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CYBERSECURITY IN 2022 – A FRESH LOOK AT SOME VERY ALARMING STATS
Chuck Brooks
Contributor
Opinions expressed by Forbes Contributors are their own.
Global Thought Leader in Cybersecurity and Emerging Tech
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Last year I wrote two FORBES articles* that highlighted some of the more
significant cyber statistics associated with our expanding digital ecosystem.
In retrospect, 2021 was a very trying year for cybersecurity in so many areas.
There were high profile breaches such as Solar Winds, Colonial Pipeline and
dozens of others that had major economic and security related impact.
Ransomware came on with a vengeance targeting many small and medium businesses.
Perhaps most worrisome was how critical infrastructure and supply chains
security weaknesses were targeted and exploited by adversaries at higher rates
than in the past. Since it is only January, we are just starting to learn of
some of the statistics that certainly will trend in 2022. By reviewing the
topics below, we can learn what we need to fortify and bolster in terms of
cybersecurity throughout the coming year.
* Alarming Cybersecurity Stats: What You Need To Know For 2021
Alarming Cybersecurity Stats: What You Need To Know For 2021 (forbes.com)
* MORE Alarming Cybersecurity Stats For 2021 ! MORE Alarming Cybersecurity
Stats For 2021 ! (forbes.com)
CYBERSECURITY AND BUSINESS
Network of business concept.
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MORE FROMFORBES ADVISOR
BEST TRAVEL INSURANCE COMPANIES
By
Amy Danise
Editor
BEST COVID-19 TRAVEL INSURANCE PLANS
By
Amy Danise
Editor
The past two years has seen a rapid shift of work to remote and hybrid offices.
The statistics show that hackers welcomed that shift and took advantage of the
vulnerabilities and gaps in security by businesses.
Cyber risks top worldwide business concerns in 2022 Cyber risks top worldwide
business concerns in 2022 - Help Net Security
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“Cyber perils are the biggest concern for companies globally in 2022, according
to the Allianz Risk Barometer. The threat of ransomware attacks, data breaches
or major IT outages worries companies even more than business and supply chain
disruption, natural disasters or the COVID-19 pandemic, all of which have
heavily affected firms in the past year.
Cyber incidents tops the Allianz Risk Barometer for only the second time in the
survey’s history (44% of responses), Business interruption drops to a close
second (42%) and Natural catastrophes ranks third (25%), up from sixth in 2021.
Climate change climbs to its highest-ever ranking of sixth (17%, up from ninth),
while Pandemic outbreak drops to fourth (22%).y affected firms in the past year.
“
Cybercriminals can penetrate 93 percent of company networks Cybercriminals can
penetrate 93 percent of company networks (betanews.com)
“among the findings of a new study of pentesting projects from Positive
Technologies, conducted among financial organizations, fuel and energy
organizations, government bodies, industrial businesses, IT companies and other
sectors. In 93 percent of cases, an external attacker can breach an
organization's network perimeter and gain access to local network resources.”
Businesses Suffered 50% More Cyberattack Attempts per Week in 2021 Businesses
Suffered 50% More Cyberattack Attempts per Week in 2021 (darkreading.com)
The rise — partly due to Log4j — helped boost cyberattack attempts to an
all-time high in Q4 2021, new data shows. The education/research sector
sustained the most attacks in 2021, followed by government/military and
communications. Source: Check Point Software
thumbnail (2)
Checkpoint
Corporate Cyber Attacks Up 50% Last Year
Corporate Cyber Attacks Up 50% Last Year (cybersecurityintelligence.com)
2021 saw 50% more cyber attacks per week on corporate networks compared to 2020.
Most Targeted Sectors Worldwide by Hackers in 2021
· Education/Research sector up by 75%
· Cyber attacks on Healthcare sector up by 71%
· ISP/MSP up by 67%
· Communications +51%
· Government / Military sector up by 47%
CYBERSECURITY AND SMALL AND MEDIUM SIZED BUSINESSES
While many large businesses suffered breaches, small and medium businesses were
an easier target for hackers because of their lack of resources and security
expertise.
2022 Must-Know Cyber Attack Statistics and Trends 2021 Must-Know Cyber Attack
Statistics and Trends - Embroker
Cyber attacks on all businesses, but particularly small to medium sized
businesses, are becoming more frequent, targeted, and complex. According
to Accenture’s Cost of Cybercrime Study, 43% of cyber attacks are aimed at small
businesses, but only 14% are prepared to defend themselves.
