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The Economic Impact of Cybersecurity

Investing in cybersecurity can save businesses from substantial financial losses. The average cost of a data breach in 2023 is estimated at $4.45 million². However, companies that implement advanced security measures can significantly reduce this risk. Moreover, cybersecurity jobs are in high demand, with the industry expected to grow by 31% from 2019 to 2029, much faster than the average for all occupations³.