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
June 27, 2025
The Productivity You Seek is Indeed Within Reach, with the Right Habits
Productivity is an essential metric in modern life, and while it can often feel impossible to achieve, there are ways to overcome the anti-productivity malaise. Here are three habits that are likely to help you in your search for both organizational and personal productivity.
June 25, 2025
Presenter View is Your Secret Weapon for Killer Presentations
Presentation anxiety is very real and can present itself in various ways, from dry mouth to sweaty palms to a sudden loss for words. It’s a legitimate phobia that people have, which makes it all the more helpful that modern presentation tools offer a feature to help mitigate its impact: Presenter View.
June 23, 2025
Watch Out for This Scary New Malware: Crocodilus
Mobile malware doesn’t get talked about a lot, and that’s because it’s relatively uncommon compared to others, but it’s still just as dangerous. Crocodilus, a new Trojan on the Android platform, is one such example. Today, we want to cover how you can address this new variant and avoid contact with it.

Have a project in mind?

Start with our free consultation. 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