Blockchain Security Statistics

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Steve Goldstein
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Blockchain Security Statistics 2023: Facts about Blockchain Security outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Blockchain Security, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Blockchain Security Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Blockchain Security Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 174 Blockchain Security Statistics on this page 🙂

Blockchain Security “Latest” Statistics

  • According to senior executives worldwide, barriers to blockchain are implementation (30%), regulatory issues (30%), and potential security threats (29%).[1]
  • 50% of IT executives were interested in implementing blockchain security measures.[1]
  • Data security and privacy, according to 68% of CEOs, require the most improvement to encourage the implementation of blockchain technology.[2]
  • According to 68% of Deloitte survey participants, the regulatory environment of today needs to improve security and data privacy.[2]
  • Approximately $2.1 billion in economic damages resulted from blockchain security incidents in 12 months, according to BCSEC data on blockchain assault occurrences.[3]
  • According to a 2019 research, security breaches have surged by 67% over the previous five years.[4]
  • When choosing a cloud provider, security is seen by 28% of businesses as being the most crucial factor.[4]
  • Incorporated AI security solutions are used by 28% of respondents, while proprietary AI algorithms are used by 30% and 42% of respondents either already use or intend to use by the end of the year.[4]
  • According to 50% of IT experts, the danger posed by ransomware and other cyber security concerns is just too great for their sector to manage.[4]
  • 55% of businesses do not demand compliance from third party IOT providers in terms of security and privacy.[4]
  • In order to adopt security technology, 57% of businesses with smaller security teams use the cloud.[4]
  • Securing access to private applications that are dispersed across datacenter and cloud environments is, according to 62% of enterprises, their largest application security concern.[4]
  • In 2019, 69% of CISOs at financial institutions want to boost expenditure on cyber security by 10% or more.[4]
  • According to 72% of enterprises, cloud migration is the top digital transformation objective that will affect their organization’s security.[4]
  • 73% of those surveyed said that they were in some manner testing AI use cases for cyber security.[4]
  • Due to the potentially sensitive nature of the material that may be exposed, 77% of respondents also believe that a cyber breach has the potential to have an effect on national security.[4]
  • Within the next three years, 84% of IT and security experts predict that assaults on the software supply chain would rank among the top cyber dangers.[4]
  • 85% of institutions agree that increased financing is necessary for it security to safeguard important research intellectual property.[4]
  • In the last 18 months, 98% of the firms questioned had a cloud security breach, an increase of 20% from the last 2020 research.[4]
  • The security community attributed well known apt organizations to almost 50% of the assaults.[4]
  • 47% of business IT security teams lack faith in their capacity to provide zero trust with the security technologies they now have.[4]
  • Over 90% of businesses wanting to outsource security will concentrate on detection and response services by 2024.[4]
  • By lowering tech time and enhancing threat detection with machine learning, security automation and AI may save firms more than 80% of the cost of manual protection.[4]
  • Blockchain may reduce maintenance expenses by as much as 30%, or as previously said, $12 billion.[5]
  • By 2030, the global cybersecurity spending will be $2 billion in a bid to mitigate these malicious attacks.[6]
  • Despite accounting for 13% of the market for cybercrime, small firms continue to make up the lowest share of investment in cybersecurity.[6]
  • In September 2017, Lin and Liao presented security issues of 51% attacks and some challenges, including fork problem, data synchronization and confirmation time, regulations, and integration cost problems.[7]

Blockchain Security “Statistics” Statistics

  • Statistics claim there is a 47% likelihood of breaches for personal data and roughly 31% for credentials.[4]
  • According to blockchain stats, 13% of people in charge of IT at large companies have made firm plans to implement blockchain into their companies’ daily dealings.[5]
  • Recent blockchain Compare Camp statistics for business indicate that 23% of respondents attribute their use of blockchain to value chains and innovative business models.[5]
  • According to Chainalysis statistics, the amount of DEFI transactions increased by 91.2% in 2021.[8]

