Corporate cybersecurity spending has grown significantly from $61 billion in 2012 to a projected $101 billion in 2020, representing an average annual growth rate of 9%. However, this growth rate lags behind the increasing frequency of cybersecurity incidents, which have risen from 3.4 billion in 2009 to 42.8 billion in 2014. The total organizational cost per data breach is also forecast to quadruple to $2.1 trillion globally by 2019. While funding and spending on cybersecurity are at record levels, they are not keeping pace with the rapidly rising costs and risks associated with the growing number of cybersecurity breaches.