[227+ Pages Report] Global Cyber Security Market size & share projected to hit a record value of USD 398.3 Billion by 2026 at an anticipated CAGR growth rate of 14.9% during the forecast period 2021-2026. Increasing use of technological measures in the sectors of retails, BSFI, information and technology, and manufacturing will boost the footprint of global cyber security market to a larger footprint.

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 National Institute of Standards and Technology (NIST) provides a Cybersecurity Framework (CSF) for benchmarking and measuring the maturity level of cyber security programs across all industries. The City uses this framework and toolset to measure and report on its internal cyber security program.The foundation for this measure is the Framework Core, a set of cybersecurity activities, desired outcomes and applicable references that are common across critical infrastructure/industry sectors. These activities come from the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) published standard, along with the information security and customer privacy controls it references (NIST 800 Series Special Publications). The Framework Core presents industry standards, guidelines, and practices in a manner that allows for communication of cybersecurity activities and outcomes across the organization from the executive level to the implementation/operations level. The Framework Core consists of five concurrent and continuous functions – identify, protect, detect, respond, and recover. When considered together, these functions provide a high-level, strategic view of the lifecycle of an organization’s management of cybersecurity risk. The Framework Core identifies underlying key categories and subcategories for each function, and matches them with example references, such as existing standards, guidelines and practices for each subcategory. This page provides data for the Cybersecurity performance measure.Cybersecurity Framework cumulative score summary per fiscal year quarter (Performance Measure 5.12)The performance measure page is available at 5.12 Cybersecurity.Additional InformationSource: Maturity assessment / https://www.nist.gov/topics/cybersecurityContact: Scott CampbellContact E-Mail: Scott_Campbell@tempe.govData Source Type: ExcelPreparation Method: The data is a summary of a detailed and confidential analysis of the city's cyber security program. Maturity scores of subcategories within NIST CFS are combined, averaged and rolled up to a summary score for each major category.Publish Frequency: AnnualPublish Method: ManualData Dictionary

The ASEAN Cybersecurity Market Report is Segmented by Offering (Solutions (Application Security, Cloud Security, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, End-Point Security and Other Solutions) and Services (Professional Services and Managed Services)), by Deployment Mode (On-Premise and Cloud), by Organization Size (SMEs, Large Enterprises), by End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail, Energy and Utilities, Manufacturing, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Snapshot img

Application Security Market Size 2025-2029

The application security market size is forecast to increase by USD 21.9 billion at a CAGR of 21.8% between 2024 and 2029.

The market is experiencing significant growth due to the increasing number of data leaks and the prevalence of shadow IT in organizations. With the digital transformation of businesses, the use of applications has become ubiquitous, leading to an exponential rise in potential vulnerabilities. The threat from open-source application security solutions adds to the complexity, as these solutions may not be adequately secured, leaving organizations open to attacks. Key drivers for the market include the growing awareness of cybersecurity risks, increasing regulatory compliance requirements, and the shift towards DevSecOps practices. Trends such as the adoption of cloud-based security solutions, containerization, and the integration of AI and machine learning in application security are also shaping the market's strategic landscape. However, challenges persist, including the shortage of skilled security professionals, the complexity of securing modern applications, and the lack of standardization in application security. Companies seeking to capitalize on market opportunities and navigate challenges effectively must invest in advanced security solutions, prioritize cybersecurity training, and adopt a proactive approach to application security. By doing so, they can mitigate risks, protect their digital assets, and build customer trust.

What will be the Size of the Market during the forecast period?

Request Free Sample

The market is experiencing significant growth due to escalating cybersecurity threats against business applications. With the increasing reliance on software development for digital infrastructure, securing customer data and sensitive information has become a top priority for organizations. Security breaches, often perpetrated by hackers, pose serious risks to business-critical programs and can result in substantial financial and reputational damage. Artificial intelligence (AI) and machine learning (ML) are increasingly being adopted to detect and mitigate application vulnerabilities. These advanced technologies enable real-time monitoring and analysis of bionic signals and big data analytics to identify potential threats. However, the complexity of modern applications and the proliferation of third-party dependencies pose challenges to effective security management.
SMEs and large enterprises alike are investing in application security solutions to protect their online apps, mobile devices, IoT, and other digital assets from cyberattacks. Cybersecurity threats continue to evolve, with hackers targeting software weaknesses and exploiting vulnerabilities in digital infrastructure. Patching apps and securing data sharing are essential components of a strong application security strategy. The market is expected to continue growing as organizations prioritize the protection of their business applications and digital assets.