Not only does a cyber attack disrupt normal operations, but it may cause damage
to important IT assets and infrastructure that can be impossible to recover from
without the budget or resources to do so.
Small businesses struggling to defend themselves because of this. According to
Ponemon Institute’s State of Cybersecurity Report, small to medium sized
business around the globe report recent experiences with cyber attacks:
* Insufficient security measures: 45% say that their processes are ineffective
at mitigating attacks.
* Frequency of attacks: 66% have experienced a cyber attack in the past 12
months.
* Background of attacks: 69% say that cyber attacks are becoming more
targeted.
The most common types of attacks on small businesses include:
* Phishing/Social Engineering: 57%
* Compromised/Stolen Devices: 33%
* Credential Theft: 30%
10 Small Business Cyber Security Statistics That You Should Know – And How To
Improve Them 10 Small Business Cyber Security Statistics That You Should Know –
And How To Improve Them - Cybersecurity Magazine (cybersecurity-magazine.com)
“Keeping up with the latest cyber-attack statistics is pertinent for
understanding the state of cyber threats, commonly leveraged vulnerabilities,
implications of successful cyber attacks, and effective strategies for
mitigating prevalent threats.
1. 43% of all data breaches involve small and medium-sized businesses.
2. If you’re still in denial about the chances of your small business becoming
a victim, 61% of all SMBs have reported at least one cyber attack during
the previous year.
3. A benchmark study by CISCO found that 40% of the small businesses that
faced a severe cyber attack experienced at least eight hours of downtime.
And this downtime accounts for a major portion of the overall cost of a
security breach.
4. The above-mentioned CISCO study also found that ransomware was not among
the top three cyber threats identified by small businesses. Business owners
may be underestimating the threat of ransomware, however, MSPs are
not. 85% of MSPs consider ransomware one of the biggest threats to their
SMB clients.
5. 30% of small businesses consider phishing attacks to be the biggest cyber
threat.
6. 83% of small and medium-sized businesses are not financially prepared to
recover from a cyber attack.
7. Despite the staggering numbers, 91% of small businesses haven’t purchased
cyber liability insurance. This truly reflects how unaware and unprepared
small business owners are to deal with security breaches.
8. Only 14% of small businesses consider their cyber attack and risk
mitigation ability as highly effective.
9. 43% SMBs do not have any cybersecurity plan in place.
10. One in five small companies does not use endpoint security, and 52% SMBs do
not have any IT security experts in-house.”
CYBERSECURITY AND HEALTHCARE:
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Most hospitals and healthcare facilities have traditionally focused their
budgets on acquiring new medical technologies and improving patient care.
Covid19 put a huge burden on budgets and hackers have exploited cyber
vulnerabilities, especially via ransomware.
Healthcare Cybersecurity Report 2021-2022 Healthcare Cybersecurity Report
2021-2022 (herjavecgroup.com)
“70% of recently surveyed organizations reported that healthcare ransomware
attacks have resulted in longer lengths of stays in hospital and delays in
procedures and tests that have resulted in poor outcomes including an increase
in patient mortality.”
Half of internet-connected devices in hospitals are vulnerable to hacks, report
finds Half of internet-connected devices in hospitals are vulnerable to hacks,
report finds - The Verge
“Over half of internet-connected devices used in hospitals have a vulnerability
that could put patient safety, confidential data, or the usability of a device
at risk, according to a new report from the healthcare cybersecurity company
Cynerio.
The report analyzed data from over 10 million devices at over 300 hospitals and
health care facilities globally, which the company collected through connectors
attached to the devices as part of its security platform.”
CYBERSECURITY AND IOT DEVICES:
With everything and anything connected, hackers can take advantage of many
attack vectors and weak device passwords. The threat is growing as IoT expands.
Top 10 cyber security threats in 2021 List secondary lists page
(cybermagazine.com)
According to Symantec, IoT devices experience an average 5,200 attacks per
month. The fact that a majority of new IoT devices are still in their infancy
means there is a much larger attack surface for cybercriminals to target the
vulnerabilities associated with them.
