Welcome to the First Column IT Tech Blog

HomeBlog
The Global Annual Cost of Cybercrime Will Break $10 Trillion by 2025

The Global Annual Cost of Cybercrime Will Break $10 Trillion by 2025

October 11, 2023

Security is a major pain point for businesses of all industries and sizes, and the numbers reflect this. Here are some of the most notable statistics we could find that prove just how important security is to not just your business, but all businesses.

The Projected Global Annual Cost of Cybercrime in 2023: $8 Trillion

It’s estimated that there are 400 million small and medium-sized businesses all around the world, equating to around $20,000 of damage to each of them on average. Granted, cybercrime is not going to impact each of them equally, and some companies might experience more troubles than their peers.

The Projected Global Annual Cost of Cybercrime in 2025: $10.5 Trillion

Look, cybercrime is only going to get worse, so what did you expect from a future number? If the above 400 million SMBs would suffer $20,000 of damage each in 2023, then this number would increase to $26,250 to reflect 2025’s increase—again, not distributed evenly, but still quite large and enough to be concerning.

If it isn’t clear yet, this cybersecurity trend will only grow worse over time, and you need to take action now before it’s too late. Start protecting your business so you can protect your future in the process.

Phishing Attacks Cause 80% of Cybercrime in the Technology Industry

Phishing can be classified as any communication that is used to illicitly gain access to a resource, and it’s a massive threat that cannot be ignored. It’s mostly used as a vector for spreading other types of threats. To put things in perspective, four out of every five attacks will involve phishing in some capacity, so your team will need to know how to identify and stop it.

Do These Numbers Convince You to Take Cybersecurity Seriously?

First Column IT can help you implement solutions that can optimize your security and protect your network from threats. Learn more by calling us today at (571) 470-5594.

Previous Post
January 27, 2026
From Pay-As-You-Go to Paying Too Much
When businesses first migrate to the cloud, the promise is almost always the same: limitless scalability, faster innovation, and lower upfront costs. Unfortunately, that pay-as-you-go dream can quickly turn into a pay-more-than-you-thought nightmare. Recent industry data suggests that organizations typically overspend by 25-to-35 percent on their cloud resources. Without visibility, you aren’t just paying for what you use; you’re paying for what you forgot you were using.
January 20, 2026
Don't Let AI Turn Your Company Into a Ghost Ship
Ubiquitous technology, used correctly, makes your business a powerhouse. Used poorly, it turns your company into a ghost ship, technically efficient but completely disconnected from your customers.
January 17, 2026
Beyond the Vault: The Business Case for Password Manager Integration
The password has long been the most important security tool because it is the most widely used. From a backend perspective, integrating a password manager isn't just as a digital vault, it helps build a comprehensive security framework.

Have a project in mind?

Start with our free consultation for VA, DC and MD companies. We will provide a detailed proposal and firm quote based on your specific IT support needs. All at a predictable monthly cost per seat.
Free Consultation - Sign Up Here