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Need of Cyber Security: Alarming Facts You Should Know

Why is the need of cyber security alarming? In this article, we will consider some facts on 2021.

We will also dive in as to why cybersecurity is important now. Read on to know more.


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Why the Need of Cyber Security

Want a straightforward answer to why cybersecurity is important? Cyberattacks are growing every day. And they’re increasing at a great speed.

Cybercriminals believe that all is fair in attacks. In fact, they also target major elections in some countries. They can even make businesses suffer damages overnight.

Now, cyber threats seem to be bigger than threats from nuclear weapons. That’s why cybersecurity is important now.

But if you want more details to the question, you’re in the right place. We compiled a list of cybersecurity facts for you.

Facts Why You Need Cyber Security

A billion records were leaked in January 2020 alone

Exactly 1,769,185,063 user records were leaked in January 2020 alone. Now, we see no slowing down in these numbers.

More than those records, it also exposed plain text passwords for about 772 million people. Imagine if you are one of those.

A data breach also breached 854GB of data of CVs. These contain sensitive information like the names and addresses of about 202 million Chinese users. Think about that!

Worse? Even FBI operations were affected by a data leak in Oklahoma. As we see, there’s no stopping these cybercriminals now.

Ransomware cost billions of dollars

Ever heard of the WannaCry ransomware attack? It literally made people cry in 2017.

An estimated 200,000 computers in 150 countries were affected by that attack. The result? The cost of the damages was a total of billions of dollars. It doesn’t even include the reputational damages.

In 2021, these attacks are not slowing down. In fact, the crisis brought by the COVID-19 pandemic became attractive for hackers to attack more.

The global average cost of a data breach is $3.6 million

In the past year, IBM found that the average cost of a data breach is $3.6 million. Unfortunately, it keeps increasing every year.

What’s more? Most small to medium businesses are not prepared for data breaches. That’s why they are at risk for these attacks.

Cryptojacking is one of the more serious cyber threats to watch out for

You may have come across the word cryptocurrency. But, do you know about cryptojacking?

It happens when a hacker attacks a computer’s CPU to mine cryptocurrencies. Now, incidents of this attack were four times more in 2018 than in 2017.

Phishing emails cause 91 percent of cyberattacks in 2020

Because of the COVID-19 crisis, people need the latest news about the virus. But, hackers exploit that need.

For one thing, phishing scams are one of the most commonly used attacks. Reports even show that 9 out of 10 successful cyberattacks are related to phishing.

Fraudsters would use fake headlines from the government, offer financial aid to frontline workers, or even sell protective gear.

Now is not the time to be complacent with cybersecurity. More than ever, we need strong cybersecurity and best practices. So, we can protect ourselves from these cyberattacks.


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