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The average cost of a data breach globally reached $4.45 million in 2023, a 15% increase over 3 years. 

Ransomware attacks accounted for 24% of all breaches, with an average cost of $5.13 million per incident.

Companies failing to comply with data protection regulations (like GDPR or HIPAA) risk fines up to 4% of annual revenue or more.

Cloud misconfigurations caused 15% of all data breaches, many of which could have been avoided with proper vulnerability management and access controls.

60% of SMBs go out of business within 6 months of a cyberattack.

SOC 2 and ISO 27001 certifications are now considered baseline requirements for B2B SaaS vendors in finance, healthcare, and tech.