Your Network - Our Solutions

Network Security Stats

How Vulnerable is Your Network and Intellectual Property?

Here are more statistics that caught our attention!

When you read these, you’ll understand why we are so determined to help business owners like you avoid the pitfalls of insufficient security measures.
• 94% of companies that suffer from a catastrophic data loss do not survive, with 43% never reopening and 51% closing within two years. (University of Texas)
• 57% of small business owners feel they won’t be targeted for cyberattacks. (Forbes Magazine, 2020)
• SMBs are also more likely to go bankrupt due to ransomware attacks. (Homeland Security report, 2022)
• Manufacturing was the most targeted sector worldwide, with one-fifth of all cyber-extortion campaigns targeting the industry. (IBM Security, 2023)
• Small businesses are target #1 for criminals and represented 43% of all data breaches. (Verizon Data Breach Investigation Report, 2019)
• 60% of small businesses that suffer a cyberattack go out of business within six months. (Verizon Data Breach Investigation Report, 2019)
• Malware was almost 50% of threat detections in Q1 2024 (Security Magazine)
• 82% of US companies permit employee-owned devices in the workplace (Cybersecurity Insiders, 2024)
• 40% of cybersecurity professionals surveyed observed an increase in frequency of insider attacks over the last year. (Cybersecurity Insiders, 2024 Insider Threat Report)
• Cyber-related incidents — which are responsible for many of the most severe outages — are on the rise, causing extensive and serious disruption. (Uptime Institute, March 2024)
• More than half (54%) of the respondents to the 2023 Uptime Institute data center survey say their most recent significant, serious or severe outage cost more than $100,000, with 16% saying that their most recent outage cost more than $1 million. (Uptime Institute, March 2024)
• Depending on the source and industry, downtime is estimated anywhere up to $9,000 per minute or from $100,000–$1,000,000 per hour with retail at the higher end, manufacturing in the mid-range.
• Power issues are consistently the most common cause of serious and severe data center outages. However, network-related issues are the largest single cause of IT service outages. (Uptime Institute, March 2024)
• Four in five respondents to the 2023 Uptime Institute data center survey say that their most recent serious outage could have been prevented with better management, processes and configuration. (Uptime Institute, March 2024)
• The average amount of money lost by businesses as a result of cybercrime in 2023 was $1.3 million. (IBM Security, 2023)
• 42% of companies said they had paid for the return of stolen data. (CFO.com, 2023)
• Only 8% of businesses that pay ransoms get all of their data back and 54% say cyberattacks are too advanced for their IT team to handle on their own. (Sophos, 2021)

Contact us for a free, basic risk assessment. Let’s talk about these growing concerns and how to best protect your business. It’s time to get serious!
Network Security

Did You Know?

Manufacturing was the most targeted sector (20%) worldwide for cybercrime.

Since COVID-19, the FBI has reported a 300% increase in cyberattacks.

Cyber-related outage incidents are on the rise and responsible for severe outages.

54% of businesses reported their most recent outage cost more than $100,000.

16% of businesses reported their most recent outage that cost more than $1,000,000.
“It takes 20 years to build a reputation and a few minutes of cyber-incident to ruin it.” - Stéphane Nappo