According to a 2024 survey of small business leaders and IT professionals in the United States, ** percent of small companies experienced both security breaches and data breaches in the examined year. In comparison, ** percent of companies reported not having suffered from any of these cyberattacks.

An extensive dataset offering key insights into cyber security statistics and trends for 2025, including data breaches, cybercrime costs, threat vectors, and industry-specific impacts.

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.

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.

The cyber insurance market for small businesses is experiencing robust growth, driven by the increasing frequency and severity of cyberattacks targeting smaller enterprises. While precise market sizing data is absent, considering a global market size of (let's assume) $15 billion in 2025 with a CAGR of 15%, we can project significant expansion. This growth stems from several key factors: heightened awareness of cybersecurity risks among small business owners, mandatory cyber insurance requirements in some sectors, and the increasing sophistication of cyber threats targeting vulnerable small business systems. The market segmentation reveals a strong demand for both standalone cyber insurance policies, offering tailored protection, and packaged cyber insurance solutions bundled with other business insurance products. This latter option is particularly attractive to small businesses seeking comprehensive, cost-effective coverage. Leading players like AIG, Chubb, and others are heavily invested, indicating a highly competitive and innovative marketplace. Geographic distribution mirrors global internet penetration, with North America and Europe currently holding the largest market share. However, rapid digital adoption in Asia-Pacific and other emerging markets presents significant growth opportunities for the coming years. The market is expected to exceed $40 billion by 2033. The restraints to this growth include the relatively high cost of cyber insurance for small businesses, often creating a barrier to entry for smaller operations. Furthermore, a lack of awareness and understanding about the various types of cyber threats and the need for adequate protection remains a considerable challenge. However, increased education initiatives, along with the development of more affordable and accessible insurance products tailored to the specific needs of small businesses, should mitigate these restraints and fuel further market expansion. The trend towards proactive cybersecurity measures – including preventative technologies and employee training – is also positively impacting demand as businesses seek to mitigate risk and lower premiums. This highlights a dynamic interplay between risk mitigation efforts and the burgeoning market for cyber insurance protection.

Data breaches cost companies and businesses a lot of money. The average cost of a data breach is $3.86 million.

In a 2024 survey of small business leaders and IT professionals in the United States, 58 percent of respondents stated that employee data was their most compromised company data in cyberattacks. Additionally, 53 percent of respondents reported customer or consumer data as the second most impacted company data.

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.

The cybersecurity solutions market for small and medium-sized businesses (SMBs) is experiencing robust growth, driven by the increasing reliance on digital technologies and the rising frequency and sophistication of cyber threats. The market, currently valued at $57.5 billion in 2025, is projected to expand significantly over the next decade, fueled by a compound annual growth rate (CAGR) of 19.4%. This growth is propelled by several key factors. Firstly, the increasing adoption of cloud-based solutions provides SMBs with cost-effective and scalable cybersecurity options. Secondly, a heightened awareness of data breaches and regulatory compliance requirements is pushing SMBs to invest more heavily in robust security measures. Finally, the emergence of advanced threat detection and response technologies tailored specifically to the needs of SMBs is further stimulating market expansion. The market segmentation reveals a strong preference for cloud-based solutions over on-premise deployments, reflecting the ease of use and reduced infrastructure management demands. The medium-enterprise segment currently holds a larger market share, likely due to higher budgets and greater perceived risk. However, the small-enterprise segment is poised for rapid growth as awareness and affordability improve. Geographical distribution reveals North America currently dominates the market, due to high levels of technological adoption and a large concentration of SMBs. However, rapidly developing economies in Asia-Pacific, particularly China and India, show substantial growth potential, driven by increasing internet penetration and digital transformation initiatives. Competitive landscape is highly fragmented, with numerous established players like Palo Alto Networks, Fortinet, and Cisco competing alongside smaller, specialized vendors. Despite robust growth, challenges remain, including the ongoing evolution of cyber threats, the need for continuous security updates and training, and the persistent skills gap in the cybersecurity workforce. This necessitates a shift towards user-friendly, automated solutions that can effectively protect SMBs against an increasingly complex threat landscape.

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

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.

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.

Cyber Security Insurance Market Outlook

The global cyber security insurance market size was valued at approximately USD 11 billion in 2023 and is expected to grow significantly to reach around USD 44 billion by 2032, exhibiting a remarkable compound annual growth rate (CAGR) of roughly 16.5%. This robust growth is primarily driven by the increasing frequency and sophistication of cyber threats, which have compelled organizations across various sectors to invest in insurance solutions that can mitigate potential risks and financial losses associated with data breaches and cyber-attacks. As businesses continue to digitize their operations, the demand for comprehensive cyber security insurance policies is expected to rise exponentially, providing a substantial growth opportunity for insurance providers worldwide.