For a deep dive on the IoT Cybersecurity conundrum, Please see my slide below
and FORBES article: Cybersecurity Threats: The Daunting Challenge of Securing
the Internet Of Things: Cybersecurity Threats: The Daunting Challenge Of
Securing The Internet Of Things (forbes.com)
IoT Cyber Vulnerabilities
Chuck Brooks
RANSOMWARE:
Although ransomware has been around for decades, in 2021 it became a preferred
cyber-weapon of choice for hackers. Being able to exfiltrate and hold hostage
data for payment of cryptocurrencies has made the deployment of ransomware a
growing trend.
Ransomware Statistics, Trends and Facts for 2022 and Beyond Ransomware
Statistics, Trends and Facts for 2022 and Beyond (cloudwards.net)
5 Key Ransomware Statistics:
1. Ransomware cost the world $20 billion in 2021. That number is expected to
rise to $265 billion by 2031.
2. In 2021, 37 percent of all businesses and organizations were hit by
ransomware.
3. Recovering from a ransomware attack cost businesses $1.85 million on average
in 2021.
4. Out of all ransomware victims, 32 percent pay the ransom, but they only get
65 percent of their data back.
5. Only 57 percent of businesses are successful in recovering their data using
a backup.
Ransomware by the Numbers
Cloudwards
Please also see my recent FORBES article:
Ransomware on a Rampage; a New Wake-Up Call Ransomware on a Rampage; a New
Wake-Up Call (forbes.com)
“The sobering reality is that ransomware is on a rampage. Ransomware will
continue to be a destructive threat because there are so many available soft
targets. We live in an increasingly hyper-connected world that impacts all
aspects of our lives. From now and onward, managing and protecting data will be
a security imperative for every industry and organization.
Awareness and understanding the ransomware threat can help address many of the
cybersecurity challenges. Emerging cybersecurity technologies, mitigation tools,
and protocols can help limit the exploding trend of ransomware attacks. Taking
pro-active measures to protect systems, networks, and devices, and be more
resilient, need to be part of a new wake-up call.”
COMPENDIUMS ON CYBERSECURITY STATISTICS:
global communication network concept
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If you seek a more comprehensive overview of cybersecurity stats, please check
out these compendium articles. They cover many policy, operational, and industry
specific elements of the cybersecurity ecosystem.
* 2022 Cybersecurity Almanac: 100 Facts, Figures, Predictions And Statistics
2022 Cybersecurity Almanac: 100 Facts, Figures, Predictions And Statistics
(cybersecurityventures.com)t is estimated that an organization suffered a
ransomware attack every 11 seconds in 2021, according to Cybersecurity
Ventures, and it is expected there will be a new attack on a consumer or
business every two seconds by 2031.
CRYPTOCRIME
* Cryptocrime, or crimes having to do with cryptocurrencies, are predicted to
exceed $30 billion in 2025, up from an estimated $17.5 billion in 2021,
according to Cybersecurity Ventures.
CYBERSECURITY SPENDING
* The imperative to protect increasingly digitized businesses, Internet of
Things (IoT) devices, and consumers from cybercrime will propel global
spending on cybersecurity products and services to $1.75 trillion
cumulatively for the five-year period from 2021 to 2025, according to
Cybersecurity Ventures, up from $1 trillion cumulatively from 2017 to 2021.
VENTURE CAPITAL
* Cybersecurity Ventures tracked more than $23 billion in venture capital
devoted to cybersecurity companies in 2021.
Cybersecurity Ventures Infographic:
Cybersecurity-Almanac-2022-Infographic-1536x1151
Cybersecurity Ventures
All the Cybersecurity Statistics, Figures and Facts You Need to Know in 2022
All the Cybersecurity Statistics, Figures and Facts You Need to Know in 2022 |
Cybersecurity | CompTIA
“State Sponsored Threats: According to Microsoft, nearly 80% of nation-state
attackers targeted government agencies, thinks tanks and other non-government
organizations.
The United States remains the most highly targeted country with 46% of global
cyberattacks being directed towards Americans
Cost of Cybercrime rising: The cost of cyber crime has risen 10% in the past
year.
Cybersecurity Workforce: it’s estimated that there will be 3.5 million unfilled
cybersecurity jobs by the end of 2025.
The pandemic presented lots of new cybersecurity issues and companies are
working diligently to ensure they are prepared for anything that comes their way
in the future. Expect to see the following.
· Enhanced software supply chain security.
· Ransomware will become more of a problem for businesses.
