2022 Official Cybercrime Report

Cyber-savvy boards are discussing topics like cyber risk appetite, cyber risk tolerance, cyber risk quantification and the risk-based approach to cybersecurity with increasing frequency.

According to Cybersecurity Ventures, the global annual cost of cybercrime is predicted to reach $8 trillion USD in 2023. Compounding this is the rising cost of damages resulting from cybercrime, which is expected to reach $10.5 trillion by 2025.

The statistics presented in the 2022 Official Cybercrime Report by Cybersecurity Ventures, sponsored by eSentire, demonstrate that there is no end to cyber risk so our executive board level conversations must shift to how we are actively improving cyber resilience, and putting our organizations ahead of business disruption.

Key takeaways from this cybercrime report include:

• The real impact of cybercrime globally
• Why ransomware is considered to be the “most immediate cyber threat” on a global scale and how ransomware damage costs are expected to rise by 2031
• The industries most at risk of experiencing a cyberattack
• Why small businesses are easy targets for cybercriminals

Download this report to learn how cybercrime is expected to evolve in the future and why your organization should adopt a risk-based approach to your cybersecurity strategy for a more proactive defense against modern cyber threats like ransomware, cryptocrime, and social engineering tactics.