Page 242 - Cyber Defense eMagazine June 2024

Cybersecurity as a Service Market: A Domain

of Innumerable Opportunities

Cybersecurity as a Service Market

By Aashi Mishra, Content Writer, Research Nester

The increased internet usage, all across the globe, is giving rise to cybercrime cases. Cybercrime is any
unlawful activity that involves a network, computer, or networked device. The aim of attempting a
cybercrime is to breach security and steal sensitive or valuable information. The attacks come in
numerous forms such as phishing, hacking, identity theft, and software. Some of the statistics related to
the cyber attacks are given as follows:

- By the year 2025, the cost of cybercrime will reach almost 10.4 trillion.
- In 2023, the maximum cost of a data breach occurred worth almost USD 5.10 million in the United
States.
- In the year 2023, there was an 8.1% rise in weekly cyberattacks.
- Small businesses account for almost 43.1% of cyber attacks annually.

Cyber Defense eMagazine – June 2024 Edition 242
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