Incident Management Statistics

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

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Top Incident Management Statistics 2023

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Incident Management “Latest” Statistics

• 37% of businesses choose a managed service provider company; 46% are more likely to have an IR strategy in place and 80% of businesses with less than 500 workstations have cyber insurance.^[1]
• Companies with over 1,500 workstations are 49% more likely to have an IR strategy in place and 87% more likely to get cyber insurance.^[1]
• 96% of businesses regularly back up their data and 36% of businesses save their backup data offshore.^[1]
• According to IBM, it typically takes businesses 197 days to discover a breach and 69 days to manage it.^[1]
• Another encouraging figure is that 70% of businesses say they keep their system inventories current.^[1]
• Although 79% of businesses have insurance, fewer than 50% have incident response strategies.^[1]
• Daily backups were the most typical cadence on the data, at 43%, with weekly backups coming in second.^[1]
• 88% of businesses with incident response strategies also have cyber insurance, according to Twitter.^[1]
• 45% of the businesses surveyed had an incident response strategy in place.^[1]
• For instance, Houston Fire Department personnel witnessed a 25% decrease in fire apparatus hit at incident scenes and a 40% reduction in accident scene time after their training in 2018.^[2]
• 20% of annual on-duty firefighter fatalities are caused by being struck by a vehicle, which is also the second leading cause of unintentional death for law enforcement officers.^[3]
• Every minute that the first event remains a danger, the possibility of a subsequent collision rises by 28%, increasing the risk to driver and responder lives and making it significantly more difficult for rescuers to get to and from the site.^[3]
• Despite the fact that different sectors had various incidences, 10% of all money theft cases happened in banks.^[4]
• 30% of requests for inquiries were because of significant impacts on infrastructure, such as encrypted assets, financial losses, data breaches, or questionable communications.^[4]
• Alerts from security tool stacks: endpoint (EPP, EDR), network (NTA), and others generated over 50% of requests.^[4]
• In 75% of instances, suspicious files discovered by security operations and suspect endpoint activity resulted in the identification of an event, but suspicious network behaviors were false positives in 60% of cases.^[4]
• 100% of the occurrences of financial cybercrime and data leakage happened in CIS nations.^[4]
• You may concentrate your troubleshooting there if you see that diagnostics are taking up over 50% of the time.^[5]
• If your uptime isn’t above 99.99%, you’ll need to do further study, talk to your staff, and look at your processes, access, and technology.^[5]
• There is seldom 100% guaranteed uptime because of the growing interconnection of online services and the growing complexity of the systems themselves.^[5]
• Only 20% of businesses are looking into over 20 incidents per day while getting close to 70% of firms receive 100 or more danger warnings each day.^[6]
• In order to help with their incident response process, 82% of four in five respondents said they are likely to collaborate with a new partner. This suggests that third parties will continue to play an increasingly important role in the future.^[6]
• Increased assaults on the RDP and VPN services that are used for remote work (53%) and rapid adoption of cloud services (50%).^[6]
• Important aspects include only 48% of firms regularly practice security preparedness with corporate leadership.^[6]
• The top issues raised when questioned about the present threat environment were ransomware assaults exposure (57%), and endpoint visibility decreased because of workers working from home (54%).^[6]
• According to industry standards, 99.9% uptime is extremely good, while 99.99% is exceptional.^[7]
• As its safety culture develops, Controbax may set long-term objectives and aim for a 100% observation rate.^[8]
• This KPI demonstrates that 73% of incident management reports were proactive observations rather than reactive observations, which is a positive outcome.^[8]
• When working from home, 47% of workers identified distraction as the cause of falling for a phishing scam.^[9]
• 54% of businesses said their IT staff lack the sophistication to combat sophisticated assaults.^[9]
• The responsibilities of their jobs, according to 59% of cybersecurity experts, prevent them from keeping up with cybersecurity skills.^[9]
• 65% of cybercriminal organizations utilized spearphishing as their main infection method.^[9]
• 69% of businesses think their antivirus protection is ineffective against current online threats.^[9]
• As new GDPR requirements are implemented, 70% of businesses believe that the systems they have in place will not grow.^[9]
• Cybersecurity experts say that the skills gap has an influence on their company in proportion to 70%.^[9]
• 78% of businesses anticipate yearly growth in the number of regulatory compliance obligations.^[9]
• Government institutions and nongovernmental groups are the targets of 79% of nation-state attacks.^[9]
• 700 million people, or around 93% of all LinkedIn members, had their personal information compromised in a 2021 LinkedIn data breach.^[9]
• New malicious domains are utilized for around 20% of all attacks about a week following registration.^[9]
• Just 68% of available positions in the cybersecurity sector were filled as of February 2022, with almost 600,000 job opportunities.^[9]
• In 2021, almost 70% of breaches were driven by financial gain, while fewer than 5% were driven by espionage.^[9]
• The world’s population, which is around 40% offline, is a prime target for cyberattacks if and when they connect.^[9]
• Jobs for computer network architects in the U.S. are anticipated to increase by 5% between 2019 and 20.29.^[9]
• Between 2019 and 20.29, there will be a 9% anticipated reduction in the number of computer programmers employed in the U.S..^[9]
• According to reports, businesses spent $9 billion getting ready for the GDPR, and in 2018 UK FTSE 350 corporations spent around $2.4 million, or 40% of their GDPR expenditure, on legal teams and guidance.^[9]
• Prices for cyber insurance increased by 96% in the third quarter of 2021, or 204% year over year.^[9]
• In terms of the overall cost of data breaches from 2019 to 2020, Scandinavia showed the most rise at 12%, while South Africa saw the biggest decline at 7.4%.^[9]
• 52% of legal and compliance executives are worried about third-party cyber threats as a result of remote work.^[9]
• 43% of major businesses with over 10,000 workers spend between $250,000 and $999,999 on security, and 7% spend $250,000 or more yearly.^[9]
• Nearly 40% of breaches in 2021 included phishing, 11% included malware, and roughly 22% included hacking.^[9]
• Between 2019 and 2029, the number of information security analyst jobs in the U.S. is projected to increase by 31%.^[9]
• Nearly a quarter of all ransomware assaults target manufacturing enterprises, which are followed by professional services (17%) and government entities (13%).^[9]
• The most often targeted manipulation is Microsoft Office documents, with assaults increasing by 112%.^[9]
• Over 70% of security executives anticipate that their financial budgets will shrink.^[9]
• A 50% surge in global internet traffic is being attributed to lockdowns and remote work, creating new potential for cybercriminals.^[9]
• Sophos up to 42% of businesses suffer from cyber weariness or indifference about proactively guarding against intrusions.^[9]
• Living with the two kinds of harmful applications that are most commonly seen are entertainment (7%) and lifestyle (15%).^[9]
• Attacks against Symantec’s supply chain increased by over 100% over the previous year in 2021.^[9]
• Techcrunch 31% of customers believe their interactions with firms have generally improved since the GDPR came into effect.^[9]
• Around 0.05% of cybercriminals in the U.S. will be found and brought to justice, according to estimates.^[9]
• Each company’s overall cost of cybercrime grew by 12% from 11.7 million in 2017 to 13.0 million in 2018.^[9]
• Virus trojan horse Ramnit assaults made up 53% of all attacks in the financial industry in 2017 alone.^[9]

