Did you know if you were to compare the money generated by cybercrime with the GDP of world nations, it would come third behind the economic powerhouses of America and China?
Cybercrime is one of the greatest dangers facing both individuals and companies today. By the end of 2021, the total cost [PDF] of online criminality is expected to reach $6 trillion globally – with that figure increasing to an incredible $10.5 trillion by 2025.
If you were to compare the money generated by cybercrime with the GDP of world nations, it would come third behind the economic powerhouses of America and China. Somewhat unbelievably, the revenue tallied through online crime makes it larger than the entire global drugs trade and bigger than the damage caused by natural disasters annually.
Why cybercrime has become such an issue
Ninety percent of the total data created in history has been made in the last two years and the latest figures suggest the world is now outputting an incredible 2.5 quintillion bytes of data per day (for reference, there are 18 zeros in a quintillion). Experts claim that data is now the world’s most valuable commodity – ahead of even traditional