Blockchain Security “Other” Statistics

  • According to Accenture (2020), 30% to 50% possible cost savings on compliance, a 50% potential cost savings on centralized operations, and a 50% potential cost savings on business operations were also mentioned.[1]
  • Energy consumption is a challenge for those who want to implement blockchain technology since blockchain miners consume 0.2% of the entire amount of power produced worldwide.[1]
  • Based on a study of 100 international firms that submitted patent applications, China accounted for 46% of worldwide blockchain patent applications.[1]
  • 58% of businesses claim that blockchain technology is simply one of several challenges they are examining when developing their digital asset strategy.[1]
  • According to 27% of UK logistics industry specialists, blockchain technology has medium significance to their industry, while 23% stated it has little relevance.[1]
  • China has the highest rate of adoption of blockchain as a major strategic objective, with 70% of respondents ranking it among their top five priorities.[1]
  • According to Price water house Coopers (2020), experts predict that blockchain will boost global GDP by $1.76 trillion by 2030, which is equivalent to 1.4% of global GDP.[1]
  • In 2020, Bitcoin dominated the market with 66% market capitalization, followed by Ether (8%), and Ripple (4%).[1]
  • North America contributed 46% of the market growth for blockchain technology in the world in 2020.[1]
  • According to a poll by Deloitte in 2020, 39% of top executives from across the globe indicated their firms had used blockchain technology.[1]
  • 87% of top executives from across the globe responded to a study saying that blockchain would enable them to advance deeper integration toward touchless business processes.[1]
  • Analysts forecast that 10% to 15% of global infrastructure will use blockchain technology within a decade.[1]
  • 50% of IT executives said that they were not interested in using blockchain technology.[1]
  • The biggest investment banks in the world may save $12 billion or 38% in yearly costs by using blockchain technology.[1]
  • 83% of businesses claimed to be “very or somewhat” confident in their ability to satisfy blockchain related financial reporting obligations.[1]
  • More than 80% believe that integrating touchless business operations, enhancing company functionality, and meeting financial reporting needs would be made possible by blockchain.[1]
  • While the majority of senior executives believe blockchain is poised for widespread adoption, just around 40% of them claim their business has already done so.[1]
  • According to Deloitte in 2019, 86% of respondents believe that blockchain will enable new company functions and income sources in their sector.[1]
  • Adoption of blockchain technology worldwide according to 88% of top executives, blockchain technology will ultimately be widely used.[1]
  • With 50% of all installations, private blockchain is the most widely used model in enterprises globally.[1]
  • With a CAGR of 54%, the professional services sector is anticipated to have the largest rise in blockchain expenditure.[1]
  • The biggest investment banks in the world said that blockchain technology may reduce central finance reporting costs by 70%.[1]
  • Permissioned blockchain and private blockchain, which together accounted for 45% of all worldwide deployments, are the next two.[1]
  • According to IDC (2020), worldwide spend on blockchain solutions is forecast to reach $17.9 billion by 2024 and will grow at a compound annual growth rate (CAGR) of 46.4%.[1]
  • According to Deloitte, 51% of respondents also said blockchain will help with enabling financial inclusion, while 48% believe it will help with conducting know-your-customer checks.[2]
  • 52% of professionals think blockchain would be crucial in the future for confirming consumer identification.[2]
  • Internal controls and financial reporting were mentioned as industry specific regulatory difficulties that needed to be modified by 57% of respondents.[2]
  • 93% of the pioneers said that they saw a strong economic rationale for using blockchain based cryptocurrencies and other digital assets inside their firms.[2]
  • By not adopting blockchain, 97% of pioneers feel their company would miss out on potential for competitive advantage, while 93% think it will pave the way for new income streams.[2]
  • 96% of financial services pioneers think blockchain is a globally scalable solution that has already attained mainstream acceptance, according to a Deloitte survey on the market adoption of blockchain in 2021.[2]
  • According to a 2019 Deloitte report on the blockchain sector, 86% of tech savvy executive teams think blockchain has a considerable commercial potential.[2]
  • According to Gartner, more than 300 million transactions had occurred in the blockchain landscape by 2017 alone, accounting for around 300 transactions overall.[2]
  • According to a report by Global Newswire, the global blockchain in manufacturing market size increased from around $49.50 million in 20231 to $85.64 billion in 2023.[2]
