Economies expand and economies contract but cyberattacks (and related budgets, costs, and consequences) only move in one direction - "up and to the right". In this month's column for FORBES, I look at the dynamics driving the cyber market (growing at a 12% compound rate) and what we can anticipate, based on history, about the cyber threat landscape as we contemplate a slowing global economy looking into a recessionary abyss. SPOILER ALERET: The bad guys don't on vacation when the economy slows...
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Death, Taxes And Cyberattacks...
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Cyberspace has been called the largest uncontrolled and unregulated domain in history. It’s a digital Wild West. A recent report by CybersecurityVentures estimates that cybercrime costs will grow from $3 trillion in 2015 to $10.5 trillion in 2025, a reflection of how as digital transformation continues, it creates new, significant weaknesses for threat actors to exploit.
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