
"Cybercrime has rapidly become an "equal opportunity" criminal enterprise - the range spans from vast networks in Eastern Europe and in Asia to bored Gen-Zers armed with $25 phishing packages bought on the Dark Web. With cybersecurity companies playing Whack-a-Mole against the huge expanse of cybercrime actors, the focus has mostly been on multi-billion corporate entities, paranoid about legal liability in the event of customer data being compromised."
"While corporations large enough to house a separate IT department can arm themselves with state-of-the-art cybersecurity products that their MIT-trained experts can install, monitor, and operate, millions of small businesses and individual households are still vulnerable. Many are equipped with only basic cybersecurity protections in the form of rudimentary virus and malware software as their main lines of defense. Lacking the expertise and budget to properly utilize some of the more sophisticated protocols, they are a significantly underserved market."
Cybercrime losses are projected to exceed $10.5 trillion by 2025. The threat landscape ranges from organized networks in Eastern Europe and Asia to individuals using inexpensive phishing kits from the Dark Web. Large corporations invest millions annually in advanced cybersecurity products and teams to manage legal liability and customer trust. Millions of small businesses and households rely on rudimentary antivirus and malware software as primary defenses. Many lack the expertise and budget to deploy sophisticated protocols and remain underserved. GuardDog AI, founded in 2017 by Peter Bookman in Utah, originated from consulting insights into everyday network vulnerabilities and aims to protect those underserved populations.
Read at 24/7 Wall St.
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