Cyber security compliance has become more important than ever. Staying safe online is crucial for everyone in our connected world. Keeping our data safe from hackers is a top priority with so much of our personal and professional lives online. Following cyber security rules helps protect sensitive information and keeps our online activities secure. This blog will explore the latest cyber security compliance statistics for 2026. We’ll look at how companies protect data, what new threats have emerged, and how the landscape has changed from previous years. 

 

Understanding these statistics helps us see where improvements are needed and how we can all stay safe online. Let’s dive into the numbers and learn why cyber security compliance is crucial for everyone.

 

Cyber security compliance and governance statistics

 

Cyberattacks and breaches will cost the world $10.5 trillion annually by 2026. (Cybercrime Magazine)

 

For businesses with fewer than 500 workers, the average cost of a data breach is $3.31 million in 2023. (IBM)

 

In 2020, there were over 700,000 cyberattacks on small businesses, causing total damages of $2.8 billion. (Allianceswla.org)

 

IT teams had to deal with an average of 52 attacks in 2022. (Rubrik)

 

61% of attacks targeted SaaS applications, making them the most hit platform. (Rubrik)

 

The total cyber security market is worth $1.5 trillion to $2 trillion annually. (McKinsey)

 

91% of companies plan to use continuous compliance in the next five years. (CyberArrow)

 

52% of companies said getting compliance certification is one of their top three priorities for security. (CyberArrow)

 

80% of organizations plan to spend more on cyber security in 2024 to better protect against growing threats. (TrueFort)

 

41% of companies don’t have the tools to enforce compliance policies. (JumpCloud)

 

 

The cost of business disruptions, lost productivity, lost revenue, and fines is 2.71 times more than the cost of compliance. (HelpSystems)

 

The average data breach cost was $4.45 million in 2023, up 15% from the last three years. (IBM)

 

48% of global organizations saw a ransomware attempt against them. (Rubrik)

 

Phishing is the top attack method, with 56% of bad actors using phishing to launch ransomware. (Fortinet)

 

80% of organizations had at least one employee fall for a phishing attempt. (Fortinet)

 

15% of global organizations needed to restore data after an encryption event. (Rubrik)

 

82% of breaches involved data stored in the cloud. (IBM)

 

75% of people think they should improve their cyber security. (CyberArrow)

 

58% of organizations say their employees ignore cyber security policies. (TechBeacon)

 

61% of people expect to spend more on compliance over the next two years. (Accenture)

 

69% of companies say regulatory compliance is the main reason for their security spending. (TechBeacon)

 

The total market for governance, risk, and compliance (GRC) is between $50 and $100 billion. (McKinsey)

 

44% of organizations say risk assessment and audits are the biggest cloud compliance challenges. (TechBeacon)

 

The global market for enterprise governance, risk, and compliance (eGRC) was worth $47.22 billion in 2022. It is expected to grow by 13.8% each year until 2030. (Grand View Research)

 

Small to medium businesses are expected to grow the fastest in the eGRC market through 2030. (Grand View Research)

 

20% of startups have no security plan. (CyberArrow)

 

27% of startups are not managing compliance. (CyberArrow)

 

More than 75% of organizations cannot see all their IT assets. (JumpCloud)

 

51% of small businesses have no cyber security measures in place. (Allianceswla.org)

 

29% of companies cannot see third-party cyber risks. (TechBeacon)

 

43% of cyberattacks target small to medium businesses, but only 14% of these businesses are ready to defend themselves. (TechTarget)

 

North America made up 31.6% of global eGRC revenue in 2022. (Grand View Research)

 

66% of companies say that compliance rules are driving their spending. (Varonis)

 

41% of companies report a growing compliance budget, while 17% report budget cuts. 42% of companies expect their compliance budget to stay the same in 2023 as in previous years. (Clausematch)

 

 

9 out of 10 people expect compliance costs to increase by as much as 30% in the next two years. (Accenture)

 

61% of small businesses were targeted by a cyberattack in 2021. (Allianceswla.org)

 

46% of all cyber breaches happen to businesses with fewer than 1,000 employees. (Allianceswla.org)

 

Global spending on cyber security training will reach $10 billion by 2027. (TechTarget)

 

The top compliance priorities for 2023 are investing in compliance technology (10%), teaching staff about policies and making sure they follow them (9%), updating compliance policies to meet global laws (9%), managing risk and vendors (9%), and strengthening cyber security (8%). (Clausematch)

 

70% of leaders say better security and compliance improve their business by building customer trust and reputation. (CyberArrow)

 

41% of companies say that not having continuous compliance slows down their sales. (Drata)

 

41% of people surveyed say that closing deals depend on maintaining security. (Vanta)

