These cybersecurity statistics will help you understand the state of online security and give you a better idea of what it takes to protect yourself.

In 2024, the number of data compromises in the United States stood at 3,158 cases. Meanwhile, over 1.35 billion individuals were affected in the same year by data compromises, including data breaches, leakage, and exposure. While these are three different events, they have one thing in common. As a result of all three incidents, the sensitive data is accessed by an unauthorized threat actor. Industries most vulnerable to data breaches Some industry sectors usually see more significant cases of private data violations than others. This is determined by the type and volume of the personal information organizations of these sectors store. In 2024 the financial services, healthcare, and professional services were the three industry sectors that recorded most data breaches. Overall, the number of healthcare data breaches in some industry sectors in the United States has gradually increased within the past few years. However, some sectors saw decrease. Largest data exposures worldwide In 2020, an adult streaming website, CAM4, experienced a leakage of nearly 11 billion records. This, by far, is the most extensive reported data leakage. This case, though, is unique because cyber security researchers found the vulnerability before the cyber criminals. The second-largest data breach is the Yahoo data breach, dating back to 2013. The company first reported about one billion exposed records, then later, in 2017, came up with an updated number of leaked records, which was three billion. In March 2018, the third biggest data breach happened, involving India’s national identification database Aadhaar. As a result of this incident, over 1.1 billion records were exposed.

According to a 2024 survey of Chief Information Security Officers (CISO) worldwide, Ransomware attacks were a leading cybersecurity risk, with roughly ** percent naming it as one of the three major cybersecurity threats. A further share of ** percent of the respondents found malware to be a significant risk to their organizations' cybersecurity. Email fraud compromise and DDoS attacks followed closely, with ** percent.

In 2024, manufacturing saw the highest share of cyberattacks among the leading industries worldwide. During the examined year, manufacturing companies encountered more than a quarter of the total cyberattacks. Organizations in the finance and insurance followed, with around 23 percent. Professional, business, and consumer services ranked third, with 18 percent of reported cyberattacks. Manufacturing industry and cyberattacks The industry of manufacturing has been in the center of cyberattacks in a long time. The share of cyberattacks targeting organizations in this sector in 2018 was at 10 percent, while in 2024, it amounted to 26 percent. The situation is even more compliacted when we look at the cyber vulnerabilities found in this sector. In 2024, critical vulnerabilities in manufacturing companies lasted 205 days on average. IT perspective and prevention With recent technology developments, cybersecurity is crucial to an organization’s success. Realizing this, companies have been gradually increasing cybersecurity investments. Thus, in 2024, the cybersecurity budget worldwide was forecast to increase to nearly 283 billion U.S. dollars. Roughly nine in ten board directors of companies worldwide in professional services and media and entertainment industries say they expect an increase in the cybersecurity budget.

Cyber attacks on businesses are becoming more frequent, targeted, and complex. The effects of a cyber attack go well beyond the direct financial consequences. In 2024, ** percent of respondents indicated greater difficulty in attracting new customers as the main consequence of cyber attacks.

Did the COVID-19 pandemic really affect cybersecurity? Short answer – Yes. Cybercrime is up 600% due to COVID-19.

Cyber Security Market Outlook

The global Cyber Security market size was valued at approximately USD 202 billion in 2023 and is expected to reach a staggering USD 424 billion by 2032, with a compound annual growth rate (CAGR) of approximately 8.6% from 2024 to 2032. This remarkable growth trajectory is primarily driven by the increasing digitization across sectors, which has led to a surge in cyber threats, thereby necessitating robust cyber security measures. The rapid increase in sophisticated cyber attacks, combined with the advent of new technologies like IoT and cloud computing, has put tremendous pressure on organizations to enhance their security infrastructure, thus propelling the market growth.

One of the significant growth factors for the cyber security market is the increasing adoption of cloud-based solutions. As more businesses move towards cloud computing for its scalability and cost-effectiveness, the need for advanced security solutions becomes paramount. Cloud security has emerged as a critical requirement to protect sensitive data from breaches and unauthorized access. Additionally, the rise in the number of connected devices through IoT has expanded the attack surface, compelling organizations to invest in advanced security solutions. Furthermore, governments and regulatory bodies worldwide are implementing stringent regulations and data protection laws, driving organizations to comply and invest in comprehensive cyber security measures.

