GITNUXREPORT 2025

It Security Industry Statistics

Cybersecurity market hits $167 billion; threats, costs, and AI rise sharply.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

Our Commitment to Accuracy

Rigorous fact-checking • Reputable sources • Regular updatesLearn more

Statistic 1

The number of interconnected IoT devices will reach 14.4 billion by the end of 2023

Statistic 2

The use of artificial intelligence in cybersecurity increased by 56% in 2023

Statistic 3

91% of cybersecurity professionals believe AI will be critical in the fight against cybercrime

Statistic 4

The adoption of zero-trust security models increased by 47% in 2023

Statistic 5

The use of biometric authentication for access control increased by 42% in 2023

Statistic 6

Ransomware attacks have increased by 105% in 2023

Statistic 7

85% of cybersecurity breaches are caused by human error

Statistic 8

70% of organizations have experienced a phishing attack in the past year

Statistic 9

60% of cybersecurity incidents are detected within minutes, but 40% are discovered months later

Statistic 10

43% of cyberattacks target small businesses

Statistic 11

86% of data breaches are financially motivated

Statistic 12

30% of companies say cyber attacks caused operational disruptions in 2023

Statistic 13

The number of cyberattacks per day exceeds 2,000,000

Statistic 14

23% of businesses experienced a data breach due to an insider threat in 2023

Statistic 15

76% of security breaches involve unauthorized access to data

Statistic 16

The healthcare sector experienced a 55% increase in cyberattacks in 2023

Statistic 17

The average phishing email success rate is 30%

Statistic 18

55% of companies suffered a credential theft incident in 2023

Statistic 19

The most targeted industries for cyberattacks are finance, healthcare, and retail

Statistic 20

59% of organizations have experienced a third-party cyberattack

Statistic 21

The average time to identify a breach is 212 days

Statistic 22

35% of cyberattacks involve supply chain vulnerabilities

Statistic 23

44% of organizations experienced at least one ransomware attack in 2023

Statistic 24

65% of companies have experienced a phishing attack in the past year

Statistic 25

54% of data breaches are caused by third-party vendors or partners

Statistic 26

The number of reported cyber incidents increased by 23% in 2023

Statistic 27

The percentage of IoT devices with proper security patches is only 12%

Statistic 28

The global cybersecurity market is valued at approximately $167.1 billion in 2023

Statistic 29

The average cost of a data breach in 2023 is $4.45 million

Statistic 30

The global cost of cybercrime is expected to reach $10.5 trillion annually by 2025

Statistic 31

Cybersecurity spending is projected to reach $165.4 billion in 2024

Statistic 32

70% of organizations have increased their cybersecurity budget in 2023

Statistic 33

The global cybersecurity workforce shortage is projected to reach 3.4 million by 2025

Statistic 34

53% of organizations report that their cybersecurity incidents have led to financial losses

Statistic 35

71% of enterprises plan to increase cybersecurity budgets in 2024

Statistic 36

66% of organizations use cloud access security brokers (CASBs) to enforce security policies

Statistic 37

The average cost of a ransomware attack is $4.5 million

Statistic 38

78% of organizations have increased cybersecurity spending post-2022

Statistic 39

51% of organizations lack an incident response plan

Statistic 40

Only 10% of the global population has cybersecurity awareness training

Statistic 41

57% of organizations report a shortage of cybersecurity talent

Statistic 42

92% of organizations say their security posture has become more complex in past year

Statistic 43

63% of organizations are actively deploying endpoint detection and response (EDR) solutions

Statistic 44

74% of organizations use multi-factor authentication (MFA)

Statistic 45

Only 24% of company boards have cybersecurity as a top priority

Statistic 46

85% of organizations have implemented some form of security automation

Statistic 47

80% of firms say their cybersecurity staff are overwhelmed

Statistic 48

72% of small businesses report they are underprepared for cybersecurity threats

Statistic 49

Over 60% of organizations have adopted a formal cybersecurity framework

Statistic 50

67% of cybersecurity professionals see a high or critical shortage of skills in their organizations

Statistic 51

68% of business leaders believe their cybersecurity risks are increasing

Statistic 52

81% of hacking-related breaches leveraged stolen or compromised credentials

Statistic 53

92% of malware is delivered via email

Statistic 54

The most common cybersecurity attack vector is email phishing, at 91% of attacks

Statistic 55

94% of malware is delivered via email or malicious websites

Statistic 56

45% of organizations face challenges in cloud security

Statistic 57

80% of advanced cyber threats go undetected by traditional security solutions

Statistic 58

The number of malicious mobile apps increased by 40% in 2023

Statistic 59

40% of breaches involve social engineering tactics

Slide 1 of 59

Sources

Our Reports have been cited by:

Trust Badges - Publications that have cited our reports

Key Highlights

The global cybersecurity market is valued at approximately $167.1 billion in 2023
68% of business leaders believe their cybersecurity risks are increasing
Ransomware attacks have increased by 105% in 2023
85% of cybersecurity breaches are caused by human error
The average cost of a data breach in 2023 is $4.45 million
70% of organizations have experienced a phishing attack in the past year
60% of cybersecurity incidents are detected within minutes, but 40% are discovered months later
The number of interconnected IoT devices will reach 14.4 billion by the end of 2023
81% of hacking-related breaches leveraged stolen or compromised credentials
92% of malware is delivered via email
The most common cybersecurity attack vector is email phishing, at 91% of attacks
51% of organizations lack an incident response plan
43% of cyberattacks target small businesses

With cyber threats escalating at an alarming rate and the global cybersecurity market projected to reach over $167 billion in 2023, the ever-growing complexity, human vulnerabilities, and evolving attack methods underscore the urgent need for organizations to bolster their security measures and talent readiness.

