The security landscape has become increasingly challenging and complex for our customers. Threats have grown at an alarming rate over the last year, and cybercrime is now expected to cost the world USD10.5 trillion annually by 2025, up from USD3 trillion a decade ago and USD6 trillion in 2021.1
As attacks increase in scale, so must our defenses. Last year, Microsoft Security blocked over 9.6 billion malware threats and more than 35.7 billion phishing and other malicious emails. Microsoft Security is actively tracking more than 35 ransomware families and 250 unique threat actors across observed nation-state, ransomware, and criminal activities, and our technology blocks more than 900 brute force password theft attempts every second.
But technology alone is not enough to defend against cybercrime. Technology is critical, but it’s the combination of leading technologies, comprehensive threat intelligence, and highly skilled people that makes for a truly effective security posture. The challenge is that in this critical moment when cybersecurity has reached an inflection point, our nation is facing a cybersecurity talent shortage with nearly one in three—or 2.5 million—security jobs vacant in the United States,2 pushing the time of detection for a breach to an alarming 287 days.3 And, even when talent is available, access to highly skilled expertise remains a challenge.