 

57% of respondents are asked to prove their security measures by potential clients. (Vanta)

 

55% of companies have had a security incident with their SaaS applications. (Security Magazine)

 

84% of companies use SaaS applications that have been breached. (The Hacker News)

 

According to the “SaaS Security Survey Report”, only 7% of companies monitor all their SaaS applications, and 68% monitor less than half. (The Hacker News)

 

65% of companies plan to invest or are open to investing in compliance technology in 2023. (Clausematch)

 

66% of people surveyed in 2022 expect the cost of compliance staff to increase. (Thomson Reuters)

 

62% of organizations feel they don’t have enough cyber security professionals. (TechTarget)

 

There are over 50,000 Chief Compliance Officers working in the United States. (Zippia)

 

93% of people agree that cloud and AI are making compliance easier by doing tasks automatically and avoiding mistakes. (Accenture)

 

48% of people are using analytics and big data to make their compliance work better. (Accenture)

 

44% of companies ask for cyber security as part of their proposal requests. (TheSSLStore.com)

 

83% of companies think it’s essential for auditors to use AI in their audits. (CFO Brew)

 

Half of employees don’t know their company’s cyber security rules. (TheSSLstore.com)

 

40% of companies only use spreadsheets and word processors for compliance. (NorthRow)

 

75% of organizations spend more than 1,000 hours a year on compliance. (CyberArrow)

 

Only 17% of small businesses have cyber liability insurance. (Allianceswla.org)

 

In 2020, over 700,000 cyber attacks on small businesses, causing $2.8 billion in damage. (Allianceswla.org)

 

The main challenges for meeting compliance in 2023 are doing things manually, using different technologies that don’t work together, not having enough people, and having limited money. (Clausematch)

 

43% of startups say security and compliance are big problems when starting their business. (CyberArrow)

 

74% of MSPs say their clients struggle to follow the compliance rules. (Kaseya)

 

73% of companies don’t have anyone whose main job is security. (Vanta)

 

75% of small to medium businesses couldn’t keep going if ransomware hit them. (Allianceswla.org)

 

 

87% of companies that only deal with compliance problems after they happen have bad results. (Drata)

 

Investment in tools for following rules and being safe will increase by 50% in legal and compliance departments by 2026. (Gartner)

 

Some SOC 2 and HIPAA cyber security compliance stats

 

Only 7% of companies with less than $1M in funding have met SOC 2 standards, while 45% of companies with over $100 million have met SOC 2 standards. (Hackernoon)

 

In 2024, there was a 40% increase in SOC 2 adoptions. (AWA)

 

UnderDefense says getting ready for and certified for SOC 2 Type 1 costs about $91,000 for companies with less than 50 employees and about $186,000 for companies with 50 to 250 employees. (UnderDefense)

 

According to StrongDM, the average total cost of a SOC 2 Type 1 audit, including time and money, is around $147,000. (StrongDM)

 

60% of companies are more likely to do business with a startup that meets SOC 2 standards. (AWA)

 

70% of venture capitalists prefer to invest in companies that meet SOC 2 compliance. (AWA)

 

Almost all healthcare organizations, 99%, say following HIPAA rules is important for their business. (Compliancy Group)

 

Between 2009 and 2021, about 95% of people in the US had their medical information shared without their permission. (UpGuard)

 

From 2017 to 2021, complaints about breaking HIPAA rules increased by 39%. (Fierce Healthcare)

 

In 2021, organizations had to fix problems or pay fines in 83% of cases where they broke HIPAA rules. (Fierce Healthcare)

 

As of May 31st, 2023, the total fines for breaking HIPAA rules were $135,223,772. (HHS.gov)

 

60% of healthcare workers weren’t sure if they could pass a check to see if they were following HIPAA rules. (Compliancy Group)

 

 

75% of healthcare services checked said their computer systems weren’t ready for cyberattacks. (UpGuard)

 

Only 34% of people had written down everything they needed to do to follow HIPAA rules. (Compliancy Group)

 

Automate your cyber security compliance with CyberArrow

 

In conclusion, cyber security compliance is not just a legal obligation but a critical step in safeguarding sensitive data and maintaining customer trust. As the threat landscape evolves, businesses must adapt quickly to ensure they meet regulatory standards and protect against potential breaches. 

 

With CyberArrow, you can automate your cyber security compliance process and achieve compliance in three weeks. By leveraging automated solutions, you can streamline your compliance efforts, reduce the risk of human error, and stay ahead of emerging threats. 

 

Don’t wait until it’s too late. Invest in automated compliance with CyberArrow today to protect your business from tomorrow’s challenges.

 

Want to learn more about CyberArrow? Schedule a free demo today!

 

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