FEED Summer 2023 Web

SPLIT BY SECTOR

Of the types of organisations affected, 52% of those in information and communications firms reported a cyberattack in 2022. That’s compared to 47% in administration and real estate and 54% in finance and insurance.

Given these numbers, it’s probably safe to assume that hackers don’t discriminate much between sectors. Still, it’s important to note that financial information (as well as medical records) is an obvious target.

Within admin/real estate

Within finance/ insurance

Business overall

Within micro firms

Within small firms

Within medium firms

Within large firms

Within info/comms

Charities overall

39%

36%

48%

59%

72%

47%

54%

52%

30%

Number of companies reporting attacks, by industry

Characteristic

2020

2021

2022

But how many cyberattacks are actually reported? In the tech industry, 86 companies reported cyberattacks in 2022, up from 67 just two years prior. This number is far lower than that of healthcare (344) and financial services (268), but is nonetheless cause for valid concern.

Healthcare

306 138

330 279 308

344 268 251

Financial services

Other

172

Unknown

4

Manufacturing and utilities

70

222 184 125

249 224 100

Professional services

144

Education Technology Government

42 67 47 31 53

79 66 86

86 74

Non-profit/NGO

71

Retail

102

65 36 34

Transportation

21 17

44 33

Hospitality

Max Min

75th percentile Average 25th percentile

More mature

Level 4 Proactive approach

Level 3 Advanced foundations

Industries vary in their approaches to cybersecurity threats, as well as in their readiness to handle them. Somewhat alarmingly, ‘technology, media and telecommunications’ (TMT) has the lowest average cyber maturity of all industries, according to McKinsey. That being said, maturity levels vary widely within the sector. But on the whole, TMT has a long way to go to achieve a ‘proactive approach’ when it comes to cybersecurity.

Level 2 Mature foundations

Level 1 Ad hoc management

Level 0 Zero capabilities

Less mature

Healthcare

Banking

Industrial

Insurance

Consumer

Other

TMT

Cybersecurity maturity level, industry sector breakdown, score (0 = love, 4 = high) (n = 114)

feedmagazine.tv

Powered by