"According to BD Emerson, global cybercrime damages are expected to reach $10.5 trillion by the end of 2025. While cybercrime methods are a continually moving target, cybersecurity films are making big profits on supplying various kinds of software and hardware protections to combat this epidemic. Cybercrime is not just a corporate problem, and can wreak financial and other kinds of personal damage at the individual level."
"It seems like every week, there is another announcement from a major institution, retailer, or other large corporate entity reporting that it suffered a cybersecurity breach that compromised client or customer data. The occurrences have become so frequent, that the public is becoming inured to the potential financial and data security threats that affect them personally. Nevertheless, the threats are very real."
"Drug smuggling, which is estimated to be $305 billion in 2025, according to Worldometer, is dwarfed by the damages wrought from outright financial theft through ransomware, banks, fraudulent invoicing, fake tax collection scams, credit card phishing scams, and a host of other crimes targeting individuals. Cybercrime is a big business that is estimated to reach $10.5 trillion by the end of 2025, according to BD Emerson."
"Personal Cybersecurity Threats ImageFlow / Shutterstock.com Phishing scams and poor attention to computer and mobile device password and data security are major vulnerabilities for governments, corporations, all the way down to families and individuals. BD Emerson noted that phishing scams that fool people into giving out sensitive data that can compromise their overall links to finances, medical records, legal records, et al"
Global cybercrime damages are expected to reach $10.5 trillion by the end of 2025, fueled by ransomware, fraudulent invoicing, fake tax-collection schemes, credit-card phishing, and other financial thefts. High-profile breaches at institutions and retailers occur frequently, exposing client and customer data and contributing to public desensitization to security risks. Individuals face personal financial and privacy harms when phishing or weak password practices compromise access to finances, medical records, and legal records. Demand for software and hardware cybersecurity protections is rising as organizations and households seek defenses against evolving attack methods and large-scale cybercriminal profit incentives.
Read at 247wallst.com
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