Why Data Breaches Continue to Escalate Despite Rising Cybersecurity Investments logo

In 2023, organizations worldwide spent an estimated $188 billion on cybersecurity,

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?

Related startups: