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Are Cyber criminals really outpacing Cyber defenders?

Cybercrime is on the rise. Over the past year there have been a number of high-profile cyberattacks – most recently, the 600Gbps attack on KrebsOnSecurity. One analyst claims that right now, every Fortune 500 company is being hacked in some way.

Moreover, the cost of cybercrime is rising. According to a new Cybersecurity Ventures report, global annual cybercrime will cost the world USD6 trillion by 2021, up from USD3 trillion in 2015.

By 2020, there will be an estimated 4 billion people and 50 billion devices connected to the Internet. This hyper-connected Internet of Things (IoT) era could multiply the number of vulnerabilities, warn experts, who point out that consumer IoT devices are already being used to perpetrate DDoS attacks. Please read full article on the blog of the International Telecommunication Union here.

October 26, 2016