Cyber crime is impacting more companies than ever

Targeted cyber-attacks happen all the time. The stakes are high, and so are the rewards. It’s no surprise that cyber crime is increasing.

Many companies think they are not interesting enough to be targeted. But the reality is that you don’t have to be special to become a viable target. Every company has valuable assets to protect.

Cyber crime used to be highly organized, well-resourced and nation-state sponsored. These days, the tools and tactics have become publicly available, commoditized and accessible to individuals and small teams. Criminal hackers with fewer resources are able to use the tools too. The highly sophisticated methods from the past are unfortunately common today.

Cybersecurity Ventures has predicted that cyber crime damages will cost the world $6 trillion annually by 2021, up from $3 trillion in 2015. This shows that cyber security is too important to be ignored  – for companies of all sizes and in any industry.