Ransomware financial demands are often severe and significant. 1. (Panda Security) Alarming Cyber Security Statistics. 43% of cyber attacks target small businesses, this number has seen consistent growth over the last few years. Top cybersecurity facts, figures and statistics for 2020 From malware trends to budget shifts, we have the latest figures that quantify the state of the industry. 58% of all data breach victims are small businesses. By 2020, the number of passwords used by humans and machines worldwide is estimated to grow to 300 billion. 23. 11. ^ 14 Most Alarming Cyber Security Statistics in 2020 ^ Global Ransomware Damage Costs Predicted To Hit $11.5 Billion By 2019 ^ DDoS Attacks Can Cost Organizations $50,000 Per Attack ^ Why ransomware costs small businesses big money ^ 2020 Disaster Recovery Statistics That Will Shock Business Owners We’ve taken a look at some shocking cyber statistics that show that the average cost of a data breach is in the millions and that malicious attacks are on the rise, yet a whopping 73 percent of businesses are not ready to respond to a cyber attack. (SC Media) 43 percent of cyber attacks are aimed at small businesses. (Small Business Trends) 230,000 new malware samples are produced every day — and this is predicted to only keep growing. Nearly half of all small businesses suffered a cyber attack in 2018. In fact, hackers are more likely to focus on smaller victims. It takes half a year to detect a data breach. Cyberattacks cost businesses of all sizes about $200,000 on average, according to a recent report by Hiscox. These attacks are increasing not just in frequency, but in quality as well. Read the official report now. TechJury compiled a list of cyber security statistics to help visualize what is happening in the field as well as what to expect in 2020. Around 7 out of 10 businesses are not prepared to respond to a cyber attack. (Verizon) Large corporations aren’t the only ones at risk of a data breach. In 2020, 98% of point of sale data breaches in the accommodation and food services industry were financially motivated. Small Business Cyber Security Statistics . Forty-three percent are aimed at small businesses… Attacks in the United Kingdom also increased at a smaller but still significant rate, up from 55% to 65%. Small business cyber attack statistics show that 58% of these businesses become data breach victims. Ransomware Statistics show that hackers are focusing more steadily on large businesses who will often pay tens of thousands of dollars to receive their data back.. An IBM study suggested that over a quarter of all companies would pay more than $20,000 to hackers to retrieve data that had been … Statistics on Ransom Demands. Stay ahead of threats with the insights in the 2020 Data Breach Investigations Report (DBIR) from Verizon Enterprise Solutions. Smarter cyber attacks. Cyber attacks have ranged from local government to small business across the world since January. Small business owners do not believe their organizations are big enough to be a target of a cyber-attack. (Hiscox) Cyber security attacks are becoming the new norm, insurance provider Hiscox reports. 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