Blog 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.