Another crucial factor contributing to the market's growth is the rising awareness of the potential financial and reputational damage caused by cyber breaches. Companies are increasingly recognizing the importance of safeguarding their digital assets and customer data. This awareness has led to increased expenditure on cyber security solutions and services, as businesses seek to build a more resilient IT infrastructure. Moreover, advancements in technologies such as artificial intelligence (AI) and machine learning (ML) are fostering the development of sophisticated security solutions capable of predicting and mitigating cyber threats in real-time, further fueling market expansion.

Technological advancements and innovations in the field of cyber security, including the development of next-generation firewalls, intrusion detection systems, and advanced threat intelligence solutions, are also playing a vital role in driving the market forward. With the increasing complexity of cyber-attacks, traditional security measures are no longer sufficient. Organizations are looking for innovative solutions that can offer a multi-layered defense mechanism. Furthermore, the integration of blockchain technology in cyber security is gaining traction, providing a secure and transparent way to safeguard data, which is likely to contribute to market growth in the coming years.

In the realm of Enterprise Cyber Security, organizations are increasingly prioritizing the protection of their digital assets and sensitive information. As businesses expand their digital footprints, the complexity and scale of cyber threats have grown exponentially. This has led enterprises to adopt a multi-layered security approach, integrating advanced technologies such as AI and machine learning to detect and respond to threats in real-time. Furthermore, enterprises are investing in comprehensive security frameworks that encompass network security, endpoint protection, and data encryption to safeguard their operations. The focus on enterprise cyber security is not only about preventing breaches but also about ensuring business continuity and maintaining customer trust in an increasingly interconnected world.

Regionally, North America currently holds the largest share of the cyber security market, driven by the presence of a large number of key players and the early adoption of advanced technologies. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. The rapid digital transformation, coupled with increasing cyber threats in countries like India and China, is driving the demand for robust security solutions in this region. Governments in the region are also actively investing in cyber security infrastructure, further propelling market growth. Europe is also a significant market for cyber security solutions, with stringent data protection regulations like GDPR pushing organizations to enhance their security measures.

Component Analysis

The cyber security market can b

The average cyber attack takes 280 days to identify and contain and it costs an average of about $3.86 million to deal with properly.

As per Cognitive Market Research's latest published report, the Global Cyber Security market size was $154.80 Billion in 2022 and it is forecasted to reach $353.15 Billion by 2030. Cyber Security Industry's Compound Annual Growth Rate will be 10.8% from 2023 to 2030. Market Dynamics of Cyber Security Market:

Increased target based cyber-attacks:

Every year, cybercrime dramatically rises as attackers become more proficient and sophisticated. In target-based cyberattacks, hackers or attackers focus on a single organisation because they have a particular business interest. Putting the attack together could take months so they can figure out the best way to get their exploit into your systems (or users). Because it has been precisely designed to attack your systems, processes, or persons, at the office and often at home, a targeted attack is frequently more harmful than an untargeted one. In addition to having an impact on the organization's and business's finances, cybersecurity also makes businesses more vulnerable and uncertain.

Cyberattacks can potentially harm a company's reputation, especially if private customer information is taken. The established customer trust may suffer as a result of cyberattacks. This breach of trust may be challenging to repair and may have long-term effects on the company. The activities of a company are also disrupted by these attacks, making it difficult or impossible to access vital systems or data. This might cause delays in manufacturing, disrupt customer service, and result in lost income. Businesses may occasionally have to stop operating completely until the attack is stopped, which will have a greater financial impact.

Growing need for automated cybersecurity due to the increased use of IoT devices.

Restraining Factor:

Budget restrictions and a lack of specialists among SME's:

Cybersecurity is crucial prat of any organization as it protects against unwanted access, theft, and damage to critical data and computer systems. Cyber-attacks are growing more prevalent in today's digital environment, and they could have very negative effects. Due to the complexity of technology, many organisations, especially SME's, cannot afford cybersecurity despite its necessity. Cybersecurity can be complicated and calls for knowledge in fields like software development, network security, and cryptography. The cost of acquiring and maintaining this expertise might be high. In addition, considering the consistently evolving cyber threats, the updating of cybersecurity measures is necessary. This requires ongoing investment in technology, personnel, and training. Therefore, budget restrictions coupled with expensive tools and software’s and a lack of specialists in SME's might affect the growth of the cyber security market.

