By The financial and operational damage caused by data breaches is poised to worsen dramatically, fueled by advancements in quantum computing, Metaverse and artificial intelligence (AI).
A global study conducted by post-quantum security pioneers Naoris Protocol reveals that the average cost of a data breach could climb to $5.3 million within five years, up from the current $4.88 million (please see the attached press release).
Almost all Web3 developers surveyed (95%) believe data breach costs will continue to rise, with 18% predicting these costs could exceed $5.5 million by the end of the decade. The overwhelming majority (97%) also see the Metaverse, AI, and machine learning as accelerants for more frequent and sophisticated cyberattacks.
As the Metaverse evolves into a more integrated part of the digital economy and AI capabilities grow exponentially, new threats and vulnerabilities emerge. Over 41% of surveyed developers strongly agree that these technologies will drive a significant increase in cyberattacks.
According to Naoris Protocol’s research, 95% of developers are concerned about quantum computing’s implications, with 36% expressing significant concern. However, 87% believe DePIN technology can play a pivotal role in addressing these threats over the next decade.
