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Cybercrime costs the world trillions of dollars

If it were measured as a country, then cybercrime — which is predicted to inflict damages totaling $6 trillion USD globally in 2021 — would be the world`s third largest economy after the U.S. and China.

Cybercrime costs include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm. According to data from

Cybercrime has home

Nasdaq, the United States, the world’s largest economy with a nominal GDP of approximately $ 21.5 trillion, accounts for a quarter of the world economy.

Cybercrime has hit the United States so hard that FBI supervisors investigating cyber intrusions in 2018 should expect all U.S. citizens to steal all data (personally identifiable information). He told the Wall Street Journal that it was a dark web on the Internet. Part of the Deep Web-Intentionally hidden and used to conceal and promote vicious activity. According to some estimates, the deep web (not indexed or inaccessible to search engines) is up to 5,000 times larger than the surface web and is growing at a rate that goes against quantification.

On the dark web, cybercriminals buy and sell malware, exploit kits, and cyberattack services, targeting victims of US companies, governments, utilities, and major service providers.

Cyber attacks have the potential to shut down the economy of a city, state, or country as a whole.

In 2016 New York Times bestsellers, Lights Out: A Cyberattack, A Nation Unprepared, Surviving the Aftermath, Ted Koppel is not only capable of large-scale cyberattacks on the U.S. power grid, but also catastrophic. It was revealed that it is likely to be. I’m terribly unprepared. Warren Buffett, a 444.4 billion millionaire businessman and philanthropist, calls cybercrime the greatest problem for humankind, attacking humanity more than nuclear weapons.

Bullseye is aiming for our business head-on. 4,444 organized cybercriminal organizations are working together, and in the United States, it is estimated that they are only 0.05% likely to be detected and prosecuted.


Ransomware, a malware that infects computers (and mobile devices), restricts access to files, and threatens permanent data corruption unless paid for, is widespread and cybercrime. It’s a “reliable” attack method for people. According to a 2017 report by

Cybersecurity Ventures, ransomware damage will increase 15-fold in just two years from $ 325 million in 2015 to $ 5 billion worldwide in 2017. I’m predicting. The damage in 2018 is estimated at $ 8 billion, and the damage in 2019 has increased to $ 11.5 billion.

The latest forecast is that global ransomware damage costs will reach US $ 20 billion by 2021, 57 times higher than in 2015. By 2021, we expect to receive ransomware emails every 11 seconds. Every 40 seconds in 2016. The FBI is particularly concerned that ransomware will hit healthcare providers, hospitals, 911, and first responders. These types of cyberattacks can jeopardize the physical security of American citizens, a focus of the FBI’s cyber director, Herb Stapleton, and his team.

Last month, ransomware took its first life. German officials reported that a ransomware attack broke down an IT system at a major hospital in Düsseldorf and killed a woman in need of emergency treatment after being transferred to another city for treatment. According to US Executive Director Mark Montgomery, ransomware is currently one of the fastest growing and most harmful types of cybercrime. The Cyberspace Solarium Commission (CSC) eventually persuaded executives to take cyber threats more seriously, but hopes it won’t happen.

Cyber Attack Surface

The modern definition of the word “hack” was created at MIT in April 1955. The first known mention of computer (telephone) hacking was in The Tech’s 1963 issue. Over the last 50 years, the world’s attack surface has evolved from a telephone system to a vast data sphere that goes beyond the capabilities of humankind to protect it.

In 2013, IBM declared data up to the 21st century, steam power up to the 18th century, electricity up to the 19th century, and hydrocarbons up to the 20th century.

“We believe that data is a phenomenon of our time,” said Ginni Rometty, executive chairman of IBM Corp., at a conference in New York City in 2015, where 123 CEOs of 24 industries, I told CIO and CISO. “It’s a new natural resource in the world. It’s a new foundation of competitive advantage, changing every profession and every industry. By definition, if all this is true, that is, inevitable. Cybercrime is the greatest threat to any profession, industry or business on the planet. ”

According to Cybersecurity Ventures, by 2025 the world will store 200 zetabytes of data. This includes data stored in private and public IT infrastructure, utility infrastructure, private and public cloud data centers, personal computing devices (PCs, laptops, tablets, smartphones), and IoT devices. ..

According to Stanford University, as a result of the COVID 19 pandemic, nearly half of the US workforce works from home. The number of security breaches increases as employees generate, access, and share more data remotely through cloud apps. The total amount of data stored in the cloud is expected to include public clouds operated by providers and social media companies (Apple, Facebook, Google, Microsoft, Twitter, etc.), government clouds accessible to citizens and businesses, and private. I am. Clouds owned by midsize companies and cloud storage providers will reach 100 zettabytes by 2025. That’s 50% of the world’s data at the time, from about 25% stored in the cloud in 2015. More than 1 million people use the Internet every day. By 2022, we expect 6 billion people to connect to the Internet and manipulate data, from 5 billion in 2020 to more than 7.5 billion Internet users in 2030.

Cyber threats range from attacks and damage to computers, networks and smartphones to people, cars, trains, planes, power grids and anything else with heartbeats and electronic impulses. Many of these are connected to corporate networks in some way, further complicating cybersecurity.

According to a Cisco report, by 2023, there will be three times as many connected devices on Earth as humans. And by 2022, 1 trillion connected sensors will be integrated into the world around us, up to 45 trillion in 20 years.

IP traffic increased from 870.3 exabytes annually in 2015 to 2.3 zettabytes annually in 2020.

Data is a component of the digitized economy, and the opportunities for innovation and malicious intent around it are immeasurable.