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Why is Cybersecurity Important?

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Here are the facts:

There are 800,000 cyber attacks per year.

The average amount of time an attacker has access to data before the breach is detected is 2.24 months (~9 weeks).

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Industries with the most cyber insurance claims:

  1. Healthcare
  2. IT and Communications  
  3. Retail 
92% of malicious software is delivered via email.

4.45M USD is the avg total cost of a data breach (an all time high).

$28B+ is the estimated amount stolen through email fraud from 2016 – 2020 with $150K+ avg loss per incident.

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Why is Cybersecurity Important?

1

Protects Sensitive Data

If this data isn’t protected, it can be used by cybercriminals for identity theft, fraud, or extortion.

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Types of sensitive data:

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Personally Identifiable Information (PII)

Social Security Number
Biometric Data
IP Address

Financial Information 

Bank Account Numbers
Credit Score
Account Balances

Intellectual Property

Copyrights
Trade Secrets
Patents

2

Prevents Financial Losses

Both businesses and individuals can experience significant financial losses from cyber attacks. Not only could you lose money from fraud or paying ransom, you could lose the  ability to effectively operate your business for an extended period of time.

3

Ensures Personal Safety

Employees are frequent targets of cyber attacks. Without cybersecurity, their personal information is at risk and an attack could have a major impact on their personal lives.

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