What is the cybersecurity 6 trillion? In this article, we will discuss more information in this title. Read this article so you can have knowledge of this study.
What is the Cybersecurity 6 Trillion?
Cybersecurity 6 trillion is the monetary value of losses in cybercrime. Also, this number is an estimate of the amount of money lost globally to cybercrime, which includes data breaches.
Cyber security or cyber defense is a set of policies and practices adopted. It is to protect the information and data from unauthorized access, misuse, disclosure, disruption, modification, perusal, inspection, recording, or destruction.
Cybersecurity 6 Trillion is a figure that represents the global economic loss due to cybercrime. Also, the number is based on the estimation of the cost of cybercrime and cyber-attacks for 2017 and 2018.
Cybersecurity 6 Trillion was first released by Cybersecurity Ventures, an American company that specializes in research of threats and opportunities of cybersecurity. This company has released this report annually since 2011.
Cybersecurity Ventures is a company that helps companies and organizations to protect their data. It is by providing them with the latest information about threats and vulnerabilities of cybersecurity.
In addition, the cybersecurity 6 trillion projects also state that there will be nearly 6 billion devices on the Internet by 2020. This number is much larger than the world population. By 2021, the number of Internet users will reach 4.77 billion people.
Project Details
The Cybersecurity Ventures study has several surveys and opinions. Also, it is from many experts and executives in the field of cybersecurity and technology companies.
Cybersecurity 6 Trillion is an annual report. This report is on the estimated cost of cybercrime and cyber-attacks for the next two years.
Cybercrime includes all activities that make use of computers or information systems to gain access to critical information. It includes computer hacking, cyber espionage, data breaching, Internet scams, denial of service attacks, cyber-terrorism, and ransomware.
Cyber-attack is a malicious attempt to disable or degrade a system or network. These attacks can result in data loss or corruption, damage to hardware and software, and breakdown of services.
Methodology
The cybersecurity 6 trillion study uses a methodology that combines its surveys with the opinions and estimates of experts and executives in the field of cybersecurity and technology companies.
Cybersecurity Ventures has made several surveys and opinions from many experts and executives in the field of cybersecurity and technology companies.
Cost
The estimated cost of cybercrime and cyber-attacks for 2017 is $3 trillion. However, the estimated cost for 2018 is $3.1 trillion.
Cybercrime Statistics for 2017
The cybersecurity 6 trillion projects also state that 2.6 billion records were this year which is more than double the 1.1 billion records that were breached last year.
Cybercrime statistics for 2017 are as follows:
- 1) Nearly half a billion records were lost or stolen,
- 2) Cost of cybercrime was $400 billion,
- 3) Cybercrime is 2.5 times greater than that of drugs,
- 4) Cybercrime is the third most-profitable illegal business after arms and drug trafficking,
- 5) Cybercrime is growing 9 times faster than the overall global economy,
- 6) Cost of cybercrime will reach $6 trillion by 2021,
- 7) Cost of cybercrime will hit $6 trillion by 2021,
- 8) Cost of data breaches will hit $2 trillion by 2021,
- 9) Cost of data breaches will hit 2 trillion by 2021.
Conclusion
Cybersecurity 6 Trillion is an annual report. This report is based on the estimated cost of cybercrime and cyber-attacks for the next two years.
Cybercrime includes all activities that make use of computers or information systems to gain illegal access to critical information. It includes computer hacking, cyber espionage, data breaching, Internet scams, denial of service attacks, cyber-terrorism, and ransomware.
