Cybercrime is evolving rapidly and is expected to worsen in the coming years. Cybercriminals have become more sophisticated in their tactics, expanding beyond ransomware and malware to include social engineering, business email compromise, and data theft. The global cost of cybercrime is expected to exceed $6 trillion by 2022, up from $3 trillion in 2015. In order to combat this rising threat, businesses need to take a comprehensive approach that includes employee education, incident response planning, and the use of security technologies.
Cost of Cybercrime Projections
The cost of cybercrime is projected to reach $6 trillion by 2021, up from $3 trillion in 2015. This dramatic increase is due to the increasing number of cyber-attacks and the resulting damages.
This cost is not only borne by businesses. Consumers are also affected by cybercrime, with the average individual losing $195 in 2017.
Most Popular Cyber Attacks
There are many different types of cyberattacks, but some are more common than others. Phishing attacks are one of the most common types of cyberattacks. In a phishing attack, the hacker sends an email that looks like it’s from a trusted source, like your bank or your email provider. The email asks you to click on a link or download an attachment. When you do, you give the hacker access to your computer or your account.
Another common type of cyberattack is a ransomware attack. In a ransomware attack, the hacker locks your computer and demands that you pay them to unlock it. Due to its profitability ransomware continues to be a very popular attack vector.
Unemployment in Cybersecurity
Cybersecurity is one of the rare fields that is enjoying a 0% unemployment rate, meaning that every qualified person in this industry is able to get a job. This is great for people that are entering this field because it means you can start making money and advancing in your career immediately.
Most Common Network Vulnerabilities
There are several ways that your network can be vulnerable to attacks. The most common ones are listed below.
1. Unsecured wireless networks – Wireless networks are particularly vulnerable to attack, as they can be accessed by anyone within range. Make sure your wireless network is password-protected and that the password is strong.
2. Unpatched software – Hackers often exploit vulnerabilities in software that have not been patched. Make sure you keep your software up to date and install any patches as soon as they become available.
3. Weak passwords – A weak password can easily be guessed by computer software and leads to account compromise on the company network.
