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You’ve heard it time and time again–cybercrime is on an unpredicted rise. This encompasses everything from malware to online scams to intellectual property theft. And if you’re anything like me, it’s increasingly hard to grasp the exponentially climbing figures (hence the title of this week’s column). If the day ends in y, there’s some sort of data leak or hack in the news.
And it is Sunday, after all…
In today’s Security Bite, I want to again shed light on a recent Statista Market Insights survey that predicts the annual cost of cybercrime globally will reach $10.29 trillion by 2025. For perspective, that’s more than one-third of the United States’ GDP, which sits at $25.44 trillion as of writing.