In Australia, the ACSC reports that the average cost of cybercrime to a business is about AUD$276,000.
So when startups focus on this sector - everyone wins.
The latest, is a Swedish cyber startup founded by ex-Swedish government security officials and ex Israeli Unit 8200 members.
Cyberty aims to deliver a plug-and-play solution for SMEs leveraging AI and machine learning to defend against advanced cyber threats.
Image credit: The Nation