Cyber crime is on the rise, with the global cost expected to grow from $8.44 trillion (£6.9 trillion) in 2022, to $23.84 trillion (£19.5 trillion) by 2027. As technology continues to advance, the threat of cyber attacks is only going to become more prevalent.
The World Economic Forum has recently released its Global Cybersecurity Outlook 2023 Insight Report. This report looks at how cyber leaders and business leaders are perceiving cyber issues.
The recent Annual Payment Fraud Intelligence Report: 2022 released by Recorded Futures and Insikt Group has illustrated some interesting facts and figures about the levels of cardholder data fraud during 2022.
It’s estimated that the cost of cyber-crime will reach $10.5 trillion (£8.5 trillion) by 2025. Organisations need to prepare for this new reality, and that’s where incident response comes in.