Posted this in another thread, but it fits also here:
According to 2023 report by Cybersecurity Ventures (pdf), Cybercrime would cost the world USD 9.5 trillion. If it were measured as a country, then ‘cybercrime land’ would be the world’s third largest economy after the U.S. and China. Download the Report.
The insight of over 2,700 risk management professionals from 94 countries and territories, analyzed and published in the 2023 version of
The Allianz Risk Barometer -again, for 2023- indicated that close to half — 45 percent — of the 2,700 surveyed experts say cyber incidents are the most feared cause of business interruption, even more so than natural disasters or energy concerns.
These are number from 2023, so they are likely higher today.
It somehow feels that the 1.5% of GDP European Nato members have obliged to spend for security outside traditional military budgets - which includes exactly such cyber attacks - are well spend, because the damage caused by such incidents is far higher.
Posted this in another thread, but it fits also here:
According to 2023 report by Cybersecurity Ventures (pdf), Cybercrime would cost the world USD 9.5 trillion. If it were measured as a country, then ‘cybercrime land’ would be the world’s third largest economy after the U.S. and China. Download the Report.
The insight of over 2,700 risk management professionals from 94 countries and territories, analyzed and published in the 2023 version of
The Allianz Risk Barometer -again, for 2023- indicated that close to half — 45 percent — of the 2,700 surveyed experts say cyber incidents are the most feared cause of business interruption, even more so than natural disasters or energy concerns.
These are number from 2023, so they are likely higher today.
It somehow feels that the 1.5% of GDP European Nato members have obliged to spend for security outside traditional military budgets - which includes exactly such cyber attacks - are well spend, because the damage caused by such incidents is far higher.