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Writer's pictureTimothy Goh

Cyber-Security - statistics to understand and drive action

The following Forbes article from March 2021 is titled "Alarming Cybersecurity Stats: What You Need To Know For 2021" and contains a rich collection of data/sources for those who are interested in delving into details.



Some key takeaways:

  • 78% lack confidence in their company’s cybersecurity posture, prompting 91% to increase 2021 budgets

  • On average, only 5% of companies’ folders are properly protected

  • Nearly 80% of senior IT and IT security leaders believe their organizations lack sufficient protection against cyberattacks despite increased IT security investments made in 2020 to deal with distributed IT and work-from-home challenges

  • Identity theft spikes amid pandemic

  • The average cost of a data breach is $3.86 million as of 2020

  • Phishing attacks account for more than 80% of reported security incidents

  • Ransomware, phishing will remain primary risks in 2021



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