  • 51% of respondents believe that blockchain technology and digital assets are valuable for validating signatures and signing contracts, according to Deloitte.[2]
  • About 36% of respondents said the blockchain will be crucial for regulatory compliance, and 34% said it would increase their capacity to track money flows.[2]
  • The global blockchain market will be worth $1,431.54 billion by 2030, growing at a CAGR of approximately 85.9% between 2022 and 2030.[2]
  • Blockchain advocates from the FSI, however, were considerably more inclined to say it may be a scalable solution. 96%.[2]
  • As of 2020, the financial market is responsible for more than 30% of the total market value of the technology.[2]
  • In a follow up research conducted by Deloitte in 2021, just around 81% of executives still believed that blockchain technology was a scalable answer in general.[2]
  • Around 45% of all FSI respondents in the Deloitte 2021 blockchain study agreed that blockchain will be crucial to the safe transmission of information in the digital environment.[2]
  • According to the Deloitte global blockchain survey for 2021, 52% of all FSI respondents think blockchain has a great potential for confirming consumer billing instructions and preventing fraud.[2]
  • Blockchain is especially relevant right now since 61% of businesses are prioritizing digital transformation activities for development.[2]
  • In the next two years, 24% of businesses plan to spend between $5 million and $10 million in blockchain technology.[9]
  • 74% of tech savvy executive teams agree that blockchain technology has enormous commercial potential.[9]
  • By 2018, almost 90% of banks in the US and Europe had begun investigating the possibilities of blockchain.[9]
  • According to a survey of eight banks by Accenture Consulting, the potential savings on a cost base of $30 billion are more than $8 billion.[9]
  • According to one report, blockchain and crypto startups raised $3.9 billion through venture capital investments before the beginning of Q4 2018.[9]
  • Even more figures according to 88% of business executives, this technology is scalable and will ultimately enter the mainstream.[9]
  • 24% of the 1,000 surveyed companies reported that they planned to invest from $500,000 to less than $1 million, while 12% planned to spend $10 million or more.[9]
  • Bitcoin miners generate annual emissions of carbon dioxide of between 22 and 22.9 megatons, according to a Technical University of Munich study published in the journal Joule.[9]
  • Only 7.38% of bitcoin investors claim to have prior investment expertise, meaning that more than 80% of investors are amateurs.[9]
  • More than 60% of the present value of the global blockchain market is accounted for by the financial industry.[9]
  • Only a small portion of the 251 million transactions on the bitcoin blockchain (about 1.4% of all transactions).[3]
  • ISPS can monitor 60% of bitcoin traffic and have influence over the network’s present traffic.[3]
  • By the year 2020, crypto hacking assaults have approximately 80% lessened as a result of Coinhive’s shutdown.[10]
  • A large portion of the $14 billion in cryptocurrency lost in 2021 was undoubtedly caused by hacking activities using bitcoin.[10]
  • A mobile threat defense solution is used by 12% of respondents who provide corporate access via mobile devices to safeguard their users and business assets.[4]
  • In August 2020, 120,500 unique sender addresses were recorded, which is over 50% more than the previous record in 2019.[4]
  • In the first half of 2021, 121 ransomware instances were recorded, rising 64% over the previous year.[4]
  • Due to widespread problems including incorrectly configured data sources and missing fields, 15% of SIEM rules are faulty and never go off.[4]
  • Only 9% of firms use techniques to guard against internet based risks, and 20% of them don’t utilize any to protect distant users who are accessing the internet.[4]
  • 21% of businesses claim to have had an incident involving data-sharing providers. A targeted assault results in 22% of users being unable to access customer.[4]
  • 66% of firms want to boost their investment on zero trust projects, especially those involving microsegmentation.[4]
  • 68% of businesses reported data loss as a direct consequence of a targeted assault on their networks.[4]
  • 68% of businesses experienced endpoint assaults that effectively compromised their it infrastructure and/or data.[4]
  • For devices that were provided to employees, 68% of the firms polled did not install antivirus software.[4]
  • Lateral migration is involved in 70% of cybercrimes against assessed financial institutions.[4]
  • Financially motivated assaults are what 70% of financial institutions say they are most worried about.[4]
  • 77% of ransomware attempts that were successful entirely disregarded the target company’s antivirus defenses and used fileless tactics.[4]
  • According to 79% of financial institutions, skilled hackers are using highly focused social engineering assaults.[4]
