Security executives have increased their investment in Artificial Intelligence (AI) solutions to help them battle the growing cybersecurity threat landscape. AI, paired with the threat of class-action costs, increased cybercrimes and data breaches, has created an onset of major disruption—leaving many questioning how their peers are handling these rough waters.
To understand top IT and technology priorities for the coming year, we’ve gathered valuable insights on how companies are investing in their security strategy.
of organizations have increased their investment in Generative AI (GenAI) over the last 12 months.1
of security leaders state that GenAI has increased their attack surface over the last year.1
of security leaders believed that hackers might use ChatGPT to craft more believable and legitimate-sounding phishing emails.2
thought that ChatGPT would help less experienced hackers improve their technical knowledge and develop their skills, as well as help them spread misinformation.2
of technology leaders consider cybersecurity to be the most important risk they need to address or manage.1 Mitigation, however, can be costly.
77%
of businesses expect their cyber budget to increase over the coming year.1
ONLY 2%
say their company has implemented cyber resilience across their organization.1
2024 $9.22T
2028 $13.82T
The global cost of cybercrime is expected to surge in the next four years, rising from $9.22 trillion in 2024 to $13.82 trillion by 2028.3
The percentage of companies facing class actions is at a 13-year high.4
Breach-related class-action costs will surpass regulatory fines by 50%.4
42%
cloud-related threat
38%
hack-and-leak operations
35%
third-party data breaches
estimated cost of the average data breach.5
A top priority for security stakeholders is leveraging managed security service providers
(MSSPs) to stay ahead of threats and gain access to around-the-clock coverage.
public organizations state that a lack of resources and skills is their biggest challenge when designing for cyber resilience.6
of organizations have unfilled cybersecurity positions.6
1 Only 2% of businesses have implemented firm-wide cyber resilience, even as cyber security concerns are top-of-mind and the average data breach exceeds US$3M: PwC 2025 Global Digital Trust Insights. pwc.com/gx/en/news-room/press-releases/2024/pwc-2025-global-digital-trust-insights.html. September 30, 2024.
2 Possible usage of ChatGPT for cyber crime purposes according to IT and security professionals in selected countries worldwide.statista.com/statistics/1378211/chatgpt-usage-cyber-crime-global. April 20, 2023.
3 Cybercrime Expected To Skyrocket in Coming Years. statista.com/chart/28878/expected-cost-of-cybercrime-until-2027. February 22, 2024.
4 Predictions 2025: Security And Risk Pros Will Brace For Regulations And Resilience. forrester.com/blogs/predictions-2025-cybersecurity-risk-privacy/. October 1, 2024.
5 Cybersecurity Stats: Facts And Figures You Should Know. forbes.com/advisor/education/it-and-tech/cybersecurity-statistics/. August 28, 2024.
6 World Economic Forum. initiatives.weforum.org/bridging-the-cyber-skills-gap/home.
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