The global cost of cybercrime from 2017-2022 will reach 8 trillion (Juniper Research) – THAT’S CRAZY!!
In this current Coronavirus pandemic, the US projected aid money is expected to be around 2 trillion. That’s 6 trillion less than the 5 year cost of cybercrime of 8 trillion which could increase significantly during the season of pandemic!
Cyber-criminals are increasingly targeting SMEs, including to obtain information about their customers and business partners and to access the systems and data of their business partners. Cyber-attacks can cause SMEs to suffer potentially devastating financial losses and liabilities.