July 4, 2023, 7:53 a.m. | Anastasios Arampatzis

The State of Security www.tripwire.com

Over the following years, the costs associated with cybercrime, projected at $10.5 trillion annually by 2025, will exceed the estimated worldwide cybersecurity spending—$267.3 billion annually by 2026. Leadership needs to change its perspective on managing cyber risks instead of just spending more money to match the losses incurred. Cyber risk management as a business enabler The cyber economy is being dominated by threat actors who take advantage of the growing attack surfaces of organizations and the vulnerabilities that arise from …

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