More money is being invested both to combat its causes and effects as cybercrime is becoming more prevalent. Global Cybercrime Statistics predicts that in 2022, there would be an estimated $134 billion spent annually globally, a number that is only likely to increase.
Cybercrime has changed over time, and it will continue to do so in the future. New hybrid cybercrime tactics will continuously be developing.
Due to the significant increase in complexity and frequency of cybercrime, cybersecurity experts predict that the entire net cost of cybercrime will increase by 15% yearly over the next five years, reaching USD 10.5 trillion annually by 2025.
The organization’s first priority should be ensuring the security of its data, apps, network, and crucial business processes if it wants to remain competitive. Ransomware affected 1 out of every 61 enterprises worldwide each week.
Despite attempts by law enforcement to stop the spread of ransomware-based cybercrime internationally, this trend will continue. In 2022, threat actors will target businesses that have the financial means to pay the demanded ransom, and ransomware assaults will advance in sophistication.
Given the constantly changing threat landscape of today, an organization’s success now heavily depends on its cyber resilience. A company that is cyber-resilient is well-equipped to deal with cybersecurity problems and can swiftly and efficiently respond to them when they do happen. To ensure business continuity before, during, and after a cybersecurity event, your company has to have a strong cybersecurity resilience strategy in place.
The event, where specialists present the most recent cyber innovations and tactics to assist your firm to escape the Digital Danger Zone, is open to everyone.
Cyber Security Asia 2023
The field of cyber security is one that is always developing.
Hackers and security specialists are constantly engaged in a competition to outsmart one another, and in today’s digital world, maintaining adequate levels of cyber security is more important than it has ever been. The landscape of cyber security has been altered as a result of the rise of digital commerce and hybrid workspaces. There has been an increase in the sophistication of ransomware, phishing scams are all too widespread, and law enforcement agencies are facing large backlogs of crimes that require investigations.
It is vital to rethink security techniques and technologies, in addition to preparing for new dangers, and redefining security practices. The modern company may confidently go forward into the digital future while minimizing the possible risks involved thanks to the assistance of forward-thinking security plans and technological solutions that match.