Key Highlights
- The global estimation of internet users reached 5.07 billion in 2023
- The average global business email compromise loss per incident is estimated at $75,000
- Approximately 90% of cyber attacks start with phishing emails
- The global cloud services market is estimated to grow to $832 billion by 2025
- It is estimated that 60% of small businesses close within six months after a cyber attack
- The number of connected IoT devices worldwide is estimated to reach 25 billion by 2025
- The total amount of data created, captured, copied, or consumed globally is projected to reach 181 zettabytes by 2025
- The average cost of a data breach in 2023 is estimated at $4.45 million globally
- As of 2023, 83% of enterprise workloads are in the cloud
- The estimated annual global spending on cybersecurity is over $200 billion
- Around 70% of data breaches involve a human element, such as employee negligence or social engineering
- Small businesses represent over 50% of cyber attack victims worldwide
- The probability of a successful cyber attack on an unpatched system is estimated at 70%
With over 5 billion internet users worldwide and cybercrime costs projected to reach $8.4 trillion by 2025, understanding estimations in cybersecurity is crucial to navigating an increasingly perilous digital landscape.
Cloud and IoT Security
- As of 2023, 83% of enterprise workloads are in the cloud
Cloud and IoT Security Interpretation
Cybersecurity Threats and Incidents
- The average global business email compromise loss per incident is estimated at $75,000
- Approximately 90% of cyber attacks start with phishing emails
- It is estimated that 60% of small businesses close within six months after a cyber attack
- Small businesses represent over 50% of cyber attack victims worldwide
- The probability of a successful cyber attack on an unpatched system is estimated at 70%
- 42% of cyber attacks target small businesses
- Over 2 million new malicious files are detected daily
- It is estimated that 91% of cyber attack victims are websites, applications, or networks running WordPress
- 60% of organizations do not have an incident response plan in place, increasing incident resolution time
- 65% of enterprises have experienced a security incident due to supply chain vulnerabilities
- The average time to resolve a cybersecurity incident is 24 hours
- 80% of security breaches are financially motivated
- The number of IoT devices vulnerable to cyber attacks is estimated at over 7 billion in 2023
- 75% of organizations believe their cybersecurity risks are increasing
- Digital fraud losses globally are projected to reach $40 billion annually by 2025
- The number of mobile malware attacks increased by 30% in 2023
- The average cost of cybercrime for small to medium-sized businesses is estimated at $200,000
- An estimated 80% of cybersecurity breaches could be prevented with proper security measures
Cybersecurity Threats and Incidents Interpretation
Data Breaches and Human Factors
- The average cost of a data breach in 2023 is estimated at $4.45 million globally
- Around 70% of data breaches involve a human element, such as employee negligence or social engineering
- By 2024, phishing attacks are expected to account for over 90% of data breaches involving social engineering
- 68% of Americans do not change their passwords regularly, increasing vulnerability to cyber threats
- The average time to identify and contain a data breach is 287 days
- 40% of organizations have experienced a data breach caused by a third-party vendor
- The average cost per record of a data breach is $150
- 81% of hacking-related breaches leverage stolen or weak passwords
- Phishing attacks account for 30% of data breaches in 2023
- Over 60% of cybersecurity breaches are caused by insider threats
Data Breaches and Human Factors Interpretation
Emerging Technologies and Workforce Challenges
- Cybersecurity staffing shortages are expected to reach 1.8 million globally by 2025
Emerging Technologies and Workforce Challenges Interpretation
Market Size and Investment in Cybersecurity
- The global estimation of internet users reached 5.07 billion in 2023
- The global cloud services market is estimated to grow to $832 billion by 2025
- The number of connected IoT devices worldwide is estimated to reach 25 billion by 2025
- The total amount of data created, captured, copied, or consumed globally is projected to reach 181 zettabytes by 2025
- The estimated annual global spending on cybersecurity is over $200 billion
- The market for AI in cybersecurity is projected to reach $46 billion by 2027
- The global ransomware damage costs are predicted to reach $20 billion by 2025
- The number of annual cyber security job openings worldwide is expected to exceed 3 million by 2025
- The global annual cost of cybercrime is estimated to be $8.4 trillion by 2025
- The percentage of businesses implementing multi-factor authentication is estimated at 85% in 2023
Market Size and Investment in Cybersecurity Interpretation
Sources & References
- Reference 1STATISTAResearch Publication(2024)Visit source
- Reference 2IBMResearch Publication(2024)Visit source
- Reference 3CISCOResearch Publication(2024)Visit source
- Reference 4GARTNERResearch Publication(2024)Visit source
- Reference 5FBIResearch Publication(2024)Visit source
- Reference 6FLEXERAResearch Publication(2024)Visit source
- Reference 7VERIZONResearch Publication(2024)Visit source
- Reference 8US-CERTResearch Publication(2024)Visit source
- Reference 9CISECURITYResearch Publication(2024)Visit source
- Reference 10MARKETDATAFORECASTResearch Publication(2024)Visit source
- Reference 11CHECKPOINTResearch Publication(2024)Visit source
- Reference 12SYMANTECResearch Publication(2024)Visit source
- Reference 13WPTAVERNResearch Publication(2024)Visit source
- Reference 14CYBERSECURITYVENTURESResearch Publication(2024)Visit source
- Reference 15CSOONLINEResearch Publication(2024)Visit source
- Reference 16TECHREPUBLICResearch Publication(2024)Visit source
- Reference 17PALOALTONETWORKSResearch Publication(2024)Visit source
- Reference 18SECURITYBRIEFResearch Publication(2024)Visit source
- Reference 19SECURITYINTELLIGENCEResearch Publication(2024)Visit source
- Reference 20ATKEARNEYResearch Publication(2024)Visit source
- Reference 21ALLIEDMARKETRESEARCHResearch Publication(2024)Visit source
- Reference 22PWCResearch Publication(2024)Visit source
- Reference 23MOBILEWORLDLIVEResearch Publication(2024)Visit source
- Reference 24GETCYBERSAFEResearch Publication(2024)Visit source