Malware statistics have been a sweeping problem across the US for decades now, affecting companies and individuals in almost equal measure.
What is malware?
The term is a contraction of the words “malicious” and “software.” So, any software that has been created to cause harm is called malware. Things like viruses, trojans, ransomware, and spyware are all examples.
More often than not:
Malware is created by hackers, even groups of them. The motivations of these hackers can be diverse, but the main reasons they apply themselves to cybercrime are to extract money from victims or test security protocols or make political statements or protest.
Mobile malware statistics 2019 and for the past five years highlight the fact that some hackers have even been known to work with governments in order to target the online infrastructure of rival countries.
Which means that:
No matter the reason why malware is on your computer, the effect is the same – bad news for the infected party.
Which is why:
It’s imperative that both individuals and companies make malware awareness, prevention, and security their number one priority. By doing this, they can protect themselves from malware.
With that said, let’s dive in.
At present, computer viruses statistics show that malware attacks in 2019 have been recorded as costing the average US company an average of $2.4 million per year.
(Info Security Magazine)
Analysts predict that malware security spending forecasts for US businesses in 2020 will break the trillion-dollar mark easily.
(Cyber Security Ventures)
Hacking statistics show that the average recovery time for a business or individual from a malware attack can be close to two months.
Worryingly, from 2018 to 2019 cybersecurity costs jumped up by a whopping 23.7%
Reports incorporating malware statistics by operating system have received data showing that the average global cost of cybercrime increased by over 27% in 2017 and went up by a further 32% in 2019.
Computer viruses statistics show that malware attacks bring a host of expenses. Of these, the expense of information loss is by far the most costly, with close to half of malware costs being attributed to it.
2019 proved to be a costly year in the US, with ransomware damage exceeding $5 billion, a full 38% higher than 2018.
Globally, the average cost per cybercrime stolen record is around $140
However in the US the cost is considerably higher, making security breaches in the US the most costly.
This is huge! The financial losses malware does to large companies is truly mind-blowing, so they need to take cybersecurity far more seriously than they have been so far.
Cybercrime, particularly malware, has caused billions of dollars of damages over the last few years. This is projected to rise even further in 2020.
Malware facts show that attacks ran wild in 2019 and resulted in nearly 80% of all large corporations taking a hit from cybercriminals. In addition to corporations, millions of users across the US were targeted and fell victim to malware attacks.
Below we’ve gathered the attack and breach statistics on malware-related cybercrime, to give you an overview of the landscape regarding malware in North America.
In 2013, global giant Yahoo saw a mind-boggling 3 billion email accounts compromised.
As a result, cybercriminals gained access to sensitive customer information in what remains the largest breach of its kind to date.
In 2015, servers at Anthem Inc. were compromised by hackers. The breach resulted in over 37 million records being stolen.
(Cyber Security Ventures
In 2016, former social media giant Myspace was successfully targeted, resulting in lost data from over 360 million accounts.
Uber, one of the world’s largest companies, suffered a major breach in 2017. The business giant was hacked and lost 50 million records of riders, 7 million driver records, and 600,000 US driver’s license details.
Worse than the breach was Uber’s dealings approach to the breach. It tracked down the hackers and tried to pay them off in order to keep the breach quiet. The result was a more public humiliation than would have normally happened.
Malware infection statistics highlight the Marriot data attack as one of the worst in cybercrime history.
During 2018, Marriot was targeted and victimized by a group of hackers. The attack targeted US accounts in a bid to steal and share personal info for profit. Over half a billion user accounts were compromised.
The Maryland Department of Labor experienced a huge malware breach in 2019 when hackers were able to use malware to breach the department’s data. Malware attack statistics clearly reveal how the attack led to 78,000 names, addresses and social security numbers being stolen.
Small businesses are the beating heart of the US economy. Although large companies contribute greatly toward the economic health of the US economy, it is the thousands of small businesses across the nation that help the country to maintain its foothold in the world economy.
Which means that:
Without small businesses, our country would start to lose its economic momentum.
So, we decided to list some facts about computer viruses below, and we also highlighted the effects of such actions on small businesses:
Malware trends and trojan horse computer virus facts show that annually, 47% of all malware attacks carried out in the US target small businesses.
(Daily Host News)
Analysts report that 8% of small US businesses experienced consistent cyber attacks on a weekly basis throughout the whole of 2019.
Antivirus statistics show that 73% of small businesses are unprepared to deal with a cyberattack of any kind. These businesses have no protocols in place to combat malware, and some of them (28%) do not have any specialized antivirus software protecting their servers and network.
For most small businesses in the US, the area of IT security seems frivolous and a cost which their company can do without. This type of negligent attitude, displayed by nine out of ten small businesses, leaves gaping holes in security. And hackers will no doubt seek methods to exploit them.
Ransomware statistics show that 69% of small businesses are estimated to encounter malware attacks on a standard US working day.
Internet security statistics show 85% of small businesses need to purchase or upgrade their current cybersecurity measures. Most small businesses are trying to coast by on freemium security software, which is limited and ineffective as a commerce solution.
Cybercrime statistics suggest other small businesses have opted to not even invest additional funds into cybercrime defense.
51% of small businesses have been reported to have said they do not allocate any money to creating malware protocols. Which means that not only are they grossly underprepared and open to attack from cybercriminals, but they also have no customer services in place to deal with any problems in case of a successful malware attack.
Computer virus statistics show that every 14 seconds, one small business in the US falls victim to ransomware.
These statistics were reached after analyzing the effects of ransomware on small businesses in the US during 2019.
