Costs $10 trillion yearly

Today, innovation within cybersecurity is critical. The rise in remote working and cloud computing, among other factors, continues to expose vulnerabilities that cyber attackers are quick to exploit. As cyber threats become more sophisticated, cybersecurity prevention measures must evolve as well.

Cybercrime Magazine expects global cybercrime costs to grow by 15% per year, reaching $10.5 trillion USD annually by 2025. Although large enterprises often dominate the headlines when it comes to cybercrime, Verizon’s latest Data Breach Investigations Report highlights that even very small organizations are just as attractive to criminals. In many ways they can be more appealing targets and the cost of a cyber attack can, and has, made small and medium-sized businesses (SMBs) bankrupt.

Companies of all sizes must keep pace with new technologies and future developments to avoid becoming a target. It’s innovations within cybersecurity that are laying new foundations to help defend against unwanted attacks on businesses.

To take the pulse of how cybersecurity innovations are shaping the prevention measures of the future, IS Decisions analyzed thousands of cybersecurity patent filings. Read on to learn which countries, industries, and companies are leading the way when it comes to cybersecurity innovation.