Interpreting the Cybersecurity Landscape: 2023 By the Numbers

As the digital landscape continues to evolve, the imperative for robust cybersecurity measures remains paramount. In an era defined by rapid technological advancement, staying informed about the latest cybersecurity trends and statistics is essential for safeguarding both individuals and organizations against emerging threats.

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By 2025, cybercrime is projected to cost $10.5 trillion in damages– a substantial increase from the $3 trillion recorded in 2015.

(CybersecurityVentures, 2023)

By 2031, ransomware is predicted to cost victims $265 billion in annual damages, with attacks occurring every 2 seconds on average.

(CybersecurityVentures, 2023)

82% of breaches involved data stored in cloud environments.

(IBM Cost of a Data Breach Report 2023)

Only 1 in 3 data breaches were identified by an organization’s own security teams and tools, highlighting the need for better threat detection.

(IBM Cost of a Data Breach Report 2023)

The detection of attackers within a network takes an average of

(Crowdstrike 2023 Survey)

In the first three quarters of 2023, the number of ransomware attacks increased by close to 70% compared to the first three quarters of 2022.

(Covus Insurance Q3 2023 Global Ransomware Report)

The average time between an attacker compromising a network and infiltrating it is 79 minutes. The fastest observed time? Just 7 minutes.

(Crowdstrike 2023 Survey)

Data breach costs have reached an all-time high in 2023,averaging $4.45 million, a 2.3% rise from 2022.

(CybersecurityVentures, 2023)