The State of Cybersecurity in 2023 Cybercrime continues to be on the rise as the global cost increases year-over-year. At the same time, there's a currently 3.4 million shortage of qualified Cybersecurity professionals across the globe. Hackers Targeting Identities 175% Over 33 billion records are expected to be stolen by cybercriminals in 2023, an increase of 175% from 2018. 57% The most common types of attacks on small businesses are phishing and social engineering attacks. Data Breaches Often Go Undetected 197 On average, it takes a company 197 days to discover that a data breach has occurred. 69 After its discovery, it often takes up to 69 days to contain a breach. The Financial Cost of Cyber Attacks $8 Trillion The global cost of cybercrime is expected to be $8 trillion in 2023 and $10.5 by 2025. $10.5 Trillion The global cost is expected to rise to $10.5 trillion in 2025. Most Prevalent Attacks IoT 1.51 billion Internet of Things (IoT) device breaches were reported in the first six months of 2022, up 77% from 2021. Web It's estimated that 30,000 websites are hacked each day and 97% of all breaches exploit WordPress plugins. Cybersecurity Workforce 3.4 Million Globally, the shortage of Cybersecurity professionals is estimated to be 3.4 million, up 26% from 2021. Skills Gap Insufficient curriculum in STEM studies is leading to recent college graduates lacking adequate cybersecurity skills. InstructorAlton.com
