In fact, while Gartner analysts predict that internal cybersecurity budgets will grow by 11.3% in 2023—reaching more than US$188.3 billion—studies from IBM show some alarming statistics:
- The global average cost of a data breach is close to US$4.35 million, 2.6% higher than 2021 and 12.7% higher than 2020.
- The average cost of a data breach in Canada was US$5.64 million.
- 83% of the organizations studied have had more than one data breach.