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Cybercrime will rob the world economy of $ 650 billion

Cybercrime will rob the world economy of $ 650 billion

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Date: 15 October 2016 12:34

“Cybercrime will rob the world economy of $ 650 billion by the end of this year. By 2020, this figure could exceed $ 1 trillion.” This opinion was expressed by one of the experts who participated in the conference “360 Data Security” held from 6 to 8 October 2016.
 
According to experts, about a quarter of the entire population of our planet will suffer from data loss, whether personal or corporate. This will inevitably lead to a significant tightening of regulatory measures. Various user authentication systems will also be improved. Initially, telemetry authorization will be implemented. And this will greatly increase the number of banking transactions.
 
Another problem associated with this kind of crime is that hackers cause significant "physical" harm by data deletion, and sometimes actual physical destruction of computer equipment, DNI24 reports.



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