April 10, 2019 – It can be expected that costs associated with cybercrime will rise in the near to medium term and have a material impact on the global economy – while putting individual citizens’ and corporations’ important data at risk by cyber criminals. The White House estimates that in 2016, malicious cyber activity cost the U.S. economy between $57 and $109 billion. Since then, we have seen significant data theft and system intrusions, Yahoo, the NSA and of course Equifax, among many others. According to a Cybersecurity Venturesreport issued in late-2017, cybercrime damage is estimated to reach $6 trillion annually by 2021.

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