Cyber Threats to Cost $10.5 Trillion Annually by 2025, Driving Surge in Cybersecurity Investments
The financial damage from cyberattacks is projected to reach $10.5 trillion annually by 2025, prompting a sharp increase in global cybersecurity investments, Anadolu Agency reported citing Senad Aruc, CEO of Netherlands-based Imperum. Aruc emphasized that cybersecurity is no longer just a technical issue but a strategic necessity.
He cited IBM’s 2023 report, noting the average cost of a data breach is $4.45 million, making cybersecurity spending a cost-saving measure in the long run. The rise in digitalization has accelerated cyber threats such as ransomware, data breaches, and attacks on critical infrastructure, which now threaten business continuity and national security.
Aruc highlighted that user behavior remains crucial despite advances in AI-powered security solutions. He referenced recent incidents like the April cyberattack on Marks & Spencer, which caused a $931.2 million market value loss, and the 2017 NotPetya attack, which inflicted over $10 billion in damages on Maersk.
He urged companies to treat cybersecurity as a core risk management priority rather than a mere IT expense.
