Cybercrime: A Booming Industry Threatening Your Business

If Cybersecurity is not part of your ongoing business planning and forethought, your business will likely become an afterthought.

By incorporating strong, enforceable cybersecurity policies, your organization becomes a defensible harder target. Per a recent MSN article, if cybercrime were a standalone economy, it would be third in line behind the U.S. and China. Cybercrime is on pace to pass $17.5 trillion by 2025.

How is your organization planning for and addressing your Cybersecurity and Governance, Risk & Compliance requirements?

• 43% of all data breaches involve small and medium-sized businesses.

• 68% of all cyber-attacks focused on business disruption first and data acquisition second.

• 72% of cybercrime victims are large businesses (affecting not only their employees and customers but also their partners and suppliers).

• Over 75% of targeted cyberattacks start with an email (RoundRobin)

• Approximately 84% of all events are caused by humans

• Nearly 90% of ransomware attacks are preventable

• In 2021 there was an estimated 2.7billion hours of lost production globally due to cybercrime (Norton)