MOST NOTICEABLE FACTS ABOUT CYBER SECURITY

Cyberroot Risk Advisory

Let's check out some interesting facts.

We all are aware of how much our data is essential to our business and day-to-day life. Research shows that, on average, one in every 39 seconds, a device is affected due to cyberattacks.

Small businesses being a crucial aspect of the global economy, it isn't surprising that 43% of cyber attacks target them. Resultantly the average cost incurred by small and medium-sized businesses worldwide is $3.9 million. This amount is usually ruinous to a company's finances and image. Since there is substantially more risk for public corporations, a publicly listed company's average data breach cost goes up to $116 million.

As far as online data is concerned, almost 7 million records do get compromised daily. It means that 80 papers are lost or stolen every second, implying that over 2.55 billion records are exposed yearly due to data breaches.

Due to the rise in digital transactions activity, fraud organizations started acting rapidly. As a result, 26.5% of transactions were fraudulent.

Internet security data showed high-risk applications on 1 in 36 mobile devices. Mobile apps—and their chances—are inevitable. Mobile applications are unavoidable as most individuals utilize mobile devices for personal or commercial needs. It makes malware catch probable. Thus, mobile apps must be secured.