In 2023, organizations worldwide spent an estimated $188 billion on cybersecurity, with projections for 2024 nearing $21
| Founded year: | 2000 |
| Country: | United States of America |
| Funding rounds: | Not set |
| Total funding amount: | Not set |
Description
In 2023, organizations worldwide spent an estimated $188 billion on cybersecurity, with projections for 2024 nearing $215 billion. Yet, data breaches are surging to unprecedented levels. The Identity Theft Resource Center reported a record 3,205 breaches in the U.S. in 2023, a 78% increase from the previous year. This alarming trend is consistent globally and prompts a critical question: Why are these investments not stemming the tide of data breaches?
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