Also Read

How Useful is Incident Management

One of the key benefits of incident management is its ability to improve response times and minimize the impact of incidents. By establishing clear protocols and escalation procedures, organizations can ensure that incidents are identified and addressed in a timely manner. This is particularly important in the case of cyber-attacks, where every minute counts in preventing data breaches or unauthorized access to critical systems.

Additionally, incident management helps organizations effectively communicate and coordinate their response efforts. By establishing a centralized incident response team and communication channels, organizations can ensure that all relevant stakeholders are kept informed and involved throughout the incident lifecycle. This level of transparency and collaboration is crucial for resolving incidents efficiently and effectively.

Moreover, incident management plays a crucial role in facilitating post-incident analysis and learning. By conducting thorough root cause analyses and identifying areas for improvement, organizations can implement preventive measures to minimize the likelihood of similar incidents occurring in the future. This continuous improvement cycle is essential for building resilience and enhancing organizational preparedness.

Another significant advantage of incident management is its ability to enhance overall organizational resilience. By proactively identifying and addressing vulnerabilities, organizations can strengthen their defenses and better prepare for potential threats. This proactive approach not only helps prevent incidents from occurring but also enables organizations to respond more effectively when incidents do occur.

Furthermore, incident management can help organizations comply with regulatory requirements and industry standards. Many regulatory bodies and industry frameworks mandate the implementation of incident management practices to protect sensitive data and ensure business continuity. By adhering to these guidelines, organizations can avoid fines, penalties, and reputational damage resulting from non-compliance.

Overall, incident management is a critical component of modern business operations. By establishing robust incident management practices, organizations can enhance their response capabilities, mitigate risks, and improve overall resilience. In today’s fast-paced and interconnected world, the ability to effectively manage incidents is essential for maintaining a competitive edge and safeguarding corporate assets. Investing in incident management is not only a smart business decision but also an essential strategy for safeguarding organizational integrity and reputation.

Reference

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1. frsecure – https://frsecure.com/blog/incident-response-statistics-how-do-you-compare/
2. dot – https://highways.dot.gov/newsroom/half-million-emergency-responders-finish-fhwas-traffic-incident-management-training
3. dot – https://ops.fhwa.dot.gov/publications/fhwahop10010/presentation.htm
4. securelist – https://securelist.com/incident-response-analyst-report-2019/97974/
5. atlassian – https://www.atlassian.com/incident-management/kpis
6. kroll – https://www.kroll.com/en/insights/publications/cyber/state-of-incident-response
7. pagerduty – https://www.pagerduty.com/resources/learn/top-10-incident-management-metrics-2021/
8. quentic – https://www.quentic.com/articles/incident-management-data-facts-and-figures-from-a-to-z/
9. varonis – https://www.varonis.com/blog/cybersecurity-statistics