  • Due to a cyber assault, 79% of institutions have had their reputations damaged and almost 74% have had to cease important research projects.[4]
  • In the cloud production settings, 80% of CISOs questioned were unable to spot inappropriate access to critical data.[4]
  • Executives depend on zero trust ideas 82% of the time to make digital transformation projects possible.[4]
  • Ransomware is a frequent danger to small to medium sized enterprises, according to 85% of MSPs.[4]
  • 90% of APT organizations successfully breach a company’s internal network through spear phishing.[4]
  • According to a 2017 IBM survey, 90% of governments worldwide have looked at the possibility of using blockchain technology.[4]
  • 90% of medical facilities reported an increase in ransomware infection rates between 2017 and 2018.[4]
  • 94% of businesses let both managed and uncontrolled devices to access company applications and assets remotely.[4]
  • A poll conducted in 2021 revealed that 52% of participants thought blockchain had a promising future for minimizing fraud and validating client billing instructions.[4]
  • For android devices, a separate research of VPN apps revealed that 75% of the apps employed third party tracking and that more than 38% of the apps included malware.[4]
  • According to a survey, 35% of VPNs expose users’ communications, 85% of free VPNs have rights or features that might jeopardize their privacy, and 18% may include malware or viruses.[4]
  • According to further data, endpoints are among the most often attacked, with 81% of businesses reporting that malware has infiltrated their machines.[4]
  • Advanced zero trust initiatives provide obvious advantages for organizations, such as increased organizational agility (52%).[4]
  • 58% of supply chain assaults sought to access data, mostly customer data including personal information and intellectual property, while approximately 16% sought to access people.[4]
  • The amount of fraudulent web application requests increased 88% between 2020 and 2021, more than doubling the growth rate year over year.[4]
  • The use of blockchain has led to a 20% decrease in transaction costs for consumer ticket purchases.[4]
  • Blockchain in healthcare industry are estimated to reach a total cost of $6.61 billion by 2025.[4]
  • Blockchain tech is predicted to generate an annual business value of over $175 billion by 2025.[4]
  • By 2022, zero trust network access will be used to access 80% of newly launched digital business apps made available to ecosystem partners.[4]
  • By 2025, service delivery that uses automation and artificial intelligence rather than solely human resources will account for more than 50% of the top consultancies’ income.[4]
  • By the end of 2022, the number of US adults who own at least one cryptocurrency will climb 19% to 33.7 million.[4]
  • China and France tied for third with 2% each, while Canada came in second with just 4% of assaults.[4]
  • Expenditures for cloud computing are increasing as 32% of IT budgets are anticipated to be devoted to cloud computing over the next 12 months.[4]
  • The value of cryptocurrency payments will increase worldwide by 70.5% to $10.40 billion in 2022.[4]
  • The number of ransomware attacks on energy utility companies has increased by 32% in the first quarter of 2020.[4]
  • The majority of recorded ransomware attacks in 2019 were against educational institutions, accounting for 61% of all assaults.[4]
  • According to one poll, the biggest issues with public clouds are 40% of the cost of cloud control.[4]
  • Insurance compared to 58% of big enterprises, just 21% of small businesses have a separate cyber insurance coverage.[4]
  • The number of new malware types for mobile devices surged by 54% in 2018, indicating that mobile malware is on the rise.[4]
  • Data phishing attempts caused more than 1,506 data breaches, compromising 164.68 million records, a 19.8% rise from 1,258 breaches in 2018.[4]
  • In March 2020, there were 52% assaults on the financial services industry, and of them, the Kryptik trojan was responsible for 70.9% of them.[4]
  • Communities with less than 50,000 population made up 45% of the ransomware activity among those municipal victims, while 24% had fewer than 15,000.[4]
  • By 2025, 36% of Europeans in the payments sector believe that blockchain will have an influence on this business and affect certain parts of it.[5]
  • 39% of respondents said that their firm faced regulatory challenges while deciding whether to boost investments in blockchain technology.[5]
  • In 2018, 52% of corporate respondents said their companies were concentrating on a permissioned blockchain approach.[5]
  • In 2020, 53% of C-level executives said that blockchain was essential to their company’s infrastructure.[5]
  • By 2025, commercial blockchain implementation will have been used by 55% of healthcare applications.[5]
  • By the end of 2022, 60% of CIOs from all industries plan to integrate blockchain into their infrastructure.[5]
