It is so important to keep your business secure nowadays. Statistics show this to be the case. Don’t believe us? We can share a few of these stats and explore what they mean, just to prove it.

Predictions Place the Global Annual Cost of Cybercrime this Year at $8 Trillion

With an estimated 400 million or so small and medium-sized businesses around the world, that breaks down into $20,000 of damage to each. Of course, in the real world, cybercrime isn’t divided up so equally. Many companies will be impacted less, and others will be impacted a lot, lot more. Speaking of which…

By 2025, Cybercrime is Set to Reach $10.5 Trillion

That’s quite a jump, especially when you update the impact to each of the 400 million SMBs around the world. Instead of about $20,000 damage each, this figure equates to $26,250… which, again, would not be evenly distributed.

This makes it all the more clear that cybersecurity not only needs to be seen as a priority for the world’s SMBs (including those around British Columbia) now, but also and even more so in the future.

Phishing Attacks Were Blamed for 80% of Cybercrime in the Tech Sector

Phishing—or the use of fabricated communications to illicitly gain access to a resource—is a huge threat nowadays, simply because of its use as a kind of delivery system for other forms of attack. When four out of five attacks involve phishing in some way, you can’t afford not to be prepared to spot and stop it.

Hopefully, These Statistics Start to Illustrate the Importance of Cybersecurity

If you’d like to learn more about your business’ potential protections and what we can do to ensure them, make sure you give Coleman Technologies a call at (604) 513-9428.