If it isn’t clear yet, this cybersecurity trend will only grow worse over time, and you need to take action now before it’s too late. Look, cybercrime is only going to get worse, so what did you expect from a future number? If the above 400 million SMBs would suffer $20,000 of damage each in 2023, then this number would increase to $26,250 to reflect 2025’s increase-again, not distributed evenly, but still quite large and enough to be concerning. The Projected Global Annual Cost of Cybercrime in 2025: $10.5 Trillion Granted, cybercrime is not going to impact each of them equally, and some companies might experience more troubles than their peers. It’s estimated that there are 400 million small and medium-sized businesses all around the world, equating to around $20,000 of damage to each of them on average. The Projected Global Annual Cost of Cybercrime in 2023: $8 Trillion Here are some of the most notable statistics we could find that prove just how important security is to not just your business, but all businesses. Security is a major pain point for businesses of all industries and sizes, and the numbers reflect this.
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