CyberGuide - Information Security and Cyber Risk Management



Cyber Guide Loss Facts

Advisen Cyber Data by the Numbers

By Rebecca Gainsburg, Advisen

Loss Facts:

The Advisen loss database contains 140 thousand cyber loss cases, accounting for $50 billion in total loss value.

From 2006 to 2016 the frequency of recorded cyberattacks increased 420 percent in Advisen’s loss database.

The finance & insurance industry has the greatest value of cyber-related losses in Advisen’s database – $8 billion. The information sector and professional, scientific, and technical services sector have the second and third greatest total loss values – $6.7 billion and $6.5 billion, respectively.

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California, New York and Florida have the highest frequency of cyberattacks among all states –18,000, 10,000 and 8,000, respectively – according to Advisen data.

California, North Carolina and Georgie have the greatest loss values – $6.5 billion, $4.3 billion and $3.7 billion, respectively.

Graph explanation:
From 2015 to 2020, Privacy: Unauthorized contact or disclosure was the most frequent type of cyber-related loss among the five most affected industries – most prominent in the finance & insurance sector and the administration, support, waste management & remediation sector. Malicious data breaches were the second most frequent type of attack.

Graph explanation:
From 2015 to 2020, the finance & insurance industry saw the greatest percentage of cyber-related losses – 33 percent – followed by the administrative, support, waste management, and remediation services sector at 20 percent.

Graph explanation:
From 2015 to 2020, the administrative, support, waste management, and remediation services sector saw the greatest losses associated with cyberattacks of any industry – $3.4 billion. Cyber-related losses in the manufacturing, finance & insurance, transportation & warehousing and public administration industries ranged from $1.7 billion to $1.3 billion across the same time frame.

Graph explanation:
From 2015 to 2020, unauthorized contact or disclosure was the most common type of cyberattack across all industries, accounting for 49 percent of the losses recorded in Advisen’s database. Malicious data breaches were the second most frequent type of attack – accounting for 32 percent of cyberattacks on all industries during those years, according to Advisen data.

Data journalist Rebecca Gainsburg can be reached at rgainsburg@advisen.com