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Annual Cybersecurity Report

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After reading this ebook, you will discover:

  • How your business may be vulnerable to cyber threats
  • Which cyber threats are the most concerning
  • How ransomware leads to data breaches
  • How much a ransomware attack can cost your business
  • How you can prevent ransomware and protect your business
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About this e-book

Cybersecurity Risks

Phishing as a service (PaaS)

This service creates fake websites that facilitate the theft of sensitive information from victims, such as credentials or credit card numbers. PaaS is popular because criminals aren’t required to be experienced programmers.

Malware as a service (MaaS) 

Attackers pay to learn which malware is most successful malware and the best loopholes for programs to work. They can use botnets to carry out targeted attacks on any victim without having to understand programming.

 

Ransomware as a service (RaaS)

This extremely successful business model rents ransomware and its control infrastructure to cybercriminals. RaaS programs can include ransomware customization tools, private forums to exchange information, and compiled ransomware or its source code. 

By the numbers

  • In 2021 and 2022, ransomware was the top attack type.
  • The frequency of data breaches caused by ransomware increased from 7.8% in 2021 to 11% in 2022.
  • The United States is the #1 target country for ransomware attacks with 39.1% of global attacks.
  • The average cost of a ransomware attack (without the ransom cost) was $4.54 million, which is slightly higher than the average total cost of a data breach ($4.35 million).

Frequently Asked Questions (FAQs)

Why must businesses be aware of cybersecurity threats?

Cyber criminals have become more and more savvy.

Ecommerce businesses need to be wary and educated about the types of threats because you may not see a cybercriminal coming. Today’s criminals have created a series of schemes to try and outwit consumers and business owners. And the reality is that ecommerce businesses bear the brunt of the impact. 

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Why do I need to fill out the information requested?

We will always keep your personal information safe.

We ask for your information in exchange for this valuable resource to improve your website user experience and send you additional information that is related to this topic and growing your business. You can read more about our privacy policy here.

Is this actually free?

Of course it is!

We are simply sharing our industry knowledge that our clients and team members find helpful. Let us know if you have any additional fraud or ecommerce questions.

Fill out the form and optimize your fraud prevention process today!

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