· Companies are transitioning to a zero trust framework for
cybersecurity.
· Increased scrutiny on the cybersecurity measures of third-party
providers.
· Rise in cyber insurance to offer further protection for businesses.”
22 Cyberstatistics to Know for 2022 22 cybersecurity statistics to know for 2022
| WeLiveSecurity
Phishing Attacks: Phishing attacks were connected to 36% of breaches, an
increase of 11%, which in part could be attributed to the COVID-19 pandemic. As
might have been expected, threat actors have been observed tweaking their
phishing campaigns based on what’s making the news at any moment in time.
(Verizon 2021 Data Breach Investigations Report)
Cost of Data Breach: 2021 saw the highest average cost of a data breach in 17
years, with the cost rising from US$3.86 million to US$4.24 million on an annual
basis. (IBM Cost of a Data Breach Report 2021)
Ransomware Payouts: Cryptocurrency has been the preferred payment method for
cybercriminals for a while now, especially when it comes to ransomware. As much
as US$5.2 billion worth of outgoing Bitcoin transactions may be tied to
ransomware payouts involving the top 10 most common ransomware variants. (FinCEN
Report on Ransomware Trends in Bank Secrecy Act Data)
DDoS Attacks: The number of distributed denial-of-service (DDoS) attacks has
also been on the upward trend, in part due to the COVID-19 pandemic. 2020 saw
more than 10 million attacks occur, 1.6 million attacks more than the previous
year. (ENISA Threat Landscape 2021)
CYBERSECURITY STATISTICS FOR 2022 (INFOGRAPHIC)
CYBERSECURITY STATISTICS FOR 2022 (INFOGRAPHIC) (JUDGE.COM)
Cybersecurity Stats 2022
Judge.com
Cybersecurity In The Year Ahead
Futuristic city VR wire frame with group of people. This is entirely 3D
generated image.
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The Top 22 Security Predictions for 2022 The Top 22 Security Predictions for
2022 (govtech.com)
Dan Lohrmann is one of the world’s most knowledgeable and prolific cybersecurity
experts. His article on predications for 2022
“What will the New Year bring in cyber space? Here’s your annual roundup of the
top security industry forecasts, trends and cybersecurity prediction reports for
calendar year 2022.
Last December in “The Top 21 Security Predictions For 2021,” I noted the
following summary of expected trends for 2021:
* There will be huge security impacts in the coming year from the move to work
from home (WFH) fueled by COVID-19. More attacks will occur on home computers
and networks, with bad actors even using home offices as criminal hubs by
taking advantage of unpatched systems and architecture weaknesses.
* The rush to cloud-everything will cause many security holes, challenges,
misconfigurations and outages.
* More growth in the security industry. Our numbers of new products and new
mergers and acquisitions will cause network complexity issues and integration
problems and overwhelm cyber teams.
* Privacy will be a mess, with user revolts, new laws, confusion and
self-regulation failing.
* Identity and multi-factor authentication (MFA) will take center stage as
passwords (finally) start to go away in a tipping-point year.
* Tons of high-profile IoT hacks, some of which will make headline news.
* Ransomware will get worse and worse — with new twists, data stealing prior to
encryption, malware packaging with other threats and very specific targeting
of organizations.
* Lots of 5G vulnerabilities will become headline news as the technology grows.
* Advanced Persistent Threats (APT) attacks will be widely available from
criminal networks. The dark web will allow criminals to buy access into more
sensitive corporate networks.
New focuses this year cover:
* Cyber threats in space.
* A heavy emphasis on operational technology (OT) cybersecurity —
vulnerabilities, threats and impacts.
* A strong emphasis on cryptocurrencies and crypto wallet security attacks. As
Bitcoin and other cryptocurrencies rose in 2021, now the bad actors want your
bitcoins even more.
* More application security vulnerabilities — especially when code is widely
used, such as the Log4j vulnerabilities.
* Issues created by a lack of talent and vacancies in public- and
private-sector organizations — as the talent war gets worse.
* Renewed emphasis (but in new ways) on AI, autonomous vehicles, drones and
other new technologies being hacked.
* Note that security industry vendor acquisitions have changed many of the
familiar names, such as the activities with FireEye, McAfee Enterprise and
Mandiant.
