Covid-19 may have been rightly hogging the global headlines so far in 2020, but while global lockdown may have been good news for online retailers and those able to work from home, that invariably means it has also been a lucrative period for cyber criminals.
More online transactions mean more opportunities to hack credit card data, and people working remotely has opened up new ways for criminals to target both individuals and organizations – including healthcare companies battling to contain the virus and save lives.
With the world facing a global recession and millions losing their jobs, these are desperate times that call for serious measures to tackle cybercrime.
Here are just some of the shocking cybersecurity stats for 2020.
Coronavirus cyberattack stats
- Coronavirus blamed for 238% rise in attacks on banks
- 80% of firms have seen an increase in cyberattacks
- 27% of attacks target banks or healthcare
- Cloud based attacks rose 630% between January and April 2020
- Phishing attempts rose 600% since end of February
- Apple accounted for 10% of branded phishing attempts in Q1 2020
- Ransomware attacks rose 148% in March
- 394,000 unique IP addresses attacked UK firms in Q1
- Attacks targeting home workers rose five-fold in six weeks since lockdown
- Attacks were up 30% in Q1 2020 on UK businesses
- 5% of coronavirus-related domains deemed suspicious
- Visits to hacker websites and forums rose 66% in March
- Average ransomware payment rose 33% to $111,605, compared to Q4 2019
- EventBot, identified in March, has targeted 200 banking and money transfer apps
Cybersecurity data for 2020
- 85% of people posting puppy photos are trying to scam you
- 43% of data breaches are cloud based web applications
- 67% of data breaches resulted from credential theft, human error or social attacks.
- Fewer than 1 in 20 breaches exploit weaknesses
- 70% of breaches are caused by external actors
- Organized crime gangs account for 55% of attacks
- 37% of credential theft breaches used stolen or weak credentials
- 25% involved phishing
- Human error accounts for 22%
- Ransomware is found in 27% of malware incidents – up from 24% in 2019
- 18% of organizations reported a ransomware attack
- 41% of customers would stop buying from a business victim of a ransomware attack
- 9 million EasyJet customers had their data hacked
- Hacker leaks 40 million user records from Wishbone app
- There is a cyberattack every 39 seconds
- 75% of cyberattacks start with an email
- 21% of online users are victims of hacking
- 11% of online users have been victims of data theft
- 72% of breaches target large firms
- 10% of organizations receive cryptocurrency mining malware
- 80% of hacking breaches involve brute force or stolen credentials
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Safeguard Your Cyber Data With Strict Security
Microsoft’s 2020 security revenue was estimated at $5 billion, which just goes to show that more and more people are now aware of the importance of investing in security software programs to protect their personal and financial information.
There are several reasons why cybersecurity has become increasingly necessary in our modern world. If you fail to protect your network, you’re putting yourself at risk of being hacked, which can cause serious consequences, including the following:
- Hackers can compromise your security. This way, they can gain access to your system by tricking you into clicking on an email attachment. In many cases, a phishing email looks just like a legitimate email and may actually appear as though it’s coming from your company.
- If the message is not attached properly to the email, it’ll open a pop-up window, which
will take you to another website that may be a scam.
- Hackers might even attempt to hack into your passwords on your business network,
which would allow them to access other accounts that you have, potentially taking out a
large amount of money.
- Viruses, worms, Trojans, and other malware can be very difficult to remove from your
networks, especially if you don’t have the proper knowledge and software tools on hand
to do so. Before anything happens to your cyber data, you have to take precautionary measures. So, what do you need to do in order to keep your data protected? Installing security programs would help you and your business. Cybersecurity features typically include SSL encryption, firewalls, and antivirus programs. For business owners, they need to choose a business system with reliable data backup. It means that if a server is destroyed, the company can restore all of the data that was on it. Business owners can also choose to invest in hiring cyber security to keep their data and customer’s data safe. Title loans can be an excellent way to pay for additional cyber security when you are low on funds.