Cybersecurity is a growing issue in the corporate industry. The number of cyber crimes committed per year has increased by 300% since pre-pandemic times, and experts expect that number to grow by a further 15% each coming year for the next five years.
Key Statistics
- The highest number of cyber crime victims in 2022 – at a rate of 4783 per million – were in the United Kingdom. This was up by 40% from 2022.
- The UK was followed by the United States, averaging 1439 victims per million.
These two countries experiencing the highest rate of cybercrime, across businesses and individual crime, means that cyber security is in greater demand in these countries, and individuals and businesses within these countries need to be more aware of the threats.
- A total of 39% of UK businesses reported suffering a cyber attack in 2022. An average of £4200 was lost by these businesses.
- As for the US, around 10% of businesses have no insurance against cyber attacks.
These are worrying statistics for the corporate world. Insurance against cyber attacks is a must for all businesses as the rate skyrockets, and better precautions must be taken to decrease the number of attacks occurring.
These are worrying statistics for the corporate world. Insurance against cyber attacks is a must for all businesses as the rate skyrockets, and better precautions must be taken to decrease the number of attacks occurring.
- Canada was the third country most impacted by cyber crime, and it is thought that in 2021, the US had as much as 759% more victims.
- The greatest increase in cyber crime globally was seen in the Netherlands, who found their rate up by 50% since 2020.
- Greece saw the largest decrease in victims; down by 75% since 2020.
These statistics show that cyber crime is on the rise in many countries – however, given the decrease of cyber crime in Greece, there is evidence that it is possible to combat such attacks.
Common Types of Crime 2022
| Phising | 300,497 |
| Data Breach | 61,654 |
| Extortion | 39,416 |
| Identity Theft | 27,922 |
| Credit Card Fraud | 22,985 |
| Employment | 14,946 |
| Government Impersonation | 11,554 |
This table shows the most common types of cyber crime to have occured during the year 2022.
As the data shows, the most common type of crime by far is phishing; though the range of crime against businesses varies greatly.
Businesses often neglect the threat of insider attacks; however, around 10-22% of cyber attacks on businesses come from internal threats.
Industries Impacted
Any business can fall victim to cyber crime. The most common industries impacted in 2022 were as follows:
- Small Businesses
- Healthcare
- Government Agencies
- Financial Institutions
- Education
- Energy/Utility Companies
Of these, small businesses are the most likely to fall victim to such crime – due to a lack of resource or knowledge to properly defend themselves – and healthcare has had the most costly losses as a result of cyber crime.
These industries being most vulnerable to attack implies that they are the industries most easily hacked into, or most weakly defended, and are therefore the industries that most need to improve their cyber defences.
Small Businesses
With small businesses being the biggest victim of cyber crime, here are the basic facts:
- 43% of cyber attacks are aimed at small businesses. Only 14% of small businesses are prepared to defend themselves.
- 45% of these corporations say that their procedures are ineffective at preventing attacks.
- 66% of small businesses have reported a cyber attack in the last year.
Cyber crime is an ever growing problem. With these statistics under your belt, you can prepare an effective security strategy to mitigate potential attacks.