5 Important Stats From A Toronto Cyber Security Consultant

Experts are saying cyber security could cause more problems than nuclear weapons. Leaders will think twice before sending nukes into other countries, but shutting off communication or transportation is much more likely.

It’s why a Toronto cyber security consultant could be just what your company needs. Let’s look at some massive stats that will convince you. Everyone will need to keep their head on a swivel in the coming years.

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   Phishing Is Very Popular

Hundreds of thousands of people fall victim to phishing yearly, which is one of the biggest threats to businesses. It’s good that phishing is so popular because it’s not as dangerous as other cyber security scams you’ll eventually face.

It’s called social engineering because criminals need to trick you into giving them information. These kinds of scams can bring in tens of millions per year, plus they’ll originate in countries where you can’t get them.

2. The Tech Industry Is Bad

2020 and 2021 cybercrime statistics tell us technology companies are the biggest targets. Roughly 70% of cyber attacks target massive tech businesses. Fewer criminals are targeting the banking industry when working online.

Most of the attacks are committed by people impersonating someone else, which convinces over 75% of businesses to hand over information. We’ll need to be careful in the future because attacks are becoming more complicated to fight.

3. Companies Paying Ransoms

Ransomware attacks are almost as popular as phishing attacks, but it’s harder to fight something you don’t have any control over. Your only choice is to hire a Toronto cyber security consultant to keep you away from trouble.

Over 30% of companies pay their attackers a ransom because it’s the only way to become operational again. Companies complain to the Internet Crime Complaint Center, but it doesn’t seem like it’s doing anything useful to help.

4. Americans Are Big Targets

Everyone assumes individual Americans are the richest people in the world, which is probably why almost everyone targets them during cyber attacks. Over 50% of targets worldwide live somewhere in the United States.

Almost 85% of attacks happen in ten countries across the planet, and you can probably guess which ones. It doesn’t show any chance of slowing down, but at least most victims only get targeted after a silly human error.

5. Data Breaches Cost Millions

You’ll need a Toronto cyber security consultant to help with data breaches. Falling victim to one could destroy your company. The average data breach used to cost companies roughly 3.8 million dollars a couple of years ago.

It’s sitting at almost 4.3 million dollars right now, so it’s slowly getting worse. Can you afford to lose that much money after an attack? Breaches affect customers too, so it’s not just companies and their reputations that suffer.

It Will Eventually Get Better

Hackers are some of the brightest engineers on earth, but cyber security will eventually get much better. We may have artificial intelligence looking after our information, so it will be easier to protect ourselves.