How is this Application Security Industry segmented?

The application security industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  On-premises
  Cloud


End-user

  Web application security
  Mobile application security
  Web application security


Component

  Solution
  Service


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Middle East and Africa



  South America

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period. On-premises application security refers to the deployment of security solutions within an organization's physical infrastructure or data centers, providing direct control over security systems and data. The market caters to this deployment model with solutions designed to safeguard web and mobile applications from cyber threats and vulnerabilities. Key features of on-premises application security solutions include Web Application Firewalls (WAFs), which act as a protective barrier against external threats, such as malicious attacks and unauthorized access attempts. Other solutions encompass machine learning and artificial intelligence (AI) for threat detection and vulnerability management prioritization, as well as transparent data encryption and anonymization technology for customer data security.

Get a glance at the market report of share of various segments Request Free Sample

The on-premises segment was valued at USD 3.94 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North Americ

In 2023, spending in the cybersecurity industry reached around 80 billion U.S. dollars, with forecasts suggesting that the market will eclipse 87 billion U.S. dollars by 2024. Global spending on cybersecurity has been increasing since 2021.

Cybersecurity remains a priority

Since the outbreak of the COVID-19 pandemic, organizations worldwide have sent their employees into the home office for work. This decentralization of an organization’s IT landscape created new vulnerabilities of malicious actors to exploit which is concurred by IT professionals’ observation that there is an increase in cyber attacks following the COVID-19 pandemic. As a result, cybersecurity remains a priority among business leaders to ensure operability of the company and data security.

Cybersecurity solutions

Among solutions for cybersecurity are endpoint security, identity access management, data security, and network security. These technologies are leveraged to protect sensitive information and critical systems from attacks. More specifically, these measures are designed to protect threats originating both from inside and outside an organization. This underscores the need to think of cybersecurity as a comprehensive strategy made up of practices and technologies.

Percentage of enterprises that use specific cyber security measures by the North American Industry Classification System (NAICS) and size of enterprise.

Market Summary of Database Security Market:

• The Global Database Security market size in 2023 was XX Million. The Database Security Industry's compound annual growth rate (CAGR) will be XX% from 2024 to 2031. • The database security industry is growing faster and is expected to expand at a faster rate due to these strict regulatory frameworks. Also, the increase in advanced technology for better protection of data is driving the growth of the Database security market. • The dominating segment is the software. It includes encryption, auditing, tokenization, data masking, and access control management. • Due to the increase in internet users, remote working demand, and risk of data breaches, the COVID-19 pandemic has had a beneficial effect on the market for data security solutions. • The database security market is dominated by North America in terms of both revenue and market share. This can be attributed to the region's concentration of significant industry participants and increasing technical advancements in their product line.

Market Dynamics of Database Security Market:

Key Drivers of Database Security Market:

An increase in advanced technology for better protection of data is driving the growth of the Database security market

Retail, banking, healthcare, and government are just a few of the industries where a strong data security plan could help companies stay compliant and lower their exposure to threats. When data is used by the principles of availability, confidentiality, and integrity, it becomes the most precious resource that aids in decision-making, strategic endeavor execution, and the development of closer relationships between companies and their clients. For Instance, Records from thousands of people assembled and reindexed leaks, breaches, and privately sold databases are part of a supermassive Mother of all Breaches or MOAB. The huge release includes information from multiple earlier breaches, totaling an incredible 12 gigabytes of data covering an incredible 26 billion records. The leak is most likely the biggest to be found to date and includes user data from Tencent, Weibo, LinkedIn, Twitter, and other networks.(Source: https://cybernews.com/security/billions-passwords-credentials-leaked-mother-of-all-breaches/) Hence, the protection of data is of utmost importance in almost all sectors. Hardware-based security, data backup and resilience, data erasure, data masking, encryption, firewalls, and authentication and authorization are examples of data security technologies. It is essential to corporate development, operations, and financing. Companies can better comply with regulatory standards and avoid data breaches and reputational harm by securing their data. Data is locked up by modern encryption methods with a single key, making it only accessible to the key holder. AES-compliant standards are used by many databases to encrypt data. These remedies are the most robust against hardware loss, possibly due to theft. The data is protected even if the encryption key is incorrect. For Instance, An innovative method for protecting personal information for use with generative artificial intelligence has been released, according to security company Baffle. Assuring that their regulated data is compliant and cryptographically safe, Baffle Data Protection for AI interacts with current data pipelines to help businesses expedite generative AI initiatives. According to Baffle, the method encrypts sensitive data using the advanced encryption standard (AES) algorithm so that outside parties cannot view private information in plaintext. (Source: https://baffle.io/news/baffle-releases-encryption-solution-to-secure-data-for-generative-ai/) Hence, technology is playing an important role in reducing data breaches and protecting data, which is eventually increasing the market for database security as many companies require data protection.

