2018 U.S. State of Cybercrime
This year, CSO partnered with the CERT® Division of Software Engineering Institute at Carnegie Mellon University, U.S. Secret Service and KnowBe4 to evaluate trends in the frequency and impact of cybersecurity incidents. The 2018 U.S. State of Cybercrime Study highlights changes in security spending, sources of cyberattacks, as well as action plans and employee training practices that organizations have implemented in order to mitigate breaches. Cyberthreats affect organizations of all sizes; as cybersecurity incidents remain prevalent in today’s news, companies are investing more money and time into their security systems.
- Security budgets continue to rise. Fifty-nine percent of organizations said their security budget had increased in the past year, and the average annual budget for IT security is $15 million.
- Enterprises are hit much harder by cybersecurity events, experiencing an average of 196 events per year, compared to SMBs who experience 24 on average.
- Three-quarters of cybersecurity attacks stem from outside sources, and hackers prove to be the greatest cyberthreat as they result in 27% of overall attacks.
- 78% of enterprises have a formal incident response plan in place, compared to only 53% of SMBs. Overall, 44% of organizations test that plan at least once per year.
- Ninety-five percent of organizations provide security awareness training to their employees at least once per year. When asked who was in the most need for security awareness training, 55% of security decision-makers reported that their C-level executives were.
For more information, please view excerpt from the study below.
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