Cyber scams cost businesses $1.7 million per year, claims report
Briefly

In 2024, 98% of businesses reported experiencing a cyber attack, with 94% incurring financial losses over $500,000, as detailed in the 2025 CyberScam Report by BrandShield. A survey of 200 Chief Information Security Officers (CISOs) revealed that those affected by cyber attacks showed heightened concern towards emerging technologies like AI. Additionally, 76% of CISOs anticipated an increased budget for cyber monitoring tools, particularly after suffering losses. Supply chain attacks and phishing were highlighted as major threats, marking a shift in the cybersecurity landscape.
According to the 2025 CyberScam Report, 98% of businesses faced cyber attacks in 2024, with 94% reporting losses exceeding $500,000.
CISOs' attitudes towards emerging technologies shifted significantly post-attack, with increased concern about AI risks and an anticipated rise in cyber monitoring budgets.
Supply chain attacks were identified by 33% of CISOs as the main issue, followed by brand impersonation and advanced persistent threats, indicating evolving cyber threats.
76% of CISOs expected an increase in threat monitoring budgets, driven by the financial impact of cyber attacks, particularly among those who experienced significant losses.
Read at ITPro
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