83% of organizations studied have experienced more than one data breach, and just 17% said this was their first data breach. And 60% of organizations stated that they increased the price of their services or products because of the data breach. USA saw a 57% increase in overall cyber attacks in 2022, UK saw a 77% increase and Singapore saw a 26% increase.

45% of breaches occurred in the cloud. Yet breaches that happened in a hybrid cloud environment cost an average of USD 3.80 million, compared to USD 4.24 million for breaches in private clouds and USD 5.02 million for breaches in public clouds. Gartner forecasts that in 2023, worldwide public cloud spending will grow 20.7% to total $591.8 billion, up from $490.3 billion in 2022. Another research says that 40% of firms will take a cloud-native-first strategy in 2023 as they look to increase agility and efficiency while reducing costs.

Some of the biggest security threats when going cloud:

• Misconfiguration of the cloud platform/wrong setup
• Insecure interfaces/APIs
• Exfiltration of sensitive data
• Unauthorized access
• Hijacking of accounts, services, or traffic
• External sharing of data
• Foreign state-sponsored cyber attacks

Healthcare breach costs hit a new record high. The average breach in healthcare increased by nearly USD 1 million to reach USD 10.10 million. Healthcare breach costs have been the most expensive industry for 12 years running, increasing by 41.6% since the 2020.

95 percent of cybersecurity breaches are caused by human error.

Current cybersec trends are:

• Enhance software supply chain security
• Combat ransomeware that is becoming more and more intelligent
• Transition to a Zero Trust principle
• Increased scrutiny on the cybersecurity measures of third-party providers
• Rise in cyber insurance to offer further protection for businesses