Executech: Cybersecurity
Category: Other
Updated: 23 Oct 2017
How Cybercrime Has, Is and Will Affect Us
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Created byArash Bakhshandehpour
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Average organizational cost of data breach was $5.4 millionAverage organizational cost of data breach was $6.2 millionProjected $2 trillion in damage costsProjected $6 trillion in damage costsDamage costs from ransomware up to $325 millionGlobal ransomware costs exceed $5 billion51% of U.S. adults suffered a security incident in 201648% of data breach response cases involved electronic hacks in 2014Worldwide spending on cybersecurity will increase to $170 billionGlobal cybersecurity spending will reach $198 billionPeriods
Damage costs are projected to reach $1 trillion by 2018 and exceed it by 2019Annual number of data breaches went from 157 million (2005) to 1.09 billion ( 2016)1,093 reported data breaches in the U.S. in 2016781 reported data breaches in the U.S. in 2015Cost of data breaches increased by 23% from 2013 - 2015From 2008 to 2017, phishing and malware have been the top means of cyber attacksThere were 38% more security incidents detected in 2015 than in 2014
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