  • 71% of corporate executives who use blockchain say it is essential to the development of technology.[5]
  • By the end of 2021, 77% of current players in the financial industry want to integrate blockchain into their operations or procedures.[5]
  • 77% of the CIOs polled said they either lacked interest in the technology or had no plans to use it in 2018.[5]
  • Ninety nine of Russian financial service providers want to integrate blockchain into their systems.[5]
  • By the end of 2020 in Russia, 99% of financial service businesses want to include blockchain into their operational systems.[5]
  • Blockchain growth figures predict that by 2024, expenditure will have increased to $19 billion.[5]
  • 77% of chief information officers have little interest in blockchain technology and no intentions to use it in their organizations this year at least.[5]
  • Bermuda is the best option for businesses looking to reduce their tax burden since there are no extra taxes above the 10% minimum payroll tax.[5]
  • Statistics on blockchain adoption indicate that 77% of participants in the financial industry will use the technology.[5]
  • With more than 15% of all bitcoin in its hands, the FBI is one of the biggest bitcoin holders in the world thanks to both of these sources.[5]
  • By 2025, blockchain technology would be used to handle 55% of the industry’s administrative demands given the many data breaches in healthcare.[5]
  • Blockchain adoption statistics show that half a percent of the human population is currently using blockchain technology, or somewhere around 40 million people.[5]
  • In 2018, 90% of banks in Europe and North America were already investigating how blockchain will impact their businesses.[5]
  • According to reports, the worldwide market for blockchain technology is anticipated to reach $20 billion by 2024.[11]
  • Bitcoin users can essentially commandeer a Bitcoin network if they’re able to control more than 50% of the computing power of a blockchain.[12]
  • From 2021 to 2031, it is anticipated that employment of software engineers, quality assurance analysts, and testers would expand by 25% overall, which is substantially faster than the average for all jobs.[13]
  • The number of items linked to the internet will rise from 14 billion to 25 billion by 2021, predicts Gartner.[6]
  • A research from the University of Sydney in Australia found that bitcoin enabled 76 billion illicit business transactions worldwide.[6]
  • 20% of the approximately 18.5 million bitcoins in existence, according to Chainalysis, have not been transferred from their individual addresses in five years or more.[14]
  • A Swedish man who admitted to wire fraud, securities fraud, and money laundering offenses allegedly stole $16 million in cryptocurrencies from at least 3,575 people.[14]
  • According to research by Trading Platforms UK, cryptocurrency hacks and thefts in 2020 involved $513 million worth of bitcoin and other cryptocurrencies.[14]
  • The 2021 Chainanalysis Crypto Crime report states that a sharp surge in theft and con games contributed to a 79% worldwide increase in crypto.[14]
  • In 2020, just 1% of all bitcoin activity, according to the Chainalysis Crypto Crime 2021 report, included illegal conduct.[14]
  • In the first half of 2021, there were 51.1 million cryptojacking hacks, according to a mid-year report.[14]
  • To access at least a 51% majority of a certain blockchain and change them all at once would take enormous amounts of processing power.[15]
  • If a miner or group of miners could pool sufficient funds, they might have more than 50% of the mining power of a blockchain network.[16]
  • Having control over the ledger and the capacity to modify it implies holding more than 50% of the power.[16]
  • The IRS criminal investigations department said in November that it had taken over $3.5 billion in cryptocurrencies in 2021, all of which were the result of non tax investigations, accounting for 93% of the total amount of money the division had confiscated during that time.[8]
  • Due to an increase in theft and frauds, losses from crypto related crime increased 79% from a year earlier.[8]
  • The greatest surprise of all might be the fact that the growth was just 79%, about an order of magnitude lower than total adoption, Chainalysis stated.[8]
  • EOS is more centralized and more vulnerable to 51% assaults since only a small number of the DPoS consensus algorithm’s delegates have the ability to vote and verify blocks.[7]
  • The market valuation of Ethereum, the second largest cryptocurrency at present, is equal to around 19% of that of Bitcoin.[7]
  • 25% of all Bitcoins (over 4 million BTC) have the potential to suffer a quantum attack.[7]
  • About 94.6% of contracts were determined to be susceptible in 2018 by Zeus, which employed symbolic model checking and abstract interpretation to test the fairness and ensure the validity of the smart contracts.[7]
  • With fewer than six and ten mining pools, respectively, controlling about 80% and 95% of the mining power for Ethereum and Bitcoin, respectively, Smartpool was created to address this issue.[7]

