16/05/2023
Every day, we witness the increasing deployment of technology to support business processes. However, along with this rise or evolution of technology, there is also a corresponding rise in the threat landscape facing the deployed technology assets that support businesses.
According to CyberCrime Magazine, cybercrime is projected to cost the world $8 trillion annually in 2023. If it were measured as a country, cybercrime would be the world’s third-largest economy after the U.S. and China. We expect that global cybercrime damage costs will grow by 15 percent per year over the next three years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015.
The costs of cybercrime include damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm.
The question that begs for an answer is, how prepared is your business to respond to cyber-attacks? How effective is your information security program?
At Vona Technological Innovations, we use a risk-based approach to assess the readiness of your business to respond to malicious attacks by scrutinizing the design, implementation, and monitoring of your information security program. Contact us today! https://www.vonainnovations.com/contact
