The Seven Industries Most Vulnerable
to Data Breaches and Cyber Attacks in 2023
2022 was among the most fraud riddled years in history. According to IBM, the global loss-per-single data breach reached a record-breaking average of $4.35 million. Every sector of the economy was affected and not a single industry was immune.
With 2023 now well underway, there are seven industries seriously vulnerable to cyber attacks and data breaches. And without proper protections in place, the $4.35 million per-breach experienced in 2022 may soon exceed $5 million.
7: Manufacturing – Among the least protected industries, manufacturers are vulnerable to IP theft, production sabotage and ransomware attacks.
6: Government – with the vast amounts of data the government procures, stores, and transfers, the government has been, and will continue to be a large target.
5: Energy and Utilities – Like manufacturing, this industry is woefully unprotected. Ransomware attacks, sabotage, PII and IP theft are all a major concern in 2023.
4: Education – Educational institutions hold large amounts of sensitive data like PII, student loan information, faculty records and research data.
3: Retail – Retailers hold massive quantities of customer data and are highly vulnerable to credit card and debit card fraud, especially online retailers.
2: Financial Services – Fraudsters target banks and credit unions because that’s where the money is. For every $1 in fraud, FIs incur over $4 in costs, and rising.
1: Healthcare – Patient data has become incredibly valuable to criminals. These data are used to commit identity theft or are sold on the dark web for big money.
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