Cyber Crimes by the Numbers Show Investment Opportunity Is There


By: Noah Judd
07:16 04/18/2019

Your bank details, social security number, and child’s information is all at risk this day and age. A few keystrokes is all it takes for your most personal information to end up in the hands of complete strangers.

We live in a digitally over-dependent society— meaning our risk for a cyberattack is greater than its ever been before. In fact, there is a cyberattack every 39 seconds. Nearly 4 million records have been stolen since 2013, according to Cybersecurity Ventures.

By the end of last year, cyber crimes cost up to $1 trillion globally. Cybersecurity is quickly becoming an essential investment— for both peace of mind and financial gain.

Why invest in cybersecurity? Market growth

The cybersecurity sector is rapidly expanding. To paint a picture, the global cybersecurity market was valued at $3.5 billion in 2004— in 2024, just 20 years later, the market value is expected to be over $300 billion.

Cybersecurity Ventures conducted a report on cybercrime, estimating that cybercrime damages will rise from $3 trillion (2015) to $6 trillion by 2021. By 2027 global spending on security awareness training alone is predicted to reach $10 billion.

Why invest in cybersecurity? Increasing necessity

With cybercrime becoming more sophisticated, companies are having to collaborate with outside partners in order to improve security and reduce risks. A 2017 Global State of Information Security Survey revealed that 55% of organizations are sharing information with outside businesses to survive in the current landscape.

2016 was known as the Year of Online Extortion, according to Trend Micro. Although this has leveled out, there is no cause for celebration. Attack methods are expected to diversify.

By 2025, it’s predicted that at least 4.7 billion people will be on the internet. This paves the way for both cybercrime and cybersecurity alike.


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