As you prepare to enjoy a pleasant Thanksgiving holiday with family and friends, we ask you to take a moment to show your appreciation for an impressive number of positive cybersecurity statistics and trends. With the constant drum of depressing news concerning cybersecurity, it is important to realize that there are some positive developments that your small business can be thankful for during this holiday season.
Positive Cybersecurity Statistics and Trends
The following positive cybersecurity information was provided by these sources: BeyondTrust, AAG, PWC, NetDNA, Banking Exchange, EdTech Magazine, DataProt, ShareFile, ThoughtLab, National University, IBM, Tech Juries, ISC2, Statista, Cyber Seek, and Cybersecurity Ventures.
Encouraging Cybersecurity Trends
-Cybersecurity experts note that organizations are relying more on continuous monitoring systems to identify and address vulnerabilities rapidly. AI-powered threat detection is enabling companies to move from reactive to proactive cybersecurity strategies, which dramatically reduces the time window for attackers and mitigates the impact of successful data breaches.
-Security experts have determined that the positive aspects of AI are more than helping combat the increased cybersecurity risk brought about by AI. This technology’s ability to increase the frequency and effectiveness of advanced and targeted attacks has been considerably less than initially feared.
-International cooperation continues to improve with the common goal of addressing the problem of organized cybercriminal networks. Countries are increasingly establishing unified frameworks to address cross-border risks. Nations are focusing their efforts on improved data-sharing agreements and joint security initiatives to deal with international cybercriminals more effectively.
-Public private partnerships and cross-sector collaborative efforts to fight against cybercrime are becoming more common and productive. Government and private entities are increasingly sharing threat intelligence and best practices to develop more effective cybersecurity strategies, tactics, and tools.
Enhanced Cybersecurity Investment
-Spending in the US cybersecurity industry is expected to increase by 8% this year to nearly $90 billion.
-Global spending on cybersecurity products and services is expected to cumulatively reach $1.75 trillion from 2021 to 2025.
-93% of organizations plan to increase their cybersecurity budget this year.
-42% of organizations said their cybersecurity budgets were appropriately funded this year, the highest number in 8 years.
-66% of companies say compliance mandates are driving their budgets.
-The number of companies investing $10 million or more in AI tools to improve cybersecurity will double this year.
-1 in 3 companies has purchased cyber insurance.
Better Cybersecurity Tools and Protocols
-61% of educational organizations report being somewhat or very prepared to respond to a cybersecurity incident and minimize downtime.
-55% of companies run internal cybersecurity assessments.
-41% of cybersecurity executives report using zero trust architecture principles.
-Organizations using zero trust architecture saw an average data breach cost of nearly $2 million less than those not using these principles.
-An average of around 24,000 malicious mobile apps are blocked daily on the internet.
-Companies extensively using AI and automation security tools had an average of 2.2% less in data breach costs.
Increased Awareness of the Cybersecurity Threat
-It is estimated that 60% of companies use cybersecurity risk as a key factor when determining transactions and business engagements with third parties.
-57% of banking executives identified cybersecurity as a top priority in the coming year.
-70% of consumers believe companies are not doing enough to secure their data.
-59% of consumers said they would avoid doing business with an organization that suffered a data breach within the last year.
Healthy Cybersecurity Career Outlook
-There are approximately 1.3 million employees working in cybersecurity in the US as of September 2024, and the demand for new workers remains high.
-Women make up more than 25% of the cybersecurity workforce, and this share is expected to increase in the future.
-Analysts predict nearly 20,000 openings per year for information security analysts over the next decade.
-Cybersecurity workers report a higher level of satisfaction as organizations are paying more attention to worker needs such as remote work opportunities, stress support systems, and recognition of employee feedback.
86% of technology executives believe that generative AI will alleviate security gaps and make up for any lack of cybersecurity talent.
More Dependable IT Security Experts are Available for Assistance
The most important trend to be thankful for this Thanksgiving is that the number of dependable IT security partners available to assist your organization continues to grow steadily. In addition, these knowledgeable IT security experts have also become more skilled in utilizing an ever-increasing number of cybersecurity tools, such as AI-driven technology, to protect your company at an elite level.
We strongly recommend that your small business take the time to consult and work with a trusted IT security partner, like Network Depot, to most effectively protect yourself against the significant cybersecurity threat.
Your IT security partner will help your company train your staff in good cyber hygiene and work with you to establish important cybersecurity policies and protocol. Your reliable IT partner will also help you select and implement the right cybersecurity tools and solutions that will protect your unique organization at the highest level.
Now that you have learned about these positive cybersecurity trends and statistics, it’s time to fully turn your attention to having a fun-filled holiday with family and friends.
All of us at Network Depot would like to wish you an enjoyable Thanksgiving feast in 2024!