Trojan horse virus facts for 2018 and 2019 show that 49% of malware sent to small businesses was delivered via email.
The most common malicious email disguises are bill invoices, email delivery failure notifications, package deliveries, legal/law enforcement message, or a scanned document.
Spyware facts conclude that nearly two-thirds of small businesses say the malware attacks they have encountered were either too severe to recover from or that the attacks were becoming too sophisticated to combat.
I another worrying stat, only a small minority of small businesses highly rate their ability to effectively and confidently deal with cybercrime threats.
Computer viruses facts show that just shy of two-thirds of small companies go out of business within six months of a cyber attack.
A selection of surveys conducted from malware statistics 2018 and incorporating results that span throughout 2019 pointed to the fact that two-thirds of small businesses prioritized consumer records over all else.
After analyzing computer virus facts and statistics for the last decade, experts have concluded that on average, a whopping 67% of consumer records will either be stolen/ or be at risk of being stolen.
A poll conducted on computer virus stats and through various platforms showed that intellectual property is far more important to some people than even company financials.
Alarming results from studies conducted across the US point to the possibility of close to half of all credit and debit card information as being at risk of being stolen by malware attacks.
Mobile malware statistics and studies conducted on malware targeting have consistently shown that hackers are more focused on targeting the clients of a business than they are their employees.
Malware statistics 2019 show that only 8% of employee records were targeted.
Business correspondence may be important for business but not for hackers. According to reports from 2019, only a small minority of malware threats were aimed at/related to the business correspondence of any small business.
(Cyber Security Ventures)
Malware detection statistics highlight the fact that of cyber attacks that can threaten a small business, the main ones are:
Smartphone malware statistics and reports investigating malware across the board and spectrum of technology have found that the root causes of data breaches for small businesses can be listed as follows:
Businesses all store and value data in various ways and through varying systems and protocols.
These business priorities can be broken down as follows:
Which means that:
Only 16% of small businesses say they had only reviewed their cybersecurity posture after they were hit by an attack.
That clearly points to the fact that:
Just 16% of small businesses are very confident in their cybersecurity readiness.
The areas that are lacking can be listed as:
Strategy – Having a clearly defined strategy around cybersecurity.
Accountability – Having a leadership role dedicated to cybercrime issues.
And not to mention:
Willingness to respond – Being willing, and more importantly, able to respond effectively following a cybercrime instance.
Training – Having a training regime in place that ensures staff are ready and able to respond in the event of a cyber attack.
With the area of:
Insurance – Insurance policies must be inclusive and up to date. The relevant leaders should be aware of how to claim and execute on a policy with maximum efficiency.
Apart from small businesses and large companies, one of the most targeted preferential targets for hackers is “good old Joe public.”
Despite hackers claiming to be statement makers or conduits for change and/or revolution, they are essentially criminals. So, they will target anyone of their choosing.
Below, we’ve collated some statistics that show how individual users have been affected:
I one of the most unnerving stats, cybercriminals attacked lots more individual users in the US in 2019 than they did in 2018. According to analysts examining ios vs android malware statistics and other such phenomena, this sudden burst in attacks was related to people’s lax attitude towards malware. And all the while, hackers and cybercrime have been evolving at a record pace.
All this has led to the gulf that now exists between the sophisticated nature of malware and the insufficient or outdated counteraction measures that companies and individual users are clinging to.
A survey of 590 information technology security professionals uncovered the fact their organization was not prepared to deal with a malware attack of a general nature, let alone a targeted or specific one.
Results from recent studies have shown that a massive 81% of cybersecurity experts think this year will see a record number of malware attacks.
(Hot For Security)
A round-up of 2019 showed that three-quarters of home users who were affected by malware actually had up-to-date endpoint protection on their machines and network.
The reason these measures were ineffectual had to do with the fact that the malware protection installed was either a freemium product, a trial of a full product, or simply the cheapest option the user could find.
Malware reparations, user outlay, and insurance payouts for 2019 have been listed in the $75 billion per year ballpark.
The attack losses of the NotPetya malware attack have already exceeded a remarkable $1 billion, and the figures are still being calculated in their entirety, which means that costs will reach even higher figures before the case is resolved.
The city of Atlanta has spent huge sums to rebuild its computer network after the SamSam ransomware attack in 2018.
As far as figures go, this figure may be considered a soft estimate, with actual hard stats coming in at least 1.5 more than the amount listed, perhaps even 2.2 more.
As you can see from the malware statistics we’ve shared with you here, the subject matter is as problematic as it is far-reaching.
Costs related to malware are impacting large and small businesses, as well as individual users, and the costs are heavy to say the least.
In order to eliminate these costs, we must as a society invest more time and effort into understanding and defending ourselves against malware in all its forms.
Will it be easy to do so? No. Cybercriminals are an adaptable and persistent breed.
Is it possible? Absolutely. Despite everything, with the right measures and safeguards in place.
Studies reflect that over 30% of computers in the world have malware or unwanted programs running on them. This figure points to the potential and growing threat of malware spreading exponentially throughout the world.
According to reports, 350,000 new malicious programs (malware) and potentially unwanted applications (PUA) are created every day. Which makes malware not only a tricky problem to deal with, but also one that is growing more rapidly than the solutions that are being engineered for it.
According to statistics, Russia is the hardest hit by malware.
With the following five countries badly affected, in order, are:
Malware statistics show that 92% of malware is distributed by email.
This figure has been growing steadily since the late 1990s and is set to continue its upward trend in the coming years.