Can you believe it? It’s already end of October! Shortly, you will have trick-or-treaters knocking on your front door. Children (and even adults) dressed in their creative costumes will fill the neighborhood with giggles, sweets, and surprises. Although Halloween is a festive event filled with traditional apple bobbing, gathering sweets, visiting haunted attractions, carving pumpkins, and frightening pranks, it is also a reminder of how frightful things can be.
Halloween reawakens my childhood nightmares from haunted house attractions to the cold sweat nights when I thought there was a monster hiding under the bed. I know, I know... I should have not stayed up late watching horror movies when I was only 8 years old. But we all know how mischievous little ones can be. With maturity came the realization that monsters are not hiding under the bed, but rather exists in an form of evil in the world.
A particular form that most businesses and even people fear are cyber attackers or hackers. As technology permitted much efficiency and convenience for personal and business use, the exploitation of such technology has risen in exponential rate. Cyber-attacks are at all time high and has no sign of slowing down. There are varying motives for the attacks from monetary to political gains, but all can agree the attacks are not going to slow down. I find it fitting to share some frightening and some eye-popping statistics that may hopefully wake you to take serious actions against predatory hackers and data leaks.
6 Billion internet users by 2022 (75 percent of the projected world population of 8 billion)
Last 2 years created more data than in the entire previous history of the human race.
50 Billion smart connected devices globally within next 5 years.
1 Billion people use Facebook in a single day.
6.1 Billion smartphones will be in use by 2020
$30 Billion is the value of Airbnb.
For perspective : Marriott ($20.90 billion) and Starwood ($14 billion)
1.3 trillion digital pictures taken in 2017
75% of all pictures are taken with smartphones
Grim Cyber Crimes by the Numbers
$3.62 Million cost of average data breach in 2017
62% of Data Theft Victims are SMB (Small and Medium-Size) Businesses
$38,000 Avg. Cost to Recover from Single Data Breach Incident (for Small Businesses)
72% of Business shut down after a major data breach within 2 years
$5 billion in Ransomware data/ loss 2017
$2 trillion cost of cyber-crime by 2019
Every 14 seconds a cyber-attack will occur against businesses by 2019.
93% of all Breaches take less than a minute
30% of phishing emails are opened that lead to direct attack
50% of enterprises was attacked by ransomware in 2016
75% of the Customers Will Not Stay With Company Impacted by Breach After Data Loss
80% of cyber-attacks are caused by weak or stolen passwords
1 in 131 emails contains malware.
2 Billion personal records compromised in U.S. in 2016 (significant spike expected for 2017 with recent Equifax breach)
Small Businesses Spooks
40% of Cyber-attacks target small businesses
69% of small businesses are unable to handle cyber-attacks
36% of businesses don’t have any type of data back up in place
44% still use only onsite legacy hard drive back up method
The aforementioned numbers are only partial and short list of statistic of how dependent every person and business has become on technology. But more harrowing is the lack of preparation we have against the sinister data predators who are after your business. Cyber-attacks and data breaches are becoming a common occurrence for all businesses. It’s time to take sober and serious assessment of your security infrastructure. If you have doubts, please take action sooner rather than later. Don’t wait until someone knocks on your door for Trick or Treat.