According to the International Trade Administration, in 2023 the cyber security
market in Italy has an estimated value of around $2.1 billion.
Sectors most reliant on cyber security are finance and utilities, with defense,
public sector, manufacturing, transportation, and telecommunications close
behind.
During the pandemic, Italy experienced a massive surge in cyberattacks and
online crime. Two years after returning to relative normality, the country still
endures elevated levels of cybercrime.
The ongoing rise in cyberattacks and online fraud has led to an outcry from
citizens and businesses alike, and people are asking hard questions about how
the Italian government is handling the nation’s cyber-preparedness.
Over 85% of Italian organizations were subject to at least one successful
attack within a 12-month period
The 2023 CyberEdge Group Cyberthreat Defense Report (CDR) reveals that
72.4% of businesses in Italy expect to suffer a cyberattack in the next 12 months.
Worryingly, the businesses considered to be most at risk were financial services.
68% of organizations in Italy dealt with ransomware attacks
The 2023 CyberEdge report reveals that 68% of organizations in Italy suffered a
successful ransomware attack. The report shows that Italian companies rate
ransomware as the fourth most likely type of attack (behind malware, account
takeover, and phishing).
12.3% of IT budgets are spent on security
Mobile banking still a huge threat in 2024
Despite experiencing a slight improvement in 2021, new stats from Zimperium
reveal that consumers from 44 different Italian banks are being actively exposed
to mobile banking malware. This reveals that the threat is still very much alive.