Also Read

How Useful is Blockchain Security

The fundamental principle behind blockchain security lies in its decentralized nature. Rather than relying on a single point of control, blockchain operates on a distributed network of computers known as nodes. Each node stores a copy of the entire blockchain ledger, which records all transactions in a chronological and immutable manner. In order for a transaction to be verified and added to the ledger, a majority of nodes on the network must reach a consensus, making it nearly impossible for a single entity to manipulate or alter the data.

This decentralized architecture provides a high level of security for blockchain applications, especially in industries like finance, healthcare, and supply chain management where sensitive data is at risk. Blockchain technology has the potential to prevent fraud, reduce operational costs, and increase transparency in these sectors by ensuring that every transaction is securely recorded and cannot be tampered with.

Moreover, blockchain’s use of cryptographic techniques adds an extra layer of security to the system. Each transaction is encrypted and linked to the previous transaction, creating a chain of blocks that is mathematically secure. This makes it virtually impossible for hackers to alter data without being detected, as any unauthorized changes to the blockchain would be rejected by the network.

Another important feature of blockchain security is its resistance to attacks. Due to the decentralized nature of the system, blockchain is inherently more resilient to cyber threats than centralized systems. Even if a single node is compromised, the rest of the network remains intact and can continue to function normally. This makes blockchain particularly useful in protecting sensitive data and preventing unauthorized access to critical information.

While blockchain security offers significant benefits, it is not without its limitations. One of the main challenges facing blockchain technology is scalability. As the number of transactions on the network increases, so does the size of the blockchain ledger, which can slow down transaction processing times and increase costs. In addition, the energy consumption required to power blockchain networks has raised concerns about the environmental impact of this technology.

Overall, blockchain security has proven to be a valuable asset in protecting data and ensuring the integrity of transactions. Its decentralized architecture, cryptographic techniques, and resistance to attacks make it a powerful tool for enhancing security in a variety of industries. However, as with any technology, there are trade-offs to consider, and ongoing research and development are needed to address the challenges faced by blockchain networks.


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