Boom! Cyber Resilience By The Numbers
10 stats that bolster your cyber resilience practice.
- March 21, 2022 | Author: Khali Henderson
Planning and forecasting? Raising money? Need some numbers to nudge your clients into understanding just how big cybercrime is becoming and why they need cyber resilience? (Hint: Cybercrime costs are not just higher than the GDP of some countries—they’re higher than almost all of them.)
Sometimes you need to put numbers and pathways on the journey in front of you. To help with that, we put together a quick-reference sheet of 10 vital stats your MSP can use internally and with clients.
Sizing the Problem: Cybercrime as a Growth Industry
How much cybercrime will cost the world annually by 2025.1 To put that in perspective, that’s more than the GDP of every country on the planet except for The United States and China (and it’s nearly China’s at that). It’s also the largest transfer of economic wealth in human history.
The first-, second- and third-year portions of a cyberattack’s costs.2 That’s right; cyberattacks have long-tail costs. They’re the gift that keeps on taking … over three years. That’s because of all the ways an attack damages a company, including lost data costs, business disruption costs, revenue losses from system downtime, notification costs, lost customers and reputation damage.
The percentage of cyberattacks aimed at small businesses.3
The percentage of small businesses that can withstand an attack.3
The probability a cybercrime organization will be detected and prosecuted.4 This, in a nutshell, is why the cyberattack problem is so far out of hand that criminals have brazenly created on-demand crime solutions like Ransomware-as-a-Service. There’s a 99 percent-plus probability they won’t be caught.
Demand for Solutions: The Market for Cyber Resilience MSPs
The projected size of the global managed security services market by 2027.5
The percentage of small businesses planning to use managed detection and response (MDR) as their only managed security service by 2024.6 They need more than just this (or variations on it, depending on how you define MDR), of course, but it shows you how much demand there is for outside help.
The current number of unfilled security jobs in the United States.7 Even if an SMB wants to tackle security in-house, finding and retaining talent is an uphill battle. Hence the need for outside help referenced above.
The percentage of companies planning to adopt security awareness training and anti-ransomware solutions over the next two years.8
The percentage of companies (globally) that expect to increase their spending on cybersecurity in 2022.9
The bottom line
We hope you can make good use of these—and all the other data we’re providing here at Resilience Hub—to grow your business and help your clients become resilient. There’s plenty of need for your expertise and services, now and in the future.