Cyber attacks on businesses are becoming more frequent, targeted, and complex. The effects of a cyber attack go well beyond the direct financial consequences. In 2024, 47 percent of respondents indicated greater difficulty in attracting new customers as the main consequence of cyber attacks.

According to a 2024 survey of Chief Information Security Officers (CISO) worldwide, Ransomware attacks were a leading cybersecurity risk, with roughly 41 percent naming it as one of the three major cybersecurity threats. A further share of 38 percent of the respondents found malware to be a significant risk to their organizations' cybersecurity. Email fraud compromise and DDoS attacks followed closely, with 29 percent.

As of September 2024, almost 30 percent of cyber incidents detected in the past 12 months were hacking incidents. A further 28.7 percent were incidents of misuse, and 15.2 percent of detections revealed malware attacks.

Introduction

Chinese Cyber Attack Statistics: Chinese cyber attacks have become a major global issue over the last 20 years. These attacks target governments, businesses, and important industries around the world. Many of these attacks are supported by the state, and their main goals are spying, stealing intellectual property, and gaining advantages in areas like technology, defence, and telecommunications.

In 2024, the global digital world will continue to face threats from cyberattacks linked to China. Because of this, governments and organisations need to strengthen their cybersecurity measures to protect their assets and data from these harmful activities.

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In 2024, when asked about the most sought-after technical cybersecurity skills within their organization, 36 percent of respondents among hiring managers and nearly 50 percent among non-hiring managers highlighted cloud computing security. Artificial intelligence and machine learning ranked second among non-hiring managers, mentioned by 37 percent of respondents, while 28 percent of respondents among hiring managers mentioned security engineering.

In 2024, manufacturing saw the highest share of cyberattacks among the leading industries worldwide. During the examined year, manufacturing companies encountered more than a quarter of the total cyberattacks. Organizations in the finance and insurance followed, with around 23 percent. Professional, business, and consumer services ranked third, with 18 percent of reported cyberattacks. Manufacturing industry and cyberattacks The industry of manufacturing has been in the center of cyberattacks in a long time. The share of cyberattacks targeting organizations in this sector in 2018 was at 10 percent, while in 2024, it amounted to 26 percent. The situation is even more compliacted when we look at the cyber vulnerabilities found in this sector. In 2024, critical vulnerabilities in manufacturing companies lasted 205 days on average. IT perspective and prevention With recent technology developments, cybersecurity is crucial to an organization’s success. Realizing this, companies have been gradually increasing cybersecurity investments. Thus, in 2024, the cybersecurity budget worldwide was forecast to increase to nearly 283 billion U.S. dollars. Roughly nine in ten board directors of companies worldwide in professional services and media and entertainment industries say they expect an increase in the cybersecurity budget.

In 2024, when asked which security skills are the most important to their cybersecurity organizations' needs, 46 percent of respondents placed data protection in their top five required skills. Another skill listed by 30 percent of the respondents was data collection and correlation (SIEM, SOAR).

Nearly every second Poland company recorded from one to three incidents related to security breaches in 2024, an increase compared to the previous year.

The AI in Cybersecurity Market estimated size and share is projected to exceed USD 219.53 billion by 2034, with a forecasted CAGR of 24.1% during the period.

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In 2024, the preferred cybersecurity solution to safeguard operational technology (OT) networks was network access control, highlighted by 64 percent of respondents, followed by internal network segmentation, selected by six out of 10 respondents. On the other hand, only 31 percent of OT professionals surveyed reported using threat intelligence as a cybersecurity solution.

Business' or organization's plans to take any new or additional cybersecurity actions over the next 12 months, by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, third quarter of 2024.

The study found that 52 percent of Poles did not take precautions online when working remotely or in a hybrid mode in 2024. Among them, 19 percent knowingly exposed their employers to cyber threats. Four different groups of employees were created who deal with digital risks in different ways. Thirty-three percent of employees could be identified as careless employees, 19 percent as risk-seekers. Only nearly one-third were responsible users and 16 percent were cautious but unaware of the risks. This means that over half of the respondents had risky use of digital services.

According to a survey conducted in Singapore between January and February 2024, 60 percent of surveyed organizations were at the formative stage of their cybersecurity readiness. In comparison, only one percent of companies were at the mature stage, and only seven percent of the organizations were at the beginner level.

In 2024, network security is expected to be the largest segment in the global cybersecurity market, accounting for 23 billion U.S. dollars. It was followed by vulnerability and security analytics, and identity access management, with a market revenue worth 16.9 and 16.3 billion U.S. dollars, respectively.

In 2023, spending in the cybersecurity industry reached around 80 billion U.S. dollars, with forecasts suggesting that the market will eclipse 87 billion U.S. dollars by 2024. Global spending on cybersecurity has been increasing since 2021.

Cybersecurity remains a priority

Since the outbreak of the COVID-19 pandemic, organizations worldwide have sent their employees into the home office for work. This decentralization of an organization’s IT landscape created new vulnerabilities of malicious actors to exploit which is concurred by IT professionals’ observation that there is an increase in cyber attacks following the COVID-19 pandemic. As a result, cybersecurity remains a priority among business leaders to ensure operability of the company and data security.

Cybersecurity solutions

Among solutions for cybersecurity are endpoint security, identity access management, data security, and network security. These technologies are leveraged to protect sensitive information and critical systems from attacks. More specifically, these measures are designed to protect threats originating both from inside and outside an organization. This underscores the need to think of cybersecurity as a comprehensive strategy made up of practices and technologies.

According to a 2024 survey, 63 percent of companies worldwide planned to increase their cybersecurity investment following a data breach. This represents a 12-percent increase from the previous year.

As of January 2024, about 21 percent of organizations in the United Kingdom reported experiencing a data breach accident once a month. A further 24 percent said they had encountered a data breach event less than once a month in the past 12 months. Meanwhile, 18 percent said they had experienced a data breach incident once a week.