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The Rising Cost of Cybercrime [Infographic]

The rising cost of cyber crime

Cybercrime is one of the fastest growing threats today, resulting in staggering costs to businesses worldwide. We’ve assembled some key cybercrime statics into the infographic below. Here are a few highlights from what we found:

Cybercrime is at a record high

Last year, data breaches in the U.S. skyrocketed by 40 percent, the global projected cost of cybercrime tripled, and projections suggest things are only going to get worse from here. On top of that, much cybercrime goes undetected or unreported, so the true costs are likely even higher.

Businesses, especially small business, are still the primary target for cyber attacks

While cyber criminals pose a substantial threat to all industries, the business sector still bears the brunt of most cyberattacks. Small businesses especially are key targets, because they are typically less prepared and less secure than larger corporations. Accordingly, nearly half of ALL cyberattacks target small business.

Cybersecurity preparedness is no longer an option… it’s a necessity

Against the growing threat of cybercrime, businesses must educate themselves and take steps to protect their business. Or risk going out of business. Investing now in defending your network, securing your email, and developing a recovery plan can save you from potentially devastating consequences later. Shockingly, as many as 80 percent of small and medium-sized businesses don’t have data or email security in place.

Interested in learning more about how to protect your network? Download our FREE ebook: What EVERY Business Owner MUST KNOW About Preserving and Protecting Their Network

Cybercrime cost statistics

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