The Biggest Threat That You Need to Know About: Cyber Crime and How to Stay Protected
by Michael Tan
The world is more interconnected than ever, and billions of bytes are shared over our technological devices on a daily basis. This new era of extreme convenience and connectivity comes with major risks, as well.
At almost at every moment, you and your devices are vulnerable to cyberattack. Cybersecurity is quickly becoming one of the primary concerns in our rapidly modernizing world. Malware, data breaches, and cyber crime are rapidly rising in severity and number, and here’s what you need to know to stay aware and safe.
- Cybersecurity is a TRILLION dollar problem. Cybersecurity spending to exceed $1 trillion from 2017 to 2021. The rising tide of cyber crime has pushed information security (a subset of cybersecurity) spending to more than $86.4 billion in 2017, according to Gartner. Global spending on cybersecurity products and services are predicted to exceed $1 trillion over the next five years, from 2017 to 2021. If it’s worth a trillion dollars, it’s worth your attention.
- Cybercrime will be more profitable than the global trade of all major illegal drugs combined. Cyber crime damage costs to hit $6 trillion annually by 2021. The cybersecurity community and major media have largely concurred on the prediction that cyber crime damages will cost the world $6 trillion annually by 2021, up from $3 trillion just a year ago. This represents the greatest transfer of economic wealth in history – also a lucrative opportunity for cybercriminals.
- Cyber crime will more than triple the number of unfilled cybersecurity jobs, which is predicted to reach 3.5 million by 2021. The demand for protection from cybercrime is increasing rapidly. Make sure you and your company keep up. Falling behind can lead to unaffordable risks and damages – preventative action is by far the safest and most effective avenue of protection.
These are the risks and the numbers. Take the action to stay secure. We recommend using the state-of-the-art tools and services offered by Kypher. Learn more about secure file sharing, encrypted communication, and threat prevention at www.kypher.com.