Given
that businesses and customers are constantly working to become more connected and
digital-first, there is a paramount need for them to protect their cyber assets
and personal information as a result.
Analysts estimate that by 2020, 60 percent of all enterprises will be the victims
of a major cybersecurity breach. As reported by Cybersecurity Ventures, cyber attacks are the fastest growing crime globally. Cybersecurity
Ventures predicts cybercrime damages will cost the world $6 trillion annually
by 2021, while70 percent of all annual cryptocurrency transactions will be for
illegal activity. The “Cyber’s Most Wanted” list on the FBI website features 63 notorious people (up
from 19 in 2016) that have conspired to commit the most damaging crimes against
the U.S., including computer intrusions, wire fraud, identity theft, money
laundering, false registration of domain names, espionage, theft of trade secrets,
and other offenses. The unit chief at the FBI’s Internet Crime Complaint Center
(IC3) has stated that the number of reported cyber crimes in the agency’s
reports only represent 10 to 12 percent of the total number actually committed
in the U.S….