The Database Security Market is driven by the strict regulatory framework to address information security

Regulatory frameworks can establish standards that developers and users must follow to guarantee a secure database. The market is growing as a result of increasingly stringent regulations enforced globally to protect sensitive data by governments and other relevant authorities in numerous nations. ...

Percentage of enterprises impacted by cyber security incidents in specific ways by the North American Industry Classification System (NAICS) and size of enterprise.

The Cloud Network Security Market is Segmented by Enterprise Size (small and Medium Enterprises, Large Enterprises), by Security Type (application, Database, Network, Web, and E-Mail), by Type of Application (IAM, DLP, SIEM), by End-User Industry (government, BFSI, Healthcare), and by Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

The AI in Cybersecurity Market estimated size and share is projected to exceed USD 219.53 billion by 2034, with a forecasted CAGR of 24.1% during the period.

Percentage of enterprises that identified specific main reasons for spending time or money on cyber security measures or related skills training by the North American Industry Classification System (NAICS) and size of enterprise.

In 2023, the number of data compromises in the United States stood at 3,205 cases. Meanwhile, over 353 million 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 2022, healthcare, financial services, and manufacturing were the three industry sectors that recorded most data breaches. The number of healthcare data breaches in the United States has gradually increased within the past few years. In the financial sector, data compromises increased almost twice between 2020 and 2022, while manufacturing saw an increase of more than three times in data compromise incidents. 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.

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...

Between November 2022 and October 2023, over 10 thousand organizations worldwide experienced data breaches that included confirmed data loss. Among selected industries, firms in the education and healthcare sector saw the highest number of data violations. Regarding organization size, larger ones were victimized by data breaches more than smaller companies.

Success.ai’s Technographic Data for the North American IT Industry provides unparalleled visibility into the technology stacks, operational frameworks, and key decision-makers powering 30 million-plus businesses across the region’s tech landscape. From established software giants to emerging SaaS startups, this dataset offers verified contacts, firmographic details, and in-depth insights into each company’s technology adoption, infrastructure choices, and vendor partnerships.

Whether you’re aiming to personalize sales pitches, guide product roadmaps, or streamline account-based marketing efforts, Success.ai’s continuously updated and AI-validated data ensures you make data-driven decisions and achieve strategic growth, all backed by our Best Price Guarantee.

Why Choose Success.ai’s North American IT Technographic Data?

1. Comprehensive Technology Insights

   • Access detailed information on software stacks, cloud platforms, hosting providers, cybersecurity tools, CRM solutions, and more.
   • AI-driven validation ensures 99% accuracy, minimizing guesswork and empowering confident engagement with the right tech-focused audiences.

2. Regionally Tailored Focus

   • Includes profiles of IT businesses from Silicon Valley startups to East Coast analytics firms, covering major tech hubs and underserved markets alike.
   • Understand technology adoption patterns influenced by regional trends, regulatory environments, and innovation ecosystems unique to North America.

3. Continuously Updated Datasets

   • Real-time updates reflect emerging vendors, newly adopted tools, infrastructure upgrades, and shifts in IT leadership.
   • Stay aligned with evolving market conditions, competitive landscapes, and customer requirements.

4. Ethical and Compliant

   • Adheres to GDPR, CCPA, and other privacy regulations, ensuring responsible data usage and ethical outreach practices.

Data Highlights:

• 30M+ Verified Business Profiles: Gain insights into software companies, IT consultancies, data analytics providers, cloud integrators, and cybersecurity startups.
• Comprehensive Firmographics: Identify company sizes, revenue ranges, workforce composition, and operational footprints.
• Vendor and Stack Details: Understand which CRMs, ERPs, marketing automation tools, or development frameworks companies rely on.
• Verified Decision-Maker Contacts: Engage with CEOs, CTOs, CIOs, IT directors, DevOps managers, and product leads shaping procurement and integration strategies.

