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.

On this page, you’ll learn about the following:

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

Encryption is incredibly useful in protecting data from unauthorized access and ensuring confidentiality. By scrambling data into an unreadable format, encryption provides a layer of security that is essential in safeguarding sensitive information. This is particularly important in contexts where personal information, financial details, or government secrets are at risk of being compromised. As technology advances and cyber threats become more sophisticated, encryption plays a crucial role in staying one step ahead of potential security breaches.

Furthermore, encryption allows for secure communication channels, whether through emails, messaging apps, or online platforms. It ensures that only the intended recipients have access to the content of the messages, protecting against interception and eavesdropping by malicious third parties. In a world where communication is increasingly conducted over digital platforms, the ability to encrypt messages has never been more critical in maintaining privacy and confidentiality.

Another significant benefit of encryption lies in online transactions, particularly in the e-commerce industry. By encrypting financial information such as credit card details, encryption ensures that sensitive data remains secure during the payment process. This not only builds trust between consumers and businesses but also helps to protect against fraud and identity theft, which can have serious consequences for individuals and organizations alike.

In addition to data protection and secure communication, encryption serves a vital role in maintaining the integrity of information. By verifying the authenticity of data and ensuring that it has not been tampered with during transmission, encryption helps to build trust and confidence in the reliability of digital information. This is particularly important in sectors such as healthcare, finance, and government, where the accuracy and security of information are of paramount importance.

Despite its numerous benefits, encryption is not without its challenges. One key concern is the potential for encryption to be misused by malicious actors for nefarious purposes. Criminal organizations and terrorist groups may use encryption to conceal illegal activities or communications, making it difficult for law enforcement and intelligence agencies to monitor and prevent crimes. This has sparked debates around the balance between privacy and security, with concerns that too much encryption may hinder efforts to combat threats to national security.

Furthermore, encryption can pose challenges for law enforcement agencies seeking to access encrypted data during criminal investigations. The debate around backdoor access to encrypted information has raised questions about the trade-offs between individual privacy rights and national security concerns. Finding a delicate balance between these competing interests remains an ongoing challenge in the digital age.

In conclusion, encryption is an essential tool for protecting data, ensuring secure communication, and maintaining the integrity of digital information. Its usefulness in safeguarding sensitive information cannot be understated, particularly in a world where cyber threats are on the rise. However, the potential for encryption to be misused and the challenges it poses to law enforcement highlight the need for ongoing dialogue and collaboration to address these complexities. Only by navigating these challenges thoughtfully and collaboratively can we fully harness the benefits of encryption while mitigating its potential risks.

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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