Current Trends on Cyber Security:

Rising e-commerce platforms and online shopping:

Rising disposable income coupled with high penetration of internet and smartphone expected to drive the e-commerce market and online shopping. Online shopping is incredibly convenient for consumers as they can shop from the comfort of their homes or on-the-go using their smartphones or tablets. This is especially true during the COVID-19 pandemic when physical stores are closed or people prefer to avoid crowded places. In addition, online retailers can offer lower prices compared to physical stores due to lower overhead costs. Moreover, E-commerce platforms are open 24/7, which allows customers to shop at any time that is convenient for them. With advances in technology, e-commerce platforms have improved their shipping and delivery options. Overall, rising e-commerce platforms and online shopping provides new opportunities to cyber security market.

Impact of COVID-19 pandemic on Cyber Security Market:

With the widespread shift to remote work and online services, there has been a surge in cyber-attacks, making cyber security more important in COVID-19 pandemic. Organizations are investing in cyber security solutions to safeguard their systems and data as a result of the rise in cyberattacks brought on by the epidemic. The need for cyber security goods and services has increased as a result. Budget restrictions, especially for SME's, have been brought on by the economic burden of the epidemic on many organisations. Cost-effective cyber security solutions are now receiving more attention as a result of this. The CO...

The Cyber Security Market report segments the industry into By Offering (Solutions, Services), By Deployment (On-Premise, Cloud), By End-User Industry (IT and Telecom, BFSI, Retail and E-Commerce, Oil Gas and Energy, Manufacturing, Government and Defense, Other End-user Industries), and By Geography (North America, Europe, Asia, Latin America, Middle East and Africa). Get five years of historical data and market forecasts.

As of 2024, the average cost of a data breach in the United States amounted to **** million U.S. dollars, down from **** million U.S. dollars in the previous year. The global average cost per data breach was **** million U.S. dollars in 2024. Cost of a data breach in different countries worldwide Data breaches impose a big threat for organizations globally. The monetary damage caused by data breaches has increased in many markets in the past decade. In 2023, Canada followed the U.S. by data breach costs, with an average of **** million U.S. dollars. Since 2019, the average monetary damage caused by loss of sensitive information in Canada has increased notably. In the United Kingdom, the average cost of a data breach in 2024 amounted to around **** million U.S. dollars, while in Germany it stood at **** million U.S. dollars. The cost of data breach by industry and segment Data breach costs vary depending on the industry and segment. For the fourth consecutive year, the global healthcare sector registered the highest costs of data breach, which in 2024 amounted to about **** million U.S. dollars. Financial institutions ranked second, with an average cost of *** million U.S. dollars for a data breach. Detection and escalation was the costliest segment in data breaches worldwide, with **** U.S. dollars on average. The cost for lost business ranked second, while response following a breach came across as the third-costliest segment.

Cyber Security Software Tool Market Outlook

The global cyber security software tool market size was valued at approximately USD 186 billion in 2023 and is projected to reach USD 424 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.8%. The increasing frequency and sophistication of cyber threats, alongside the rising adoption of connected devices, are significant growth factors driving the market forward.

One of the primary growth factors in the global cyber security software tool market is the increasing prevalence of cyber threats and attacks. With the exponential rise in digital transactions, the internet of things (IoT), and connected devices, the risk of cyber-attacks has surged dramatically. Organizations across various sectors are becoming increasingly aware of the need for robust cyber security measures to protect sensitive information, financial assets, and critical infrastructure. This heightened awareness is fostering a robust demand for advanced cyber security software tools that can effectively mitigate these threats.

Another crucial growth driver is the regulatory landscape, which has seen a significant increase in the number of compliance requirements and standards related to data protection and privacy. Governments and regulatory bodies worldwide are introducing stringent measures to ensure the protection of personal and organizational data, compelling businesses to adopt comprehensive cyber security solutions. These regulatory frameworks, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States, are providing a substantial impetus to the market.