Emerging Technologies and Trends

The number of interconnected IoT devices will reach 14.4 billion by the end of 2023
The use of artificial intelligence in cybersecurity increased by 56% in 2023
91% of cybersecurity professionals believe AI will be critical in the fight against cybercrime
The adoption of zero-trust security models increased by 47% in 2023
The use of biometric authentication for access control increased by 42% in 2023

Emerging Technologies and Trends Interpretation

With over 14.4 billion interconnected devices, a 56% surge in AI cybersecurity applications, and nearly all professionals recognizing AI's critical role, it's clear that in 2023, the industry is increasingly trusting humans and machines alike to keep the digital fortress secure—though perhaps the real question is, who’s keeping whom safe?

Incident Statistics and Industry-Specific Data

Ransomware attacks have increased by 105% in 2023
85% of cybersecurity breaches are caused by human error
70% of organizations have experienced a phishing attack in the past year
60% of cybersecurity incidents are detected within minutes, but 40% are discovered months later
43% of cyberattacks target small businesses
86% of data breaches are financially motivated
30% of companies say cyber attacks caused operational disruptions in 2023
The number of cyberattacks per day exceeds 2,000,000
23% of businesses experienced a data breach due to an insider threat in 2023
76% of security breaches involve unauthorized access to data
The healthcare sector experienced a 55% increase in cyberattacks in 2023
The average phishing email success rate is 30%
55% of companies suffered a credential theft incident in 2023
The most targeted industries for cyberattacks are finance, healthcare, and retail
59% of organizations have experienced a third-party cyberattack
The average time to identify a breach is 212 days
35% of cyberattacks involve supply chain vulnerabilities
44% of organizations experienced at least one ransomware attack in 2023
65% of companies have experienced a phishing attack in the past year
54% of data breaches are caused by third-party vendors or partners
The number of reported cyber incidents increased by 23% in 2023
The percentage of IoT devices with proper security patches is only 12%

Incident Statistics and Industry-Specific Data Interpretation

With daily over two million cyberattacks—ransomware surging by 105%, human error causing 85% of breaches, and IoT devices dangerously underpatched at just 12%—it's clear that in 2023, cybersecurity is less about if you'll get targeted and more about whether you'll notice it before months of damage occur.

Market Size and Financial Impact

The global cybersecurity market is valued at approximately $167.1 billion in 2023
The average cost of a data breach in 2023 is $4.45 million
The global cost of cybercrime is expected to reach $10.5 trillion annually by 2025
Cybersecurity spending is projected to reach $165.4 billion in 2024
70% of organizations have increased their cybersecurity budget in 2023
The global cybersecurity workforce shortage is projected to reach 3.4 million by 2025
53% of organizations report that their cybersecurity incidents have led to financial losses
71% of enterprises plan to increase cybersecurity budgets in 2024
66% of organizations use cloud access security brokers (CASBs) to enforce security policies
The average cost of a ransomware attack is $4.5 million
78% of organizations have increased cybersecurity spending post-2022

Market Size and Financial Impact Interpretation

With cyber threats costing trillions and breaches draining millions, organizations are pouring billions into cybersecurity—yet a looming workforce shortage and relentless attacks suggest this battle is far from over, making every dollar spent a necessary hedge against digital disaster.

Organizational Readiness and Defense Strategies

51% of organizations lack an incident response plan
Only 10% of the global population has cybersecurity awareness training
57% of organizations report a shortage of cybersecurity talent
92% of organizations say their security posture has become more complex in past year
63% of organizations are actively deploying endpoint detection and response (EDR) solutions
74% of organizations use multi-factor authentication (MFA)
Only 24% of company boards have cybersecurity as a top priority
85% of organizations have implemented some form of security automation
80% of firms say their cybersecurity staff are overwhelmed
72% of small businesses report they are underprepared for cybersecurity threats
Over 60% of organizations have adopted a formal cybersecurity framework
67% of cybersecurity professionals see a high or critical shortage of skills in their organizations

Organizational Readiness and Defense Strategies Interpretation

Despite widespread adoption of automation, frameworks, and multi-factor authentication, the cybersecurity industry remains hamstrung by critical gaps in incident response plans, workforce talent, and executive prioritization—leaving many organizations vulnerable in an era where cyber threats grow more complex and pervasive than ever.

Threat Types and Attack Vectors

68% of business leaders believe their cybersecurity risks are increasing
81% of hacking-related breaches leveraged stolen or compromised credentials
92% of malware is delivered via email
The most common cybersecurity attack vector is email phishing, at 91% of attacks
94% of malware is delivered via email or malicious websites
45% of organizations face challenges in cloud security
80% of advanced cyber threats go undetected by traditional security solutions
The number of malicious mobile apps increased by 40% in 2023
40% of breaches involve social engineering tactics

Threat Types and Attack Vectors Interpretation

With nearly all cyber threats rooted in email or social engineering and traditional defenses missing over 80% of sophisticated attacks, it's clear that today's business leaders face a relentless digital arms race where complacency and outdated tactics leave them vulnerable.