2020 Cybersecurity Trends and Factors That Mitigate IT Risks

A cyberattack can have compounding consequences, causing significant financial losses and affecting the company's operations and compliance. And a major breach featured in the headlines can irreversibly damage an organization's reputation, leading to lost business, low customer trust, and a competitive disadvantage.

This infographic offers IT, risk management, and security leaders recent cybersecurity trends, insights, and a point-in-time view of the factors that can mitigate the cost of data breaches. We hope that businesses can use these findings to continue to evolve and propel forward with innovation while maintaining customer loyalty and trust at a time when no company is insured against a cyberattack. 

Among some of the highlights from this infographic are:

• Consumer information is an asset and criminals are still on a hunt for it.
• There were 540 data breaches in the U.S. in the first half of 2020.
• In 2019, the number of data breaches in the U.S. amounted to 1,473 with more than 164.68 million sensitive records exposed.
• The most significant and costly cyberattacks come from within the company.
• 33% of the causes of a cyberattack is employee negligence.
• 59% of IT professionals say their employers don't have the ability to find threats that lurk within their company.
• Extensive testing of an Incident Response plan, business continuity management, and employee training can significantly mitigate the cost of a data breach.