$2.5 million
Average Cost of Data Breach (USD)
Estimated breach cost for Cypriot organizations in 2026.
120
Number of Data Breaches
Projected data breaches reported in Cyprus in 2026.
$150
Average Cost per Record (USD)
Cost associated with each compromised record in Cyprus.
€45 million
Cybersecurity Spending (EUR)
Total cybersecurity expenditure in Cyprus for 2026.
68%
Percentage of Organizations with Cyber Insurance
Cypriot organizations adopting cyber insurance policies in 2026.
Cyprus has seen a significant rise in cybersecurity threats, with data breach costs reaching an estimated $2.5 million per incident in 2026. The increased number of breaches, totaling around 120, reflects the growing sophistication of cyberattacks targeting both private and public sectors. Businesses are investing heavily in cybersecurity, with expenditures reaching €45 million, indicating a proactive approach to digital security.
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Disclaimer: All statistics presented are 2026 estimates and projections based on industry trend analysis, historical data, and publicly available research. Individual data points may vary from actual figures.