70% companies are subjected to cyber threat

70% companies are subjected to cyber threat

70% companies are subjected to cyber threat

Latest news revealed that About 70 percent of the companies are vulnerable and facing cyber attacks, partly because they are either not aware-hence haven’t got their systems assessed, or are not adequately protected.

News shows that companies globally are subjected to increasing threats of data breach, and Indian companies are equally vulnerable.

In 2019, many well known companies are facing cyber attacks like more than 1.3 million credit and debit card details from Indian banks were breached, Facebook users’ passwords were found exposed and Twitter too had its trouble facing data leak.

In the growing digital era companies are making adequate applications for their user's to give them an amazing experience but they neglect the security part and this cause to an heavy loss to a company in future. Maintaining user's trust is the important factor for any organisation. Company's must ensure that their application and their user's data are secure.

Additionally, recent security research suggests that most companies have unprotected data and poor cybersecurity practices in place, making them vulnerable to data loss. To successfully fight against malicious intent, it’s imperative that companies make cybersecurity awareness, prevention and security best practices a part of their culture.

15 Impactful Cybersecurity Facts

  • 62% of businesses experienced phishing and social engineering attacks in 2018
  • 68% of business leaders feel their cybersecurity risks are increasing.
  • Only 5% of companies’ folders are properly protected, on average.
  • 71% of breaches were financially motivated and 25% were motivated by espionage.
  • Financial and Manufacturing services have the highest percent of exposed sensitive files at 21%.
  • 53% of companies had over 1,000 sensitive files open to every employee.
  • 17% of all sensitive files were accessible to all employees.
  • 61% of companies have over 500 accounts with non-expiring passwords.
  • 43% of breach victims were small businesses.
  • 2020, security services are expected to account for 50% of cybersecurity budgets.
  • 61% of companies think their cybersecurity applicants aren’t qualified.
  • Not so surprising, given that 50% of users would click on a link from unknown sender
  • 68% of small businesses store customers email addresses and password unsafely.
  • 51% of businesses experienced denial of service attacks in 2018.
  • Smaller organizations (1–250 employees) have the highest targeted malicious email rate at 1 in 323.

The best way to secure your system, application and user's data is penetration testing. Additionally, cyber attacks are not decreasing along with time we have to increase our security to deal with it in a better way.

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