Cybersecurity Trends for 2019

By:  |  Category: Blog Thursday, January 17th, 2019  |  No Comments
Cybersecurity trends for 2019

Cybercrime is exploding. If 2019 is anything like 2018, we all need to get ready for a wild ride. Here is the newest research on the magnitude of cybercrime.

1. The total cost of Cybercrime is predicted to top $6 trillion annually by 2021.

This amount is more than the global drug trade. Cybercrime is the new money maker. Up from $3 trillion in 2015, this new number ($6 trillion) represents the greatest transfer of economic wealth in history and highlights the risks and incentives for innovation and investment to nation sates and bad actors. Simply put, bad guys go where the money is.

The Equifax breach cost the company over $4 billion in total. (Time) Ouch!

2. Defensive spending on Cybersecurity will exceed $1 trillion from 2017 to 2021.

Doing business isn’t just about doing business. Now you need a strong defensive perimeter to maintain your business, clients and information…or risk losing it all.

The total cost of a successful cyber attack is over $5 million, or $301 per employee. (Ponemon) Global spending on cybersecurity products and services are predicted to exceed $1 trillion (cumulatively) over five years, from 2017 to 2021.

3. Worried about finding a job in IT? Don’t! Cybercrime will more than triple the number of unfilled cybersecurity jobs, which is predicted to reach 3.5 million by 2021.

Every IT position is also a cybersecurity position now. Every IT worker, every technology worker, needs to be involved with protecting and defending apps, data, devices, infrastructure and people. The cybersecurity unemployment rate continues to hover around zero percent.

4. Humans, not computers, are the new target.

According to Cybersecurity Ventures, “As the world goes digital, humans have moved ahead of machines as the top target for cybercriminals. There were 3.8 billion internet users in 2017 (51 percent of the world’s population of 7 billion), up from 2 billion in 2015. There will be 6 billion internet users by 2022 (75 percent of the projected world population of 8 billion) — and more than 7.5 billion internet users by 2030 (90 percent of the projected world population of 8.5 million, 6 years of age and older). The hackers smell blood now, not silicon.”

5. Ransomware costs are going through the roof! 

According to the FBI, more than 4,000 ransomware attacks occur every day. (FBI) and global ransomware damage costs are predicted to reach $20 billion by 2021, up from $325 million in 2015. Ransomware attacks on healthcare organizations — often called the No. 1 cyber-attacked industry — will quadruple by 2020. Cybersecurity Ventures expects that a business will fall victim to a ransomware attack every 11 seconds by 2021. This makes ransomware the fastest growing type of cybercrime.

Stay educated on cybercrime and if you need assistance with a comprehensive security solution give EnhnacedTECH a call at 714-970-9330 or contact us at [email protected]

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