Key Cybersecurity Stats
$90billion worldwide spending on information security is expected to reach in 2017, an increase of 7.6 percent over 2016, and to top $113 billion by 2020.
$81.7billion worldwide revenues for security-related hardware, software, and services will reach in 2017, an increase of 8.2% over 2016.
$68billion the economic cost of a global cyber-attack.
$105billion Global spending on security solutions is expected to achieving a compound annual growth rate (CAGR) of 8.7% through 2020
36.6million data records compromised in India during 2016, an increase of 14% compared to 2015.
500,000 threats daily and 244 new cyber threats every minute where enterprises typically saw 25 new threats per day 10 years ago
93% of Indian respondents highlight the overall focus on security with increasing investment in perimeter security technologies
73% of all data breaches, ‘identity theft and financial access’ was the leading type of data breach in 2016.
69% Professionals say their organization’s existing security solutions are outdated and inadequate, emphasizing the need to have a holistic look at the security posture.
69% of Indian CIOs report an increase in their cybersecurity budgets over the last 12 months and almost three-fourths expect budgets to increase further in the next year.
66% believe that unauthorized users could access their network, rendering their perimeter security ineffective.
60% Indian Security personnel admit that employees and third parties bypass security policies and technologies because they are too complex.
50% organizations reported the lack of cybersecurity skills which has slowed adoption or usage of cloud services, possibly contributing to the increase in shadow IT activities.
36% reported that they are experiencing a scarcity but are continuing with their cloud activities regardless.
16.9% threat exposure rate of India which is among the top 5 vulnerable countries in the world to malware attacks.
10% minimum percentage of enterprises that will utilize the benefits of software defined perimeter (SDP) in order to isolate a sensitive environment, by the end of 2017.
Sources: Citrix, Ponemon Institute, Gartner, EY, Forrester, Lloyds of London, Gemalto, IDC, McAfee, Sophos Labs.
Recent breaches and attacks
Global
WannaCry: infected more than 230,000 computers in over 150 countries. Economic losses from the cyber attack could reach up to $4 billion
Petya ransomware initiated in June 2017 and disrupted numerous banks, retail chains, hospitals and transport systems. Impacts were felt as far as Australia, Ukraine and Americas.
Shadow Brokers first surfaced in August 2016, claiming to have breached the spy tools of the elite NSA-linked operation known as the Equation Group.
Scorpene leaks 22,000 pages listing the combat capabilities and other information on the $3.5Billion Scorpene submarine and excerpts were leaked.
Indian
34 million citizens were affected by the massive data leak in Kerala of sensitive information such as income, name and date of birth, among top 10 breaches of 2016 worldwide.
Union Bank of India was breached by cyber hackers. The hackers had managed to get past the bank’s security systems but the money trail was traced and the movement of funds was blocked.
Aadhar details of 13.5 crore citizens were leaked and easily accessible from Government websites.
3.2 million Debit cards were compromised in India in October last year. SBI, HDFC Bank, ICICI, YES Bank and Axis were among the worst hit.
Personal details of 1.4 million pensioners were hacked of a website run by the Jharkhand Directorate of Social Security.
Cyber criminals hacked food and restaurant search engine Zomato’s website and stole 17 million user’s data.
By: Chitresh Sehgal csehgal@accentinfomedia.com