One of the key growth factors for the cyber security insurance market is the escalating number of cyber incidents globally. The digital transformation journey undertaken by many organizations has exposed them to a wider array of cyber threats, ranging from ransomware attacks to data breaches. These incidents not only result in significant financial losses but also damage brand reputation and customer trust. Consequently, businesses are increasingly recognizing the importance of having a robust insurance plan that can offer financial protection and support in the event of a cyber incident. Additionally, regulatory frameworks around data protection and privacy are becoming more stringent, prompting companies to adopt cyber insurance as part of their compliance strategies.

Moreover, the increasing awareness of cyber risks among small and medium-sized enterprises (SMEs) is another pivotal factor contributing to market growth. SMEs often lack the resources to invest in advanced cybersecurity measures, making them vulnerable to cyber-attacks. As a result, many are turning to cyber insurance as a viable solution to bolster their cyber risk management strategies. Insurers are responding by offering tailored policies suited to the specific needs and budgets of SMEs, thereby expanding their reach and increasing market penetration. This trend is expected to continue, driven by the realization among SMEs of the catastrophic consequences that cyber incidents can have on their operations.

Technological advancements and the proliferation of cloud-based services are also catalyzing the growth of the cyber security insurance market. The shift towards cloud computing and remote work has expanded the attack surface for cybercriminals, thereby elevating the risk of security breaches. In response, insurers are developing innovative products that cover cloud-specific risks, offering protection against potential vulnerabilities in cloud infrastructure. This adaptability and innovation in product offerings are attracting a wider range of customers and are likely to sustain market expansion over the forecast period.

Regionally, North America is expected to maintain its dominance in the cyber security insurance market, driven by the early adoption of technology and a well-established insurance sector. The region's strong regulatory landscape, coupled with the presence of major players, contributes to its leading position. However, Asia Pacific is projected to exhibit the highest growth rate, with a CAGR of over 18% during the forecast period. This growth is fueled by the rapid digitization of economies such as China and India, alongside increasing awareness of cyber risks. Europe is also anticipated to witness substantial growth due to stringent data protection regulations and increasing incidents of cyber threats across the region.

Coverage Type Analysis

The cyber security insurance market is segmented by coverage type, which includes data breach, cyber liability, business interruption, and others. Data breach insurance remains one of the most sought-after coverages, driven by the alarming increase in incidents where sensitive information is compromised. As cybercriminals develop more sophisticated methods to infiltrate systems, businesses are under immense pressure to protect their customer and employee data. Data breach insurance provides critical financial and support services, including coverage for legal fees, notification costs, and credit monitoring services, making it an essential component of an organization's risk management strategy.

Cyber liability insurance is another significant coverage type within the market, addressing the third-party claims associated with cyber incidents. This can include legal costs, settlements, and judgments related to data breaches

Over 95% of cybersecurity breaches occur as a result of human error.

According to a 2024 survey of small business leaders and IT professionals in the United States, 21 percent of respondents reported monetary losses of less than 250 thousand U.S. dollars as a result of cyber breaches. Additionally, 28 percent of respondents reported monetary losses ranging from 500 thousand U.S. dollars to one million due to cyberattacks.

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.

The global Data Privacy Protection Solutions market is experiencing robust growth, driven by increasing regulatory scrutiny (like GDPR and CCPA), rising cyber threats, and the growing awareness of data breaches among both enterprises and individuals. The market, estimated at $50 billion in 2025, is projected to maintain a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching approximately $150 billion by 2033. This expansion is fueled by the escalating demand for robust data security measures across various sectors, including finance, healthcare, and technology. The cloud-based segment dominates the market due to its scalability, cost-effectiveness, and accessibility, while the enterprise application segment holds a larger market share compared to the individual segment, reflecting the higher data volumes and sensitivity within organizations. Key players such as Broadcom, McAfee, IBM, Microsoft, Cisco, Oracle, Forcepoint, Trend Micro, Veeam, and Druva are actively competing in this dynamic landscape, constantly innovating to meet evolving customer needs and regulatory compliance requirements. The market's growth is not without challenges. The high initial investment costs associated with implementing comprehensive data privacy solutions can be a barrier for smaller businesses. Furthermore, the complexity of navigating a constantly evolving regulatory environment and the need for continuous updates to security protocols present ongoing hurdles. However, the increasing severity and frequency of data breaches are compelling organizations to prioritize data privacy, creating a strong incentive to invest in advanced solutions despite these challenges. Geographic expansion is expected across all regions, with North America and Europe maintaining leading positions due to robust regulatory frameworks and high technological adoption rates. However, Asia-Pacific is poised for significant growth, driven by increasing digitalization and burgeoning economies.