Cost of Global Cybersecurity Epidemic Set to Reach $6 Trillion

07.04.2017 • United States

By Chris Lowe – Inner Circle (USA) –

As we’ve been reporting, we’re living through a dramatic rise in cybercrime.

And as Ledgett’s report of the State Department attack confirms, it’s not just the frequency of the attacks that is on the rise… but also their aggression and sophistication.

This crime wave is still poorly understood by the public and the mainstream press. It’s still being (largely) fought in the shadows. And the details of the attacks remain murky.

But that won’t last long…

And when this crime wave reaches a “tipping point” and goes mainstream, it’s going to send shares in the big cybersecurity firms soaring.

I’ll show you the exact steps you need to take to profit. But first, let me put some numbers on this phenomenon… so you get a better sense of what’s at stake.

A new investigation by research firm Cybersecurity Ventures warns that we’re on the verge of a cybersecurity epidemic that will cost the world $6 trillion by 2021.

That’s about one-tenth of annual global economic output. And it’s more than 10 times what the U.S. spends on defense every year.

This may sound like an outlandishly high figure… until you consider our growing dependence on digital technology.

According to Microsoft, by 2020, the amount of data stored online – much of it highly sensitive – will be 50 times greater than today.

Cybersecurity firm Secure Decisions puts the number of new lines of software code being created each year at 111 billion – much of that will open up new vulnerabilities that can be exploited by cybercriminals.

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