Key Features of the Dataset:

1. Technographic Decision-Maker Profiles

   • Identify and connect with executives, architects, and engineers overseeing vendor selection, digital transformation, and IT investments.
   • Target professionals who influence software procurement, SaaS migrations, and long-term technology roadmaps.

2. Advanced Filters for Precision Targeting

   • Refine outreach by technology categories, usage intensity, company size, region, or industry verticals.
   • Tailor campaigns to align with specific pain points, growth opportunities, or emerging tech trends like AI, IoT, or edge computing.

3. AI-Driven Enrichment

   • Profiles enriched with actionable data enable personalized messaging, highlight unique value propositions, and boost engagement with IT stakeholders.

Strategic Use Cases:

1. Sales and Account-Based Marketing

   • Present IT solutions, infrastructure services, or software licenses directly to companies with compatible tech stacks.
   • Identify warm leads who already use complementary tools, accelerating deal closures and improving conversion rates.

2. Product Development and Roadmap Planning

   • Analyze common technology adoption patterns, security tools, or workflow integrations to inform product enhancements.
   • Align feature sets with industry standards and emerging stacks, ensuring long-term relevance and customer satisfaction.

3. Competitive Analysis and Market Entry

   • Benchmark against leading IT providers, analyze technology maturity curves, and understand customer preferences for particular platforms.
   • Identify new markets or niches where your offering can fill technology gaps or improve operational efficiency.

4. Partnership and Ecosystem Building

   • Connect with partners offering complementary solutions, integration capabilities, or co-marketing opportunities.
   • Foster alliances with MSPs, VARs, or channel partners who can amplify distribution and support end-to-end solutions.

Why Choose Success.ai?

1. Best Price Guarantee

   • Gain access to premium-quality technographic data at competitive rates, ensuring high ROI for your sales, marketing, and product strategies.

2. Seamless Integration

   • Incorporate verified data into CRM systems, marketing automation platforms, or analytics dashboards via APIs or downloadable formats, streamlining workflows and decision-making.

3....

The Database Audit and Protection System (DAPS) market is experiencing robust growth, driven by increasing regulatory compliance mandates (like GDPR, CCPA), the rising frequency of cyberattacks targeting sensitive data, and the expanding adoption of cloud-based databases. The market, estimated at $5 billion in 2025, is projected to maintain a healthy Compound Annual Growth Rate (CAGR) of 15% throughout the forecast period (2025-2033). Key growth drivers include the escalating need for data security and integrity across diverse sectors, notably finance, healthcare, and government. The cloud-based segment holds a significant market share, fueled by its scalability, cost-effectiveness, and enhanced accessibility. However, concerns around data sovereignty and security in cloud environments pose a restraint. The on-premise segment persists due to existing infrastructure and stringent data governance requirements in specific industries. Competitive intensity is high, with established players like IBM and Imperva alongside agile regional vendors such as Qi-AnXin and Sangfor Technology vying for market dominance. Geographic distribution reveals strong growth in North America and Asia Pacific, driven by significant investments in digital infrastructure and a thriving technology ecosystem in these regions. The market segmentation by application highlights finance as the largest segment, reflecting the high value and sensitivity of financial data. Growth in the healthcare and government sectors is also notable, spurred by increasing digitization and the need to protect patient and citizen data. Looking ahead, the DAPS market will continue its upward trajectory, shaped by technological advancements like AI-powered threat detection and automated security patching. The convergence of database security and broader cybersecurity strategies will further fuel market expansion. To maintain a competitive edge, vendors must focus on innovation in areas such as real-time threat detection, proactive security measures, and seamless integration with existing IT infrastructures. The market will see increased adoption of integrated solutions that combine database audit and protection capabilities with broader security management platforms. Furthermore, the rising demand for compliance-as-a-service will propel the growth of cloud-based DAPS solutions, while the on-premise segment will continue to cater to specific regulatory and security requirements.

In 2023, the number of data compromises in the financial services industry in the United States reached 744, up from 138 such incidents in 2020. The financial services sector was the second-most targeted industry by cyber security incidents resulting in data compromise. The number of data compromises includes data breaches, as well as exposure and leakage of private data.

Businesses who reported how their business was impacted by the cyber security incidents, by North American Industry Classification System (NAICS) and enterprise size.