Data Security: 25 Important Facts and Statistics for 2022

Scott Repasky
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Data breaches of businesses

And governments have been made public, making consumers more tech-savvy than ever. The increase in technology has also helped businesses adopt to new security solutions and led the way for the development of new programs.

The latest information in data security comes from various sources, including The National Institute of Standards and Technology (NIST), Ponemon Institute (PI), the United States Federal Government, and the Information Security Forum (ISF). Every report that comes out contains a completely different set of recommendations and special tactics to make the best use of security and data encryption.

The information below has been gathered from a variety of sources to allow you to be as current as possible. With data breaches happening more frequently, this information is important to know in order to keep your business (and sensitive information) safe–from home to office and everywhere in between.

Cybercrimes against consumers

2014 was a bad year for cybercrimes and online scams against the consumer, as 78% cybercrimes incidents on consumer computers grew to 5.8 million complaints.

What precautions do businesses and people take

To secure their data?

Due to the increased risk of a security breach, businesses and individuals use security measures and tools like encryption, firewalls, anti-virus programs and more to coordinate their defenses against cyber-attacks. However, the efforts of businesses and individuals are slowed by a number of issues, including the difficulty of obtaining ISO 27000 certification, a lack of preparedness, and the expense of a breach.

In the past, businesses were focused mainly on security within the organization, including:

Network security solutions are sometimes challenged because users tend to throw caution to the wind when using their devices, particularly mobile devices with limited onboard storage. Thus, organizations should concentrate on the following security techniques to help deter this: Data encryption

End-point risk mitigation, which is a security program that protects the desktops and files.

However, cyberattacks are not the sole concern of businesses. Consumers are also troubled about the security of the data they use in their personal lives. In a recent study, almost half of the survey participants said they were concerned with data security while using third-party applications and tools. Here are some of the findings of the study:

How much money do data breaches cost

Data protection laws

The EU General Data Protection Restriction that went into effect in May 2018 has forced more companies to become compliant. GDPR isn’t easy to understand. Businesses have had to employ teams of lawyers to examine their systems and procedures. Unfortunately, this has cost a lot of money and temporarily curtailed business operations. Over the next 10 years, there will be even more data laws that will come into effect and more money spent on compliance.

Tech companies are under the microscope in Europe more than ever. Some business owners are avoiding the EU completely. It’s an understandable decision. If you’re selling products or services that could potentially target European consumers, then you have to deal with data protection laws.

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