Cybercrime thriving, growing, and expected to hit $10T by 2025
The Cost of a Data Breach report from Black Kite looks at the financial and reputational damage caused by 2,400 cyber incidents that took place globally between 2017-2022 and can help companies understand where vulnerabilities have been to date and where things are trending. Clearly, companies need to act to protect themselves as cybercrime costs grows exponentially – up from $7 trillion in 2015 and expected to hit $10 trillion in the next three years. The report also compares attack methods and cybercrime’s impact on individual sectors.