Reinforce Your Cybersecurity Pillars

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Analyst firm IDC predicts worldwide cybersecurity spending will grow at a pace of more than 12% this year and continue rising through 2028, topping $375 billion.

Jun 24, 2025

Cybersecurity

Analyst firm IDC predicts worldwide cybersecurity spending will grow at a pace of more than 12% this year and continue rising through 2028, topping $375 billion. Why will companies of all shapes and sizes around the globe continue escalating investments in cyber defense? These facts illuminate the reasons:

Research reveals ransomware attacks reached the highest levels recorded in a single quarter at the end of last year.
The number of ransomware victims increased 15% in 2024 compared to the prior year.
Last year also saw the number of new ransomware groups operating in domestic and international cybercrime syndicates grow nearly 70% in 12 months.

Cybersecurity hazards like ransomware threaten organizations large and small. Surveys show that nearly one in five small- to medium-sized businesses (SMBs) may be forced to close permanently after a cyberattack.

How can SMB leaders cope with this mounting risk? As a premier IT managed services provider (MSP), we recommend you reinforce these three pillar practices of cyber resilient companies:

Stage Simulations – Show staff how cybercrooks operate using real-world examples.
Ramp Up Reminders – Increase the frequency of notices of when it’s time to update passwords and other credentials. Encourage countermeasures such as two-factor authentication.
Run Workshops – Offer cybersecurity education options in person and online to support and augment the first two tactics.

Seeking guidance and support? Call us for a consultation.