Encryption Statistics


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Encryption Statistics 2023: Facts about Encryption outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Encryption, 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 Encryption 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.

Please read the page carefully and don’t miss any words.

Top Encryption Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 38 Encryption Statistics on this page 🙂

Encryption “Latest” Statistics

  • According to the most recent statistics, more than half of websites use the more sophisticated HTTPS protocol, which roughly 95% of websites use.[1]
  • Statistics on SSL security reveal that 86% of businesses undergo BEC business email compromise assaults, and almost 90% of businesses experience phishing attempts.[1]
  • The market for IT security may expand at a pace of 8.5%, reaching $170.4 billion by 2022.[1]
  • In addition, 36% of reported incidents in 2021 featured phishing, an 11% rise from the year before.[1]
  • The prevalence of phishing URLs on mobile devices has drastically grown, reaching 85%.[1]
  • Over 90% of online traffic is encrypted in the majority of nations, and most companies utilize SSL certificates.[1]
  • 27% of businesses only partly encrypted their internet interactions.[1]
  • For other systems and platforms, Windows at 97% and Android at 95%.[1]
  • Between Q2 2018 and Q2 2019, the number of HTTPS websites hosting harmful material increased by 167%.[1]
  • Compared to attachment-based assaults, URL-based attacks are two times more common in email threats, and even HTTPS URLs are not 100% protected.[1]
  • Although it’s hard to know for sure how many websites really have SSL and how many don’t, statistics suggest that more than 95% of those that Google index have the certificate.[1]
  • The adversary in the bounded retrieval model has malware on the message sender’s machine that can leak a certain quantity of data, such as 10% of the hard drive’s size.[2]
  • 80% of security professionals said it would be difficult to locate employees with security abilities in 2019, according to the 2019 Global Encryption Trends Study by nCipher Security.[3]
  • IDC, an analyst group, projects that enterprises globally will spend 9.4% more on security gear, software, and services in 2019 than they did in 2018.[3]
  • Emerging problems and blind spots ideal techniques helped reduce ransomware attacks by 20% in 2018.[3]
  • 82% of CEOs claim to have an extensive understanding of cybersecurity in a survey of 263 top executives at organizations throughout the globe.[3]
  • 97% of financial services professionals express concern about third-party risks.[3]
  • Only 21% of respondents think the government is ready to react to a breach of such vital infrastructure.[3]
  • Less than one-third of them, or 30%, believe that future customers will be able to safeguard their privacy and identities.[3]
  • Compared to firms with a mature SecOps program, 40% of personnel at organizations with immature SecOps procedures have coding expertise.[3]
  • 84% of CIOs and CTOs in the same poll stated the same degree of cybersecurity knowledge.[3]
  • 20% of respondents said their firms were attacked six or more times a year, and 80% reported having at least one cybersecurity event that was that serious.[3]
  • For certain applications and data types, such as those listed above, 42% of respondents have implemented encryption slightly more restrictedly.[3]
  • On their mobile devices, 43% of people claimed to have often seen advertisements for a recent chat.[3]
  • 60% of respondents said it had a detrimental effect on incident detection and response. 53% said it led to unsafe setups, while 42% claimed that a lack of knowledge prevented them from turning security information into intelligence.[3]
  • According to IDC, spending will continue to increase at a 9.2% compound annual growth rate and reach 133 billion in 2022.[3]
  • Microsoft Office documents, which were used to hide malware 45% of the time, were followed by Windows programs, which were utilized 26% of the time.[3]
  • 80% said they had just begun or were halfway through their maturation process.[3]
  • 94% of respondents in the same group stated they would be more open to sharing threat information if there were clear advantages.[3]
  • According to a 2019 global data risk analysis, approximately 300 billion passwords will need to be secured globally by 20.[4]
  • A startling 53% of businesses left over 1,000 important files and folders available to all of their workers, according to research by Varonis.[4]
  • 65% of businesses don’t know where critical data is housed across various clouds, according to Entrust’s 2021 research.[4]
  • 60% of the firms examined in Ponemon’s 2021 research admitted to transferring sensitive files to the cloud, regardless of whether they are encrypted or rendered unreadable by data masking or tokenization.[4]
  • According to Statista’s 2020 survey, 56% of business respondents claimed they use substantial encryption for their online connections.[4]
  • 56% of respondents in the Ponemon institute’s survey said that managing encryption keys is difficult.[4]
  • Over 2/3 firms are utilizing two or more public clouds, and 65% of respondents said they have trouble locating sensitive data across numerous clouds.[5]
  • The Ponemon Institute discovered that enterprises passed a new milestone, with 50% saying that they had an overall encryption strategy that is implemented regularly after 16 years of conducting the Global Encryption Trends Study.[5]
  • 42% of respondents actually use encryption for customer data, making it the fifth most common kind that businesses encrypt.[5]

Also Read

How Useful is Encryption

At its core, encryption is the process of converting plain text or data into an unreadable format using a cryptographic algorithm. This transformation provides a shield against unauthorized access or interception, safeguarding the privacy and security of the data. By scrambling the information in a way that can only be deciphered by those with the necessary decryption key, encryption acts as a powerful tool in preventing unauthorized users from gaining access to valuable or confidential data.

One of the key benefits of encryption is its ability to protect data both at rest and in transit. When data is encrypted at rest, it is stored in an encrypted format on servers, hard drives, or other storage devices, rendering it unreadable to anyone without the decryption key. This provides an added layer of security in the event that a device is lost or stolen, as the data remains protected even if physical access is obtained.

Encryption is also essential for securing data as it moves between devices and networks. Whether it’s sending an email, making an online purchase, or accessing a cloud-based service, encryption ensures that sensitive information remains secure throughout its journey. By encrypting data in transit, organizations can prevent eavesdroppers or hackers from intercepting and exploiting the information as it travels across the internet.

In addition to protecting data from external threats, encryption also plays a critical role in ensuring the authenticity and integrity of information. By incorporating digital signatures and cryptographic certificates, encryption can verify the identity of both parties involved in a communication and detect any unauthorized tampering or modification of the data. This helps to build trust and confidence in the accuracy and reliability of the information being exchanged, particularly in sensitive or high-stakes transactions.

While encryption is a powerful tool for enhancing data security and privacy, its effectiveness is not without its challenges. Encryption can be resource-intensive, requiring substantial computational power and storage capacity to implement and maintain. This can pose barriers for organizations with limited resources or technical expertise, making it difficult to achieve comprehensive protection across all data assets.

Moreover, encryption can also complicate the process of data management and information sharing, as encrypted data may be difficult to access or modify without the appropriate decryption key. This can create logistical hurdles for legitimate users trying to access encrypted information, particularly in situations where rapid collaboration or data retrieval is required.

Despite these challenges, the benefits of encryption far outweigh the potential drawbacks when it comes to safeguarding sensitive information in today’s digital landscape. As cyber threats continue to evolve and grow in sophistication, encryption remains a critical tool for protecting data from unauthorized access, interception, or alteration. By investing in robust encryption solutions and developing strong encryption practices, individuals and organizations can enhance their security posture and build resilience against emerging threats.

Reference

  1. serpwatch – https://serpwatch.io/blog/ssl-stats/
  2. stanford – https://statistics.stanford.edu/events/big-key-encryption-and-thorp-shuffle
  3. techbeacon – https://techbeacon.com/security/31-cybersecurity-stats-matter
  4. comparitech – https://www.comparitech.com/blog/information-security/encryption-statistics/
  5. entrust – https://www.entrust.com/lp/en/global-encryption-trends-study

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