1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Cybercrime damages expected to cost the world $6 trillion by 2021

Discussion in 'CSO' started by RSS, Aug 22, 2016.

  1. RSS

    RSS New Member Member

    Cybercrime will continue its stratospheric growth over the next five years, according to a recent report published by Cybersecurity Ventures. (Disclaimer: Steve Morgan is the Founder and CEO at Cybersecurity Ventures.)

    While there are numerous contributors to the rise in cybercrime -- which is expected to cost the world more than $6 trillion by 2021, up from $3 trillion in 2015 -- the most obvious predictor is a massive expansion of the global attack surface which hackers target.

    Data remains the primary hacker target. Microsoft predicts by 2020 data volumes online will be 50 times greater than today. There are 111 billion lines of new software code being produced each year — which will include billions of vulnerabilities that can be exploited, according to research conducted by Secure Decisions.

    To read this article in full or to leave a comment, please click here

    Continue reading...

Share This Page