One message has persisted over the past few years: cybersecurity is no longer an IT concern; it has become a fundamental business requirement, according to Chuck Brooks, who was named one of the top 5 tech people to follow on LinkedIn. Viability, survivability, and ultimately commercial success are dependent on securing the devices and network for any business in the evolving digital era.
Forbes reports that despite this reality, an excessive number of organizations, notably small and mid-sized businesses (SMBs), are lacking designated leadership in this crucial domain.
Cybersecurity Ventures and Sophos have released a sobering report, the 2026 CISO Report, that underscores this point.
The report states that it is anticipated that cybercrime will result in a global economic loss of $12.2 trillion USD annually by 2031, a significant increase from the $6 trillion in 2021 and the $10.5 trillion in 2025.
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