Among industry analysts and experts there is little debate that the cyber-crime wave is fast becoming a tsunami.
Predictions include the continued quadrupling of cyber-crime every 4 years with the financial cost alone reaching over $6 trillion by 2021*. Big numbers indeed and that’s despite bodies like the World Economic Forum reminding us that a significant proportion of cyber-crime goes undetected – especially where industrial espionage and unauthorised access to confidential data and documents is hard to detect. Add to this the lack of clarity and law enforcement accountability associated with cross border prosecution of data breaches and the scale takes on even greater significance.
Even if you doubt the accuracy of such numbers, the conclusion is glaringly obvious: the problem’s big, and it’s only getting bigger.
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