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The Likelihood of a Cyber Attack Compared

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Cyber attacks are costly from all points. Payment information, customer data and other types of sensitive data are at risk when attackers make their way into seemingly secure areas. Major breaches like the Facebook Cambridge Analytics incident and the huge Equifax breach are stark reminders that everyone is capable of becoming a victim. In fact, there is an estimated cyber attack every 39 seconds and the average cost of a data breach is estimated to exceed $150 million by 2020.

Despite all of this, some companies and individuals don’t always take the necessary precautions to protect themselves from cyber attacks despite its impact and likelihood being very high. This is especially true with the rapid advancement of technology and increasing connectivity to the IoT with smart appliances and smart cars. People may not be as cautious since they simply don’t’ believe it will happen to them.

In response, Varonis took a look at how likely a cyber attack is compared to other events most people feel won’t happen to them. The stats don’t lie—cyber attacks are actually one of the most likely things to happen to you. These types of attacks are actually more likely to occur in comparison to a home burglary or invasion! Take a look at the visual to see where cyber attacks stack up against other seemingly impossible events.

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likelihood of a cyber attack

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John DeCleene
Whilst having spent a lot of his life in Asia, John DeCleene has lived and studied all over the world - including spells in Hong Kong, Mexico, The U.S. and China. He graduated with a BA in Political Science from Tulane University in 2016. Fluent in English and proficient in Mandarin and Spanish, he can communicate and connect with most of the world’s population too, and this certainly helped John as he gained work experience interning for the U.S.-Taiwan Business counsel in Washington D.C. as an investment analyst and then working alongside U.S. Senator Robert P. Casey of Pennsylvania as a legislative intern. He subsequently worked as a business analyst for a mutual fund in Singapore, where his passion for travel and aptitude for creating connections between opportunities and ideas was the perfect intersection of natural ability and experience, spending his time travelling between Cambodia, Hong Kong, and China investigating and discovering untapped investment opportunities. John is a fund manager for OCIM’s fintech fund, and currently progressing towards becoming a CFA charter holder. He loves to travel for business and pleasure, having visited 38 countries (including North Korea); he represents the new breed of global citizen for the 21st century.

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