If “a picture is worth a thousand words,” well, some telling numbers should be worth at least a few hundred, right?

In this weeks’ feature of the VENZA Echo, we’ll take a look at some key cybersecurity statistics that are on our mind this year.

Following the numbers is part of our ongoing effort to map industry trends and share them with you—ensuring that our clients remain on the cutting edge.

Let’s dive in.

#1 – $1.76 Million

Organisations with a zero-trust approach saw average breach costs $1.76M USD less than organizations without. (Source: IBM)

Takeaway: data protection is about more than minimizing the chances of a breach. It’s also about mitigating the damage in the event of one. A zero trust model minimizes damage after a breach by strictly verifying every user and device, limiting access to only what’s necessary, thus reducing the impact and spread within the business.

#2 – $10.5 Trillion

Expected total cost (in USD) of cybercrime by 2025. (Source: Cybersecurity Ventures)

Takeaway: hope that cybercrime will relent on its own or become a passing fad should now be set aside. Contemporary digital threats are clearly here to stay—so the responsible path forward requires proactive preparation.

#3 – 23%

The percentage of breaches caused by phishing attacks. Phishing was the #1 overall cause in 2023, followed by computer viruses and employee errors. (Source: Techco)

Takeaway: the old adage that “you can’t patch people” remains true. Even the best technological solutions (e.g., advanced firewalls, endpoint detection, threat monitoring) are no solution for organisations who do not property train and equip their staff against social engineering attacks.

#4 – 93%

In recent tests, hackers have been found to be able to breach 93% of all organisation’s networks. (Source: Beta News)

Takeaway: despite the presence of known threats and substantial investments in protection, network security remains vulnerable. It’s not enough to maintain “business as usual”—forward looking businesses must continue to invest in staying ahead of the game.

#5 – 94%

Percent of businesses that have reported email security incidents. (Source: Egress)

Takeaway: email filtering and quarantine services are improving but aren’t a guaranteed solution to threats like phishing. Having a multi-layered approach that includes training of the end user (frontline employees) is essential.

Feeling overwhelmed? Don’t be. VENZA is here to help. Cybersecurity is complex, but in partnership with us, your company can get started in as little as one month. Get a live demonstration today by contacting our Customer Success Team.

Ready to elevate your game? Contact Sales to discuss signing up for our programs or adding new solutions to your contract.

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Take VENZA’s free Phishing Test to assess gaps in your human firewall today!

Training your personnel to recognize and report phishing attempts is essential to protecting your guests and their data. Get started by determining your risk and readiness level using this free tool.

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