The rapid digital transformation initiatives undertaken by enterprises globally are also significantly contributing to market growth. As businesses continue to adopt cloud computing, big data analytics, and artificial intelligence, their cyber security needs are evolving. The integration of these advanced technologies into business operations opens new vulnerabilities that cyber security software tools must address. The need to secure cloud infrastructures, mobile devices, and remote work environments has become paramount, driving the demand for innovative and comprehensive cyber security solutions.

In this evolving landscape, Cyber Attack Simulation Software is gaining prominence as a vital tool for organizations aiming to bolster their cyber defense mechanisms. This software enables businesses to simulate potential cyber threats and attacks in a controlled environment, allowing them to assess their current security posture and identify vulnerabilities. By replicating real-world attack scenarios, organizations can better understand the effectiveness of their security measures and make informed decisions to enhance their defenses. The use of Cyber Attack Simulation Software is becoming increasingly important as cyber threats continue to grow in complexity, providing a proactive approach to identifying and mitigating potential risks before they can be exploited by malicious actors.

From a regional perspective, North America currently holds the largest market share due to the presence of numerous prominent cyber security vendors and a high level of technology adoption. However, the Asia Pacific region is expected to exhibit the highest growth rate during the forecast period. This surge can be attributed to the rapid digitalization, increasing internet penetration, and growing awareness about cyber threats and data privacy in emerging economies like China and India. Additionally, government initiatives aimed at bolstering cyber security infrastructure in the region are acting as significant growth catalysts.

Component Analysis

The cyber security software tool market can be segmented into software and services. The software segment encompasses a broad spectrum of solutions including antivirus, anti-malware, firewall, intrusion detection systems (IDS), intrusion prevention systems (IPS), and encryption tools. Cyber security software tools are critical in detecting, preventing, and responding to various cyber threats. The software segment holds a substantial market share due to the continuous evolution of cyber threats requiring advanced and updated solutions. Companies are investing heavily in research and development to introduce innovative software solutions capable of combating sophisticated cyber-attacks.

Services, on the other hand, pl

Cyber Security as a Service Market Outlook

The global Cyber Security as a Service market size was valued at approximately $14 billion in 2023 and is projected to reach $41 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.5% during the forecast period. This remarkable growth is driven by the increasing prevalence of cyber threats and the growing need for robust security solutions across various sectors.

The growth of the Cyber Security as a Service market can be attributed to several key factors. Firstly, the rapid digitization and adoption of cloud services have exposed businesses to a myriad of cyber threats, necessitating advanced security measures. The rise in sophisticated cyber-attacks, such as ransomware, phishing, and malware, has compelled organizations to seek comprehensive security solutions to safeguard their data and ensure business continuity. Additionally, regulatory requirements and compliance mandates across industries are driving the demand for managed security services, further propelling market growth.

Secondly, the increasing adoption of Internet of Things (IoT) devices has expanded the attack surface, making enterprises more vulnerable to cyber-attacks. As IoT devices become integral to business operations, securing these devices has become paramount. Cyber Security as a Service offers scalable and flexible solutions to monitor and protect IoT ecosystems, thereby addressing the security challenges posed by these interconnected devices. Furthermore, the growing awareness about the financial and reputational damage caused by data breaches is prompting businesses to invest heavily in cybersecurity services.

Thirdly, the shortage of skilled cybersecurity professionals is a significant growth driver for the market. Many organizations lack the in-house expertise required to effectively combat evolving cyber threats. As a result, they are increasingly turning to third-party service providers to manage their cybersecurity needs. Cyber Security as a Service offers access to a pool of experts, advanced technologies, and continuous monitoring capabilities, enabling businesses to strengthen their security posture without the need for extensive internal resources.

The integration of Financial Services Cybersecurity Systems and Services is becoming increasingly vital in the face of evolving cyber threats. Financial institutions are prime targets for cybercriminals due to the sensitive nature of financial data and transactions. As a result, there is a growing emphasis on developing comprehensive cybersecurity frameworks that encompass both preventive and responsive measures. These systems and services are designed to protect financial data, ensure compliance with regulatory requirements, and maintain customer trust. By leveraging advanced technologies such as artificial intelligence and machine learning, financial institutions can enhance their threat detection and response capabilities, thereby safeguarding their operations from potential cyber threats.

From a regional perspective, North America is expected to dominate the Cyber Security as a Service market during the forecast period. The presence of major cybersecurity vendors, coupled with stringent regulatory frameworks and high adoption rates of advanced technologies, contribute to the region's leading position. However, the Asia Pacific region is anticipated to witness the highest growth rate, driven by increasing digital transformation initiatives, rising cybercrime incidents, and growing awareness about cybersecurity solutions.

Service Type Analysis

In the Cyber Security as a Service market, the service type segment is pivotal, covering services such as Threat Intelligence, Managed Security Services, Security Monitoring and Analytics, Incident Response, Compliance Management, and others. The diverse nature of cyber threats necessitates a variety of specialized services, each catering to different facets of cybersecurity.

Threat Intelligence services play a crucial role in the market. These services involve the collection, analysis, and dissemination of information about potential or ongoing cyber threats. By leveraging advanced analytics and machine learning, threat intelligence services provide actionable insights that help organizations anticipate and mitigate cyber risks before they materialize. The growing complexity of cyber threats and the need for proactive threat management

As of January 2024, about ** percent of organizations in the United Kingdom reported experiencing a data breach accident once a month. A further ** percent said they had encountered a data breach event less than once a month in the past 12 months. Meanwhile, ** percent said they had experienced a data breach incident once a week.

Pay attention to the following cybersecurity statistics to learn how to protect yourself from attacks.

The Italy cybersecurity market, valued at €3.63 billion in 2025, is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.96% from 2025 to 2033. This robust expansion is driven by several key factors. Increasing digitalization across all sectors, particularly BFSI (Banking, Financial Services, and Insurance), healthcare, and government, is fueling demand for robust security solutions. The rising prevalence of sophisticated cyber threats, including ransomware attacks and data breaches, compels organizations to invest heavily in advanced security technologies such as cloud security, data security, and identity and access management (IAM). Furthermore, stringent data privacy regulations, such as GDPR, are driving compliance-related spending, further stimulating market growth. The market is segmented by offering (cloud security, data security, IAM, network security, consumer security, infrastructure protection, and other types), service models, deployment (cloud and on-premise), and end-user sectors. The competitive landscape features a mix of established global players like Broadcom, Intel Security, IBM, Fortinet, McAfee, Cisco, Trend Micro, Palo Alto Networks, and Dell Technologies, along with emerging regional players. The cloud-based deployment model is expected to experience the fastest growth due to its scalability, cost-effectiveness, and ease of management. The forecast period (2025-2033) will likely witness a shift towards more integrated security solutions that offer comprehensive protection across multiple attack vectors. The growing adoption of artificial intelligence (AI) and machine learning (ML) in cybersecurity will enhance threat detection and response capabilities. However, the market may face challenges such as a shortage of skilled cybersecurity professionals and the evolving nature of cyber threats, requiring continuous adaptation and investment in new technologies. Despite these challenges, the long-term outlook for the Italy cybersecurity market remains highly positive, fueled by ongoing digital transformation and the increasing need for robust data protection across all sectors. The market's projected expansion offers significant opportunities for both established and emerging cybersecurity vendors in Italy. Italy Cybersecurity Market: A Comprehensive Analysis (2019-2033) This report provides a detailed analysis of the Italy cybersecurity market, offering invaluable insights for businesses, investors, and policymakers. It covers the historical period (2019-2024), the base year (2025), and forecasts up to 2033, providing a comprehensive view of this rapidly evolving sector. The study segments the market by offering (Cloud Security, Data Security, Identity Access Management (IAM), Network Security, Consumer Security, Infrastructure Protection, Other), services, deployment (Cloud, On-premise), and end-user (BFSI, Healthcare, Manufacturing, Government & Defense, IT & Telecommunication, Others). The market size is valued in millions of US dollars. Recent developments include: May 2022: Italy's cyber security authority; Computer Security Incident Response Team (CSIRT) issued a warning to all public and private sector organisations with links to the country to prepare for an increased number of cyber attacks from the pro-Russian hackers. The type of cyberattack the Italian organization refers to is DDoS (distributed denial-of-service), which may not be catastrophic but can still cause damage, financial or otherwise, due to service outages and disruptions., June 2021: Italy announced that it has set up cybersecurity agency ahead of national cloud plan, for fighting cyber attacks, to create a unified cloud infrastructure to increase security for public administration data storage. Italy is among numerous European nations boosting their efforts to counter cyberisks.. Key drivers for this market are: Increasing Demand for Digitalization and Scalable IT Infrastructure, Need to tackle risks from various trends such as third-party vendor risks, the evolution of MSSPs, and adoption of cloud-first strategy. Potential restraints include: Lack of Cybersecurity Professionals, High Reliance on Traditional Authentication Methods and Low Preparedness. Notable trends are: On-Premise deployment segment is expected to register a significant growth in the market.