Industry expert Chuck Brooks also offered these security predictions for the new
year on the AT&T website. Here are two:
* More automation and visibility tools will be deployed for expanding
protection of remote employee offices, and for alleviating workforce
shortages. The automation tools are being bolstered in capabilities by
artificial intelligence and machine learning algorithms.
* Cybersecurity will see increased operational budgets because of more
sophisticated threats and consequences of breaches (and especially
ransomware) to the bottom line. Cybersecurity becomes more of a C-Suite issue
with every passing year as breaches can be disruptive and devastating for
business.”
Conclusion:
Road to success concept and sustainable development idea
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I only touched a tiny bit of the topics and issues relating to cybersecurity
stats and predictions. Please see my analysis on protecting critical
infrastructure and supply chains as we move forward in 2022. It is a large and
important challenge! I will revisit new stats later in the year ad
cybersecurity is never static.
GovCon Expert Chuck Brooks Highlights Importance of Protecting Critical
Infrastructure; Supply Chains in 2022
GovCon Expert Chuck Brooks Highlights Importance of Protecting Critical
Infrastructure; Supply Chains in 2022 (executivegov.com)
by William McCormick
GovCon Expert Chuck Brooks, a highly esteemed cybersecurity leader, recently
published his latest feature in the January issue of the CISO MAG detailing the
importance for federal executives to focus on protecting the critical
infrastructure supply chain in IT and OT systems.
“Protecting critical infrastructure Industrial Control Systems, Operational
Technology, and IT systems from cybersecurity threats is a difficult endeavor,”
said Chuck Brooks. “They all have unique operational frameworks, access points,
and a variety of legacy systems and emerging technologies. Protecting the
critical infrastructure supply chain in IT and OT systems will be a public and
private sector priority.”
In addition, GovCon Expert Chuck Brooks discussed the potential cybersecurity
workforce shortage that could exist in 2022. It was reported by Cybersecurity
Ventures that roughly 3.5 million jobs in cybersecurity were left unfilled in
2021, which could pose significant operational challenges in the federal sector
moving forward.
Brooks mentioned the Internet of Things (IoT) as an area to watch for growing
cybersecurity risks. In particular, Brooks highlighted the challenge that IoT
poses from having a lack of visibility and the ability to determine if a device
has been compromised and not performing as intended.
“The increased integration of endpoints combined with a rapidly growing and
poorly controlled attack surface poses a significant threat to the Internet of
Things,” Brooks explained. “Protecting such an enormous attack surface is no
easy task, especially when there are so many varying types and security
standards on the devices. It will only worsen in 2022 as connectivity grows.”
You can read the full article from GovCon Expert Chuck Brooks on CISO MAG.
AUTHOR’S BIO:
Chuck Brooks, President of Brooks Consulting International, and Adjunct Faculty
at Georgetown University. He is a Technology Evangelist, Corporate Executive,
Speaker, Writer, Government Relations, and Marketing Executive. LinkedIn named
Chuck as one of “The Top 5 Tech People to Follow on LinkedIn.” He was named as
one of the world’s “10 Best Cyber Security and Technology Experts” by Best
Rated, as a “Top 50 Global Influencer in Risk, Compliance,” by Thomson Reuters,
“Best of The Word in Security” by CISO Platform, and by IFSEC as the “#2 Global
Cybersecurity Influencer.” He was featured in the 2020 and 2021 Onalytica “Who’s
Who in Cybersecurity” – as one of the top Influencers for cybersecurity issues
and in Risk management. He was also named “Best in The World in Security” by
CISO Platform, one of the “Top 5 Executives to Follow on Cybersecurity” by
Executive Mosaic, and as a “Top Leader in Cybersecurity and Emerging
Technologies” by Thinkers360. Chuck was named by Oncon in 2019 “Top Global Top
50 Marketer” by his peers across industry.
Chuck also a Cybersecurity Expert for “The Network” at the Washington Post,
Visiting Editor at Homeland Security Today, Expert for Executive Mosaic/GovCon,
the Advisory Board of CISO MAG, and a Contributor to FORBES. He has a BA from
DePauw University, and MA from the University of Chicago, and studied at the
Hague Academy of International Law
Follow me on Twitter or LinkedIn. Check out my website.
Chuck Brooks
Chuck Brooks, President of Brooks Consulting International, is a globally
recognized thought leader and subject matter expert Cybersecurity and Emerging
Technologies.
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