Cybersecurity Statistics
Read about cyberattacks up through 2022, attack types, & which industries are most targeted.
Global Threat Landscape Report 2H 2023 Speak with an Expert1. PwC's 2022 Global Digital Trust Insights shows that more organizations (66%) are expecting cyber budget growth compared to previous years. Of these companies, over a third project double-digit cyber spending growth.
2. Cybersecurity Ventures estimates that an increase in cybercrime and the need for digitized businesses and consumers to guard against such crimes will drive up expenditure on cybersecurity products and services to $1.75 trillion between 2021 and 2025.
3. Deloitte performed a 2021 survey to find the greatest challenges for CISOs and CIOs. Over 40% responded that transformation and hybrid IT were the most difficult parts of cybersecurity management.
4. In August 2021, Google announced its commitment to strengthening cybersecurity with a pledge of $10 billion by 2025. This investment will focus on advancing open-source security, zero-trust programs, and the software supply chain.
5. In June 2022, the US House Appropriations Committee released spending bills for 2023 that allocate $15.6 billion to federal cybersecurity efforts.
6. According to data from Fortune Business Insights, the global cyber insurance market will expand at a CAGR of 25.3% between 2021 and 2028. It's expected to reach $36.85 billion in 2028.
7. According to Sophos' State of Ransomware 2022 report, only 4% of businesses that pay the ransom when held hostage by ransomware actually retrieve all their stolen data.
8. A 2022 IBM security report revealed a surge in various cyberattacks between 2020-2021. Notably, those caused by exploiting vulnerabilities have increased by 33%.
9. Between 2020 and 2021, the average data breach cost rose almost 10%, reaching $4.24 million. This is the highest growth rate seen in the past seven years, according to IBM’s Cost of a Data Breach 2021 report.
10. The Javelin Strategy and Research's 2021 Identity Fraud Study revealed that identity fraud losses reached $56 billion in 2020, with $13 billion lost from traditional identity fraud and $43 billion lost from identity fraud scams
11. Accenture’s State of Cybersecurity Resilience 2021 report revealed that companies experienced 31% more attacks in 2021 compared to the previous year. On average, organizations experienced 270 cyberattacks.
12. According to the Thirdway Cyber Enforcement Initiative, many cybercrime victims do not report their cases, lowering the estimated enforcement rate from 0.3% to about 0.05%.
Major hacking events have seen organizations suffer costly losses of data, customer details, financial records, and personal information.
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