to surpass $5 billion. That is around $325 million more than 2015 — a 15X increment in two years and anticipated that would compound. Ransomware assaults on social insurance associations — the No. 1 digitally assaulted industry — will be fourfold by 2020. Cyber security experts expect ransomware harm expenses will ascend to $11.5 billion in 2019 and that a business will succumb to a ransomware assault at regular intervals at that point.
What does everything mean? In 2015, Ginni Rometty, IBM’s executive, President, and CEO, stated, “Digital wrongdoing is the best danger to each organization on the planet.“
Top 5 Cyber Security Statistics
- The damage costs of cybercrime are expected to reach an amount of almost $6 trillion on an annual basis by 2021.
- Cybersecurity spending is expected to exceed $1 trillion from 2017 to 2021.
- Unified jobs in the cybersecurity industry are expected to reach 1.5 million by 2019.
- Human attack surfaces are expected to reach 4 billion people by 2020.
- Up to 200 billion IoT devices will require/need online protection by 2020.
Conclusion
The cybersecurity landscape is rapidly evolving, driven by staggering figures and alarming trends. With cybercrime costs projected to skyrocket, surpassing $6 trillion annually by 2021, the urgency to fortify defenses has never been more critical. The challenge intensifies as spending on cybersecurity surpasses the trillion-dollar mark and the workforce struggles to keep pace with demand.
The expanding human attack surface and the escalating ransomware threat underscore the imperative for robust cybersecurity measures. Ginni Rometty’s warning that “digital crime is the greatest threat to every company in the world” rings more accurate than ever. In this dynamic environment, vigilance, innovation, and collaboration are paramount to safeguarding our digital future.
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