Calculating the true value of cybersecurity solutions

Whoever said crime doesn’t pay apparently didn’t anticipate modern cyber attacks. The average cost of a data breach to affected U.S. businesses grew from $5.4 million in 2013 to $9.44 million in 2022 —well outpacing inflation over the same period. Collectively, data breaches cost U.S. businesses about $1.4 billion per year. This adds up to $5,400 for every American adult.

On a global scale, cyber crime is forecast to cost the world $10.5 trillion per year by 2025. Other researchers estimate that cyber crime costs businesses an incredible $1.79 million every minute.