Report Projects 175 Percent Spike in Cyberattacks by 2023

Cyber criminals will steal more than 33 billion records in 2023, a 175 percent increase from the more than 12 billion records projected stolen for 2018, said Juniper Research in a new report. The projections are based on the amount companies plan to spend on cyber defense. According to the research, more than half the attacks in 2023 will take place in the U.S. Small business is projected to account for 13 percent of overall cybersecurity market in 2018, despite more than 99 percent of all companies being small businesses, the report said.