Cybersecurity companies are more crucial than ever. The reasons are known to every individual. For the “digital safety.”
The frequency and complexity of cyberattacks have escalated significantly. In 2024, organizations faced a wider array of threats, including ransomware, phishing, and supply chain attacks, which exploit vulnerabilities in interconnected systems. Global ransomware damage costs are projected to reach $30 billion in 2025, up from $20 billion in 2021.
As businesses and individuals increasingly rely on digital platforms and connected devices, the attack surface for cyber criminals grows. The financial repercussions of cyber incidents can be devastating. A single data breach can result in significant financial losses, legal liabilities, and damage to brand reputation. In 2025, the average cost of a data breach is expected to hit $5.2 million, with U.S.-based breaches averaging even higher at $9.5 million.