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According to the IC3, the monetary damage caused by reported cyber crime in 2016 amounted to more than 1.33 billion U.S. dollars. That year, the U.S. state with the highest amount of losses was California with over 255 million U.S. dollars in reported cyber crime damages. The average cost of a company-directed cyber crime attack in the United States was 17.36 million U.S. dollars.
Based on the type of attack, industry figures estimate the number of days necessary to solve a cyber attack on a company can take up to 69 days. The most common types of cyber attacks experienced by U.S. companies were viruses and malware. According to a 2015 survey of U.S. companies, the most popular cyber securities deployed were advanced perimeter controls and firewall technologies as well as the extensive usage of encryption technologies. Other data loss prevention activities include training and awareness programs, as well as expanded encryption and endpoint security solutions.
Despite these efforts to protect the company from outside cyber attacks, there are many employee activities that render a company vulnerable, such as mobile device usage or remote work access. Other obstacles to implementing more robust cyber security solutions for businesses are the lack of funds as well as the lack of clarity regarding best practice. However, the average organizational cost to a business in the United States after a data breach in 2016 was 7 million U.S. dollars, causing more and more businesses to create an incident response plan to deal with cyber attacks.
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Global industries most targeted by cyber espionage in 2016
Number of brands and legitimate entities targeted by phishing attacks from January 2009 to December 2016
Global number of cyber security incidents from 2009 to 2015 (in millions)
Distribution of data breaches in the United States from 2014 to 1st half 2017, by sector
Distribution of records exposed due to data breaches in the United States from 2014 to 2016, by sector
Types of cyber attacks experienced by companies in the United States as of August 2015
Share of global web application attack traffic during 2nd quarter 2017, by originating country
Number of unique phishing sites detected worldwide from 3rd quarter 2013 to 4th quarter 2016
Most serious endpoint security incidents or compromises according IT security professionals in the United States as of March 2016
Distribution of data breach costs on companies in the United States in 2017
Annual number of data breaches and exposed records in the United States from 2005 to 2016 (in millions)
Share of cyber crime damages caused to U.S. companies through malware in 2015, by company size
Share of cyber crime damages caused to U.S. companies through malicious code in 2015, by company size
Share of cyber crime damages caused to U.S. companies through web-based attacks in 2015, by company size
Share of cyber crime damages caused to U.S. companies through phishing and social engineering in 2015, by company size
Total annualized cost of cyber crime targeting U.S. companies in 2014 and 2015 (in million U.S. dollars)
Distribution of internal costs due to cyber crime in the United States in 2015
Distribution of external company costs due to cyber crime in the United States in 2015
Average costs of cyber crime in selected countries as of August 2016 (in million U.S. dollars)
Average organizational cost to a business in the United States after a data breach from 2006 to 2017 (in million U.S. dollars)
IT security controls used by small business in the United States as of March 2017
Enterprise security governance activities deployed by U.S. companies against cyber crime as of August 2015
Budgeted or earmarked spending according to six company IT security layers in the United States from 2013 to 2015
Which of these types of security threat defenses does your organization currently use?
Where are you seeing the greatest rise in potential IT security risk?
Has your organization identified a first responder team to deal with cyber attacks?
Does your organization have an incident response plan to deal with cyber attacks?
Data loss prevention controls and activities of organizations in the United States in 2017
Perceptions about ransomware according to SME in the United States in September 2016
How vulnerable do you feel your company is to a ransomware attack over the next 12 months?
Awareness of the existence of cyber insurance among small and midsize businesses in the United States in 2015
Interest of small and midsize businesses in purchasing cyber insurance in the United States as of 2015
Share of small businesses in the United States who have cyber security insurance as of April 2015
Cyber insurance necessary information searched for prior to purchase by small and midsize businesses in the United States in 2015
Security measures taken by small and midsize businesses to reduce cyber attack risk in the United States in 2015
Has your company bought or increased your level of cyber insurance coverage in the past year?
Reasons for lack of suitable cyber insurance for companies in the United States 2016
Number of cyber insurance claims made in North America in 2016, by cause of loss
IT security of small businesses in the U.S. 2017
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Cyber crime: distribution of breaches 2014-2017, by sector
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Cyber crime: distribution of data exposed 2014-2016, by sector
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Plans to buy or increase level of cyber insurance coverage in the U.S. 2016
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U.S. SMEs who have fallen victim to cybercrime 2016, by crime type
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Ransomware families encrypting business-related files in 2016, by type
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