As the digital realm expands and thrives, so too does the nefarious world of cybercrime. If current trends continue, the annual cost of cyberattacks is projected to skyrocket to $10.5 trillion by 2025 — a staggering 300% increase from 2015.
Faced with this ongoing cyber assault, organizations worldwide are expected to shell out $1.75 trillion on cybersecurity measures from 2021 to 2025, which represents 15% year-over-year growth. Yet even this may not be enough to combat the problem. A survey of 4,000 medium-size companies shows that threat volumes continue to double year over year.