No matter the industry or size of your organisation, there is a persistent increase in cyber threats, all networks are increasingly at risk. Are your critical assets protected?
About 70% of IoT devices have been found to be vulnerable.
Many factors are contributing to the lack of IoT cyber security for millions of connected devices, while millions of device are yet to be connected to the networks. However, fear of cyber attacks remain as the main concern for both.
Study shows that about 70% of IoT devices have been found to be vulnerable. Another study found that IoT devices contain an average of 25 vulnerabilities each.
43% of cyber attacks are targeted at small businesses.
Resulted impact from a compromised network for SMEs can result in adverse business disruption or even business closure. It was reported that 60% of all SMEs compromised in 2018 went out of business .
Besides business closure, there are numerous consequential impacts to SMEs such as Negative Brand Perception, Loss of Intellectual Property, Inability to Meet Customer Demands, Regulatory or Compliance Penalties, Supply Chain or Services Disruption and Impact to Safety.
Cybercrimes cost organizations $13 million per year.
In order to protect corporate assets, enterprises implement multilayer cyber security using multiple vendors. Despite high capital and operational cost, downstream and endpoint protection still do not fulfil all needs and to cover vulnerabilities that could exist.
In fact, 61% of firms reported a cyber attack in 2018 while a business falls victim to a ransomware attack every 13.275 seconds. These statistics tell you that there is still more to be done in securing your network on an enterprise level.
Organisations may also incur fines of up to US$23 million for a data breach under GDPR.
9 in 10 critical infrastructure providers have experienced cyber attacks crippling their systems.
This includes an incident in 2018 where a remote Alaskan community’s infrastructure was hit by a malware attack which forced it offline.
The United States government has set up cyber security for 16 critical infrastructures as a matter of national emergency, demonstrating the importance of cyber defence for all nation’s infrastructure.
Nearly half of utility CEOs think a cyber attack is inevitable.
It is a matter of “when” and not “if”.
In 2016, energy was the industry second most prone to cyber-attacks, with nearly three-quarters of US Oil & Gas companies experiencing at least one cyber incident.