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WHAT DO STATISTICS SAY ABOUT CYBER ATTACKS?
About $1 trillion is spent on cybercrime globally, 50% more than anticipated in 2018. It accounts for more than 1% of the world's GDP.
By 2021, a data breach cost an astounding $3.86 million on average. It was $4.24 million in 2022.
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The typical cost of a data breach that compromises 1 million to 10 million records is $50 million. In comparison, the cost of one that compromises 50 million records can reach up to $392 million.
For businesses that had implemented security automation entirely, the estimated cost of cybercrime was $2.45 million, whereas it cost $6.03 million for companies lagging.
Businesses with effective cyber attack prevention techniques could save up to $1.4 million for every assault that is prevented.
Only 24% of cybersecurity experts spend money preventing cyberattacks. 56% of businesses lack a plan for responding to cyber incidents. And only 32% of the remaining 44% genuinely believe their strategy will work.