Market Summary of Cyber Security Consulting Market:

• Global Cyber Security Consulting market size 2023 was XX Million. Cyber Security Consulting Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031. • The Cyber Threats and cyberattacks are driving the cyber-Security consulting the market's rapid growth along with Increase in the need for security in BFSI Sector. • The COVID-19 had presented obstacles for enterprises as they adjust to a work environment where telecommuting has turned into the new normal. Businesses were moving more quickly towards digital transformation, and cybersecurity is becoming a top priority • The dominating segment is the IT and Telecom. Mobile phones, smart IoT devices, data traffic subscribers, and SIM connections have all increased astronomically in the world. Because of this, network operators can now offer a significantly wider range of services, which requires them to handle more data security. • North America is the dominating region in this market due to the prevalence of large and mid-sized organization’s is rising, which is increasing the number of hosted servers and the frequency of cyberattacks.

Market Dynamics of Cyber Security Consulting Market:

Key Drivers of Cyber Security Consulting Market

Cyber Threats and cyberattacks are driving the cyber-Security consulting the market's rapid growth.

The growing threat landscape, which includes data breaches and ransomware assaults, is a major factor in the rise of cybersecurity consulting services. The Internet is becoming more and more popular across all industries as a result of digitization and technical improvements. The likelihood of cyberattacks rises with increased Internet usage. Cyberattacks are a major global threat that result in the loss of personal, corporate, and governmental data. Businesses are always under pressure to make sure their digital assets are safe from internet attacks, and cybersecurity threats are getting more complex. Consulting on cybersecurity is essential for protecting your company from possible dangers and lowering the likelihood of cyberattacks.Hence, These consulting services give companies the knowledge and resources they need to spot security flaws, create strong defences against online attacks, and keep their systems safe. Organisations can discover potential vulnerabilities and threats to their digital assets, such as sensitive information, financial data, and intellectual property, by conducting cybersecurity risk assessments, which is a crucial procedure. For Instance, The cybersecurity company Kaspersky issued a warning, stating that similar cyberthreats are likely to come India's way. The country saw over 200,000 ransomware attacks in 2023. Large ransomware gangs like Fonix and LockBit attacked companies in India and throughout the world in industries like manufacturing, retail, healthcare, agriculture, and media. (Source:https://www.businesstoday.in/technology/news/story/new-ransomware-attacks-still-keeping-indian-cyberspace-at-risk-kaspersky-424512-2024-04-05) Cybersecurity experts detect risks to a company's computer systems and networks, analyse security concerns, determine risk, and put remedies into place. In an IT environment that is evolving quickly, they create layers of protection and deal with a variety of issues while evaluating security systems. Ransomware, phishing, and hacking are examples of cybersecurity threats that have grown in sophistication along with technology. Attacks on servers known as total distributed denial of service (DDoS) cause disruptions to user access. Thus, it is essential to identify cyber threats and use strong cyber security consulting to guard against such breaches in order to implement a system with more robust security features.

Increase in the need for security in BFSI Sector, drives the market for Cyber Security Consulting Market.

Following demonetization, digital payments have become more popular than ever before, underscoring the necessity of security policies and programmes for India's banking, financial services, and insurance (BFSI) industry. While financial institutions worldwide are concentrating on improving their programmes to prevent cyber threats, BFSI institutions continue to fail to recognise the significance and consequences of cyb...

Some industries are affected by cyber attacks more than others. These next cybersecurity statistics detail specifically who is affected by cyber-attacks and why they are.

In 2023, when asked to choose the main cybersecurity challenges faced by their organizations in the United States and the United Kingdom, ** percent of respondents named hybrid working models and lack of understanding around cyber trends and threats. The risk posed by the lack of internal training on spotting suspicious activity ranked third, highlighted by ** percent of respondents. Meanwhile, the lack of skills and expertise represented a top challenge for ** percent of respondents.