A single data breach can completely sink an organization, not to mention the thousands, millions, or even billions of dollars the clean-up can cost. In 2017, a cyber attack cost businesses an average of $3.7 million dollars, and estimates show that in 2019 this number is even higher.
According to a study completed by the University of Maryland, a cyber attack occurs every 39 seconds on average.
We do know that some industries are at a higher risk for cyber attack than others. The industries below are targeted more often and at a higher cost of restoration than any other industries. Since hackers can range anywhere between teenagers with limited skills to teams of highly-trained, foreign hackers, it can be hard to prepare for all of the cyber attacks lurking around the web.
However, for those industries who understand their level of vulnerability, there are additional actions that can take place to provide an additional layer of security where you need it most. See our list of the top five industries vulnerable to cyber attack below:
While healthcare data is quite secure, due to HIPAA laws, this does not mean that the healthcare industry is immune to a cyber attack. Experts claim that in 2016, the healthcare industry suffered a data breach each day of the year, leading to more than 27 million patient records being sold to the highest bidder.
According to a study that examined 700 healthcare organizations in 2016, over 75% of the organizations surveyed had experienced a malware infection over the last year. Malware can be used to steal the information stored within healthcare facilities, which can earn hackers a lot of money. While healthcare compliances mandate that patient records be kept private, not all facilities have the resources and expertise to handle sensitive information appropriately.
From nuclear power to natural gas, the energy industry is subject to a near constant threat to cyber crimes. The sheer value of energy blended with the environmental hackers who pose the threat creates the need for maximum security efforts for the energy sector. According to security experts, hackers look to cause mayhem, whether this manifests as widespread power outages, undermining infrastructure and security, or simply creating chaos. Even wind turbines have been recently targeted for a cyber attack, which is why the energy industry holds a spot at the top of our most vulnerable list.
It’s no surprise that governments are vulnerable to attacks. Many of the headline hacks include government agencies like the CIA, FBI, and NASA. The government holds the key to a truly limitless source of information. From personal information like fingerprints, social security numbers, and other identifying info to government secrets that may or may not exist behind closed doors, the lure to hackers is often irresistible. While the government spends billions of dollars each year to keep data safe, there is always the risk of a cyber attack, especially when considering nation-state hackers.
Colleges & Universities
In the last ten years, colleges and universities have suffered the highest quantity of cyber attacks. Take note, though, that these attacks are not always the highest quality, and are often the result of mischievous students. However, this does not mean that all university attacks should be scoffed at. Instead, higher education schools should take the opportunity to reinforce their data security as soon as possible.
Unfortunately, small to medium-sized businesses are the most targeted and most expensive industry to restore. According to Kelser Corporation, 65% of cyber attacks are aimed at small to medium-sized businesses. This staggering statistic comes from the fact that small to medium-sized businesses often lack the digital expertise to properly protect themselves from cyber attack. Out-of-date software and applications, bad passwords, unmanaged user accounts, and a lack of protective measures can equal disaster for businesses just starting out, or worse, businesses just reaching the top of their success.
Luckily, there are options for keeping your systems safe. You can start by partnering with a web host with the tools, services, and expertise you need to keep your data secure. Second, you can talk to our solutions experts about firewalls, data backups, and DDoS protection to be sure that you have employed the proper protection to keep your organization safe and sound. Learn more about protection your systems today at 100TB.com, and rest easy knowing that your data is stored in biometrically secured data centers with around